Pronova BioPharma has evolved from a long history of development and strategic growth, the key aspects of which are as follows:
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1935: A marine oil processing factory established in 1935 in Norway by Jahres Fabrikker in Sandefjordand Johan C Martens & Company
in Bergen
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1986 to 1988: Norsk Hydro acquired the Johan C Martens & Company and the Jahres Fabrikker company, to develop their omega-3 fish oil containing
EPA and DHA
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1988: Norsk Hydro filed for patent protection in the United Kingdom for product composition and therapeutic use of the active pharmaceutical
ingredient
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1992: The patent was first granted and has coverage in 26 countries. A merger between Johan C. Martens & Company and Jahres Fabrikker
to form Pronova Biocare
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1994: Registration of the first commercialised product for the HTG indication in Europe was granted with the commercial launch
in Italy
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1999: Registration of the active pharmaceutical ingredient for the Post-MI indication in Europe was granted
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2004 to 2005: Ferd Private Equity Fund I acquired Pronova Biocare. The consumer and industrial brands were sold, to cultivate Pronova Biocare
as a pure pharmaceutical company
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2004: FDA registration of brand names in the USA for the HTG indication and treatment as an adjunct to diet for patients with “very
high” levels of triglycerides
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2006: PB Holding acquired controlling interest in Pronova Biocare and the group was established
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2007: Change of name to Pronova BioPharma. Listing of the company’s shares at Oslo Børs. GlaxoSmithKline acquired Pronova BioPharma’s distribution
partner in the USA
