Washington, D.C.—The Senate’s budget resolution includes an amendment that would expand health savings accounts (HSA), health reimbursement arrangements, and flexible spending accounts (FSA) to cover dietary supplements. The amendment was introduced by Senators Mike Lee (R-UT) and Tim Scott (R-SC). Senator Lee spoke in support of the amendment during a...
Lake Success, NY—Hain Celestial is reporting its fourth consecutive quarter of net sales growth, according to a press release. Financial highlights for the second quarter of fiscal year 2021 include: Net sales increased 4% to $528 million, compared to the prior year period Gross margin of 24.6%, a 376 basis...
Guelph, ON—Nutrasource Pharmaceutical and Nutraceutical Services is now an official Institution-Wide Cannabis Research License holder under the Cannabis Act in Canada, according to a press release. The company has obtained approval from Health Canada’s Controlled Substances and Cannabis branch, allowing Nutrasource’s clients an accelerated path to cannabis human research authorizations.
Basel, Switzerland—Bain Capital and Cinven have entered into a definitive agreement to acquire Lonza’s Specialty Ingredients (SI) business and operations for a value of CHF 4.2 billion, according to a press release. “Today’s announcement is the result of a comprehensive and robust selection process.” Lonza’s Chairman, Albert Baehny, said in...
Carthage, MO—Stratum Nutrition’s NEM brand eggshell membrane has received approval for pain claims in Canada, according to a press release. The Natural & Non-Prescription Health Products Directorate (NNHPD) of Health Canada has reviewed and approved the claim “NEM helps provide relief from joint pain due to moderate intensity aerobic exercise...
Oslo, Norway—Kappa Bioscience is expanding its business in the United States, according to a press release. “Our strategy requires focusing on one of the world’s largest regions for dietary supplements and functional foods. We have reached the point where the number of clients and projects require dedicated local resources,” said...
Washington, D.C.—Representatives Kurt Schrader (D-OR) and Morgan Griffith (R-VA) have introduced a bill that would allow hemp and cannabidiol (CBD) to be marketed and sold as supplements. “Reps. Schraeder and Griffith have shown true leadership on this issue, and we anticipate support continuing to build as it progresses through Congress,”...
Seattle, WA—PCC Community Markets (PCC) announced that it has submitted a proposal to the United Foods and Commercial Workers Local 21 (UFCW Local 21) that would institute a $4 per hour temporary appreciation pay for all union-represented staff in the Puget Sound area — not just those in locations with...
Branchburg, NJ—Continuing its mission to transform traditional perceptions of beauty, Lycored announced that the company is giving yogis and wellness professionals the chance to write “notes of nourishment” to help people connect through isolation during the pandemic. These "well-a-grams" are an evolution of Lycored's #rethinkbeautiful initiative, which kicked off three years...
McLean, VA—FARE has announced programming around its annual Living Teal Food Allergy Awareness Week from May 9 through May 15, 2021. The week-long campaign serves as an opportunity to raise awareness of food allergies while also bringing the food allergy community together, the organization says. “Food Allergy Awareness Week is...
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