14 Jun 2024 --- Marinova completes a US$5 million expansion of its “state-of-the-art” fucoidan extraction facility in Australia which supplies fucoidan extracts to nutritional and personal care brands in over 35 countries. The biotechnology company says global demand for the bioactive compound found naturally in brown seaweeds is rapidly increasing. High-purity fucoidan is known for its beneficial health properties and is used in innovative nutritional, cosmetic and animal health formulations. It is also used in beauty products to protect skin from damage, reduce redness and swelling and promote a glowy complexion.
