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Grovepoint acquires majority stake in biotech firm Algatechnologies

7:26 AM MST | February 19, 2013 | Natasha Alperowicz

Grovepoint (London), a private investment company, says it has acquired a majority stake in biotech company Algatechnologies (Hevel Eilot, Israel), a rapidly growing firm specializing in the commercial cultivation of microalgae and a leading manufacturer of natural astaxanthin AstaPure.   Astaxanthin is a natural antioxidant with proven health benefits in several health conditions related to joint and muscle function, skin-care health, and cardiovascular health. The product is already well established in Japanese health food and increased recognition of its...

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