Avoca signed a supply agreement with Synthetic Genomics (SGI) to extract and commercialize natural astaxanthin from a strain of algae developed by SGI.

The multi-year supply agreement provides Avoca with exclusivity for product sales in North America. Pharmachem Laboratories, LLC will be responsible for marketing and sales, while SGI is developing the product through its Genovia Bio business unit, which is responsible for the development and commercialization of algal-based food, chemical and fuel products.

Pharmachem Laboratories, LLC through its wholly owned subsidiary, Improve USA, announced it has received the Institute for Marketecology (IMO) “Fair for Life” Social and Fair Trade certification (see www.fairforlife.net) for its U.S. and Mexico based aloe vera operations. The certification confirms that Improve USA has met the requirements of having: fair trade practices, fair working and good working conditions, responsible relations with local community, long term partnerships with fair trade producer operations, fair prices and fair trade premiums paid to producer operations and responsible labor practices.