WASHINGTON, D.C. – New legislation introduced by Congressman Dave Brat (R-VA) would make multivitamin dietary supplements an allowable purchase for the 8 million people receiving assistance through the special supplemental nutrition program for women, infants, and children (WIC). “Expanding WIC to include multivitamins would create an oasis for the 25...
Vancouver, Canada – Plant-based food manufacturer Daiya Foods Inc. is being sold to Otsuka Pharmaceutical Co., Ltd., and the reported $325.3 million acquisition will help increase Daiya’s presence throughout North America while creating a global plant-based platform, the company announced. Otsuka operates worldwide, including in the US and Canada, where...
Seattle, WA -- Toosum Healthy Foods, LLC announced the expansion of its platform of all-natural snack foods with the acquisition of the health bar brand Kutoa. “We are committed to only providing top quality products made with wholesome ingredients,” explained Toosum founder Peter Guyer, in a press release. “By working with Kutoa,...
Austin, TX – Whole Foods Market reported record quarterly sales of $3.7 billion on Wednesday, and while comparable store sales decreased by 1.9%, that is an upward trend. Net income for the third quarter ending on July 2 was $106 million. On June 16, Amazon and Whole Foods Market announced...
WASHINGTON, D.C. – The Natural Products Association (NPA) on Wednesday responded to the findings of a study in the Journal of Medical Toxicology that it says exaggerates the risk of dietary supplements and ignores their “superior” safety record when compared to other products regulated by the Food and Drug Administration...
Basel, Switzerland – Lonza reported a strong growth path for the first half of 2017, with sales up 15.1% to CHF 2,323 million compared with the same period in 2016. The success was driven by both the Pharma&Biotech and Specialty Ingredients segments, the company reported on Wednesday. “Lonza’s continued growth...
HILO, Hawaii—The U.S. Food and Drug Administration (FDA) has approved the petition of Royal Hawaiian Orchards allowing it to claim that consuming macadamia nuts can help reduce the risk of coronary heart disease under certain circumstances. The decision follows nearly two years of FDA review and affects the entire macadamia...
David Foreman RPh, the pharmacist, author and media personality known to consumers nationwide as "The Herbal Pharmacist," will field your questions about "Managing Chronic Pain Naturally" at an hour-long webinar on Wednesday, Aug. 2 at 2pm EDT. Register here. When we think of chronic illnesses, conditions such as heart disease,...
Ronkonkoma, NY — Global investment firm KKR is buying a majority stake in health and wellness product leader The Nature’s Bounty Co. from The Carlyle Group. Even though The Carlyle Group is selling most of its control of Nature’s Bounty it still has a financial hand in the company. All...
San Diego, CA – Transaction activity in the Nutrition and Health & Wellness Industry increased 22%, with 436 deals in the first half of 2017, and shows no signs of slowing down, reports Nutrition Capital Network (NCN). The advisory firm’s transaction database revealed mergers and acquisitions were up 33% and...
RSS
