Milwaukee, WI — Lakeview Equity Partners, LLC, a Milwaukee-based private equity fund, has invested in NutriScience Innovations, LLC, the Trumbull, CT-based cGMP-certified global supplier of nutrition and functional ingredients to companies that make nutraceutical, pharmaceutical, food and beverage, and dietary products. Lakeview has also acquired the assets of NutriScience’s sister...
Montreal, CA — Atrium Innovations, a globally recognized leader in the development, manufacturing and commercialization of innovative, science-based, natural health products, and Permira, the global investment firm, have announced that Atrium will be acquired by Nestlé for $2.3 billion in cash from a group of investors including a company backed...
Oslo, Norway — Kappa Bioscience has launched a free vitamin K2 MK-7 quality testing program, which it announced at CPhI India. This will allow for testing and verification of any finished K2 product’s K2 label claim. A goal of this program is to educate markets about K2 stability and how...
City of Industry, CA - AIDP and Algaia are introducing Satialgine DVA, a new alginate line that can be used to enhance texture in both vegan and non-vegan desserts. Satialgine is a seaweed extract that provides a rich and creamy profile. The product is directed towards consumers who have dairy...
As expected, Amarin Corp. is appealing to the U.S. Federal Circuit Court the International Trade Commission’s decision to decline its request to block the import of ethyl ester and triglyceride concentrates for dietary supplements. ITC had rejected Amarin’s initial request because it said interpretation of the Food Drug...
Wilmington, DE – Ashland is taking aim at the fast-growing global nutraceuticals market by combining its nutrition business with the ingredients processing expertise of recently acquired Pharmachem. The combined unit, which will be called Health and Wellness, will continue to report up through Ashland’s Specialty Ingredients segment. “Our plan is...
Salt Lake City, UT — The Natural Algae Astaxanthin Association (NAXA) has filed a citizen petition with the U.S. Food and Drug Administration (FDA) asking the agency to make the determination that Cardax’s ZanthoSyn product is misbranded and adulterated. The petition states that ZanthoSyn “does not meet the definition of...
Albertsons will roll out online grocery ordering and delivery at 1,800 of its stores by mid-2018 with technology provided by Instacart. The addition of Albertsons to its lineup gives Instacart the ability to reach about 68% of the U.S. population with same-day delivery. Its goal is 80% of the U.S.
Washington, DC — The U.S. Food and Drug Administration (FDA) has issued a warning that biotin (vitamin B7) may interfere with laboratory tests and cause incorrect lab test results. “Some supplements, particularly those labeled for hair, skin and nail benefits, may have high doses of biotin, which may not be...
Pasadena, TX — Texas becomes the latest state to open its door to medical marijuana and Knox Medical is expected to begin home delivery of CBD oil throughout Harris County by Dec. 31. Cansortium Texas, which is using its Florida business name Knox Medical, is one of three organizations granted...
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