Clover Corp, a food and nutrition research company, has signed a deal with US infant formula maker Martek Biosciences Corp relating to Martek using Clover technology to put its essential fatty acids in baby formula.

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Clover Corp’s shares closed up more than 22% yesterday [Wednesday] on news of the licence and manufacturing agreement, which is worth more than A$700,000 (US$378,994) plus royalties.

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