With the attention that antioxidants are garnering from the health and medical circles, antioxidant manufacturers are finally seeing development in what might have been a relatively stagnant market after the plague of financial difficulties that two of the state’s three antioxidant producers have gone through in recent years.
Now, antioxidant manufacturers, suppliers, and suppliers are stating that production, export and local consumption of Hawaii-produced nutraceutical astaxanthin is back in service as the market continues to grow.
Astaxanthin is a microalgae-based dietary supplement artificially produced by antioxidant manufacturers. Acting as natural antioxants, astaxanthin helps clean the blood of toxins and other harmful chemicals.
Lots of medical trials have actually found this specific antioxidant powerful against disease-causing complimentary radicals and based upon their outcomes, antioxidant manufacturers are producing astaxanthin en masse.
Astaxanthin is produced by antioxidant manufacturers on the Big Island by openly traded Aquasearch Inc. and Cyanotech Corp. On Maui Island, the antioxidant producers of astaxanthin are Micro Gaia Inc., a subsidiary of Japan’s Fuji Chemical Market Co. Ltd. Each antioxidant manufacturer has its own exclusive procedure for industrial production.
” Sales have balanced about $2 million per quarter,” said Cyanotech President Gerald Cysewski. “It’s been that way for the last 2 years. We are expecting to report a loss for the quarter ending June 30, we hope to be cash-flow favorable and rewarding within 2 quarters.”
The stock cost of antioxidant manufacturer Cyanotech fell listed below $1 in May. By last Tuesday, they were trading at 54 cents. The antioxidant manufacturer has 90 days to get its share rate over $1 or Nasdaq will no longer list it on its main board. The last time it was profitable remained in 1997, when it reported net sales of $11.4 million and an earnings of $4.1 million for the fiscal year ending March 31.
The antioxidant manufacturer Cyanotech also has another antioxidant item available, called BioAstin. The antioxidant producer offers this at $20 for a bottle of 60 gel caps, each with 4 milligrams of pure astaxanthin. Cysewski stated that the item can be purchased at most natural food shops in Hawaii along with at Costco and Wal-Mart in Kona.
Like Cyanotech, antioxidant manufacturer Aquasearch also has had its share of misery. It was only on June 17 that it emerged from insolvency when a United States bankruptcy court judge approved its reorganization plan.
“We are not running as a debtor in possession, but we still have a great deal of concerns we need to attend to,” said antioxidant producer Aquasearch President Harry ‘Doc’ Dougherty.
Astaxanthin is produced by antioxidant producers on the Big Island by openly traded Aquasearch Inc. and Cyanotech Corp. On Maui Island, the antioxidant producers of astaxanthin are Micro Gaia Inc., a subsidiary of Japan’s Fuji Chemical Market Co. Ltd. The antioxidant producer Cyanotech likewise has another antioxidant product available, called BioAstin. The antioxidant producer offers this at $20 for a bottle of 60 gel caps, each with 4 milligrams of pure astaxanthin.