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GLG Life Tech Corp (2)
Symbol GLG
Shares Issued 37,758,336
Close 2015-02-13 C$ 0.36
Market Cap C$ 13,593,001
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GLG receives FDA no objection letter for reb C blends

2015-02-17 07:43 ET - News Release

Dr. Luke Zhang reports

GLG ANNOUNCES FDA'S ISSUANCE OF LETTER OF NO OBJECTION FOR HIGH-PURITY REBAUDIOSIDE C BLENDS & BECOMES FIRST TO MARKET WITH GRAS REB C PRODUCT OFFERINGS

The U.S. Food and Drug Administration has issued a letter of no objection for GLG Life Tech Corp.'s high-purity rebaudioside C stevia extract where used as a general purpose sweetener in blends containing rebaudioside A and from 10 per cent to 50 per cent reb C. (Filing No. GRN 536.) GLG submitted its application pursuant to the FDA's GRAS program, and is the first company to receive a letter of no objection from the FDA for a high-purity reb C product certified under the GRAS process. This letter confirms that the FDA has no questions regarding GLG's GRAS notice submitted earlier this year, in which GLG, through in-depth consultation with GRAS Associates LLC, reported the results of its extensive studies and its conclusion that rebaudioside C is generally recognized as safe.

This accomplishment is all the more significant because, in December of 2014, GLG announced its major breakthrough in a new seedling rich in reb C (its reb C gold seedling), which was developed through GLG's patented non-GMO breeding methodology. Historically, conventional stevia leaf contained reb C concentrations of around 1 per cent. GLG's reb C gold seedling contains reb C concentrations verging on 7 per cent. Lab tests show that reb C comprises 53 per cent of the glycosides in the reb C gold leaf, compared with values of 6 per cent to 8 per cent (relative to total glycosides) in other strains of stevia leaf -- a remarkable 600-per-cent increase.

With today's GRAS announcement, GLG will soon commence providing product samples to customers as it begins developing its supply chain for reb C gold extracts. Reb A remains predominant in today's stevia market, even with the issue of its bitter aftertaste. However, the introduction of GLG's reb C gold extracts in large-scale quantities, with its superior flavour profile, will offer customers more and better stevia extract choices for improved sweetening solutions for zero- and reduced-calorie applications in both foods and beverages.

To date, GLG has received eight GRAS letters of no objection covering an array of high-purity stevia products; no other stevia company can claim such a mark. Furthermore, GLG has submitted for review one more GRAS notice, for high-purity rebaudioside D.

Dr. Luke Zhang, chairman and chief executive officer of GLG, commenting on GLG's reb C accomplishments, stated: "GLG is the first to market with a GRAS reb C blend that will provide our customers with a superior flavour profile than existing reb A stevia sweeteners. Our patented non-GMO agriculture breeding program once again enables GLG to provide our superior reb C gold blends on a commercial scale. Customers can expect to receive samples shortly of our reb C gold products and commence their formulation work. We are very excited to be able to offer our customers a natural non-GMO stevia product offering based on one of the best steviol glycosides known for its superior flavour profile compared to reb A."

We seek Safe Harbor.

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