Martek Biosciences has completed its acquisition of OmegaTech, the
producer of DHA fatty acids from algae, following a share-only deal
which saw OmegaTech become a fully-owned subsidiary of Martek.
The largest US manufacturer of over-the-counter pharmaceutical and
nutritional products, Perrigo, has reported a 4 per cent increase
in net sales for the third quarter of 2002 to $198.5 million
(€221.2m).
Scottish farmers who have until recently ignored the potentially
lucrative herb market, could soon respond to the growing interest
in medicinal herbs thanks to a recent research grant, reports
The Scotsman.
The manufacturer of Zicam Cold Remedy and Zicam Allergy Relief
announced a drop in net sales for the first quarter to $5.06
million (€5.69m), compared to $6,472 million in the same period
last year.
The US-based nutritional supplements manufacturer has presented
evidence at the recentExperimental Biology's Annual Scientific
Conference in New Orleans which suggests the role played by
chromium picolinate supplementation in...
Nature's Sunshine Products, the US herb and vitamin manufacturer,
reported a 7 per cent drop in sales for the first quarter ended 31
March 2002. Sales revenue was $75.9 million (€85.3m) compared to
$81.7 million for the same...
PepsiCo reported a 14 per cent increase in first-quarter net
income, citing strength in its largest divisions, Frito-Lay and
Pepsi-Cola in North America. There was also a very strong quarter
from energy drink brand, Gatorade.
Medifast, the US nutritional food manufacturer, has launched
Medifast Plus For Diabetics, a range of soy-based meal replacement
products which includes shakes, bars, soups, oatmeal and
ready-to-drink products.
Chemi Nutraceuticals has introduced a new, totally soluble
alpha-glyceryl phosphoryl choline (A-GPC) specialty product, for
use in sports nutrition and anti-ageing nutritional supplements.
Sales at US-based nutritional supplement manufacturer NBTY
increased by 12 per cent in the second quarter to $252 million,
helping next profits to rise by 43 per cent to $26 million.
Patients suffering from type 2 diabetes are to be the focus of a
new study sponsored by supplement producer Nutrition 21. The
company wants to evaluate the effects of its recently-patented
chromium picolinate and biotin supplement,...
Corn Products International, one of the world's largest corn
refiners and a major supplier of food ingredients, reported a five
per cent decline in first quarter earnings, with net sales for the
period down from $454 million...
The British company has signed an agreement with Pilot, a US-based
specialty pharmaceutical company, to source and process the
specialty oil ingredients used in its botanical drugs and OTC
products.
New Zealand's biggest company, the dairy foods processor Fonterra,
is backing a medical consortium to develop milk-based "bioactives",
in the aim of gaining a share in the global functional foods
market, reported the...
Novartis, the Swiss pharmaceuticals group, has reported a 20 per
cent rise in first-quarter profits, exceeding analysts' forecasts,
however this was largely a result of strong growth in
pharmaceuticals and US business, while...
Lipitor, the cholesterol-cutter which is said to be the
biggest-selling pharmaceutical product in the world, helped boost
first quarter sales at Pfizer.
Italian pharmaceutical group Sigma-Tau has created a new US
subsidiary, Sigma-Tau US, which will group together its three
separate North American businesses for the first time.
First quarter sales at pharmaceutical giant Roche were up 5 per
cent in Swiss franc terms to SFr7.4 billion (€5m), with good
performances from the group's other divisions more than offsetting
a decline at the vitamins arm.
In what it is calling a victory for consumer protection, the US
Food & Drug Administration (FDA) has forced Utah-based company
Biogenics to agree to stop making products containing drugs but
sold as dietary supplements.
Danish food and ingredients group Danisco has launched a new enzyme
product derived from seaweed which it claims will help it extend
its position as the world's leading producer of functional food
ingredients.
Millennium Biotechnologies has launched its Resurgex nutritional
supplement via the Medicaid system in the US state of Nevada, the
first time the product has been made available on prescription in
that state.
The UK Soil Association, the organic assessment and promotion
organisation, is to introduce an organic standard for health and
beauty products from 1 May.
A new product designed to help strengthen joints has been launched
by the UK group Vitabiotics. Jointace Fizz is an extension of the
company's existing Jointace brand, and is an advanced new
effervescent formula providing high...
The Arizona Heart Institute (AHI) is to prescribe the Vital Living
Cardiovascular Nutraceutical following a successful three-year
trial of the product.
Herbalife, the weight management and nutritional supplement
company, is to be bought by two private equity firms, Whitney &
Co and Golden Gate Capital, for around $685 million (€773.6m). The
current Herbalife management will continue...
MAF BioNutritionals, a nutraceutical manufacturer founded by Dr
Phil Maffetone, an internationally-recognised expert on nutrition,
complementary medicine and human biology, has acquired the Boulder
Bar brand for an undisclosed sum,...
Two US companies, RFI and Hauser, have joined forces to supply
dietary supplement and functional food ingredients to the
nutraceuticals industry, combining the functional food expertise of
RFI with Hauser's knowledge of the supplements...
Sentex Systems, the Canadian agrifood group, has announced its
intention to buy compatriot Natunola Health, a company which
develops natural health products from flaxseed and other products.
Australian research company Prana Biotechnology has revealed
successful interim results of its Alzheimer's drug PBT-1,
Iodochlorhydroxyquin at the 7th International Geneva/Springfield
Symposium on Advances in Alzheimer Therapy...
The market for functional foods is being driven by a greater
responsibility for personal health care amongst Europeans,
according to a new report by market research company, Mintel.The
research shows that the European functional foods...
A French-Canadian pharmaceutical group is to expand its European
operations via the acquisition of the French company Laboratoire du
Lacteol du Docteur Boucard, its second European investment.
A report by the UK Consumers' Association claims that consumers are
increasingly buying organic food because they believe it is better
for them - a preconception which is often far from the truth.
Naturade, a producer of soy protein products designed to boost
heart health, saw sales grow by 9 per cent in 2001, following a
strong performance from the Total Soy brand.
There are many ways for consumers to increase their intake of
calcium, a mineral known to help strengthen bone structure and aid
weight loss. But a recent analysis shows that milk, a natural
source of calcium, remains the most cost...
A charge of $20 million (€22.8m) related to the write-down of
goodwill following the acquisition of Prolab Nutrition pushed
nutritional supplement manufacturer Natrol further into the red in
the fourth quarter of 2001.
Nutraceutix, the pharmaceutical group which recently signed a
licensing agreement with the giant agrifood group ADM, has reported
disappointing results for the final quarter of 2001.
Natrol, the US supplement manufacturer, has added the Vitamin Angel
Alliance, a non-profit organisation dedicated to fighting child
malnutrition around the world, to its Care for Kids initiative.
Chinese farmers are likely to increase organic output in a bid to
find lucrative new export markets, reports the China Daily.
Increasingly high non-tariff barriers by importing countries have
made it hard for China to export many...
Forbes Medi-Tech remains bullish about its prospects for the future
despite the failure of the Novartis-Quaker Oats joint venture which
was meant to promote a range of foods containing Reducol, the
cholesterol-cutting ingredient developed...
The Scottish Organic Producers Association (SOPA) yesterday
announced that the country's organic farmers would benefit from a
grant of £100,000 over two years from Scottish Enterprise. The
money will be used for a number of projects,...
Martek Biosciences Corporation is to buy docosahexaenoic acid (DHA)
producer OmegaTech, giving it a further foothold in the growing
market for fortified foods. Martek said it would become the world
leader in fermentation-derived DHA...
Omega Protein Corporation, the leading producer of Omega-3 fish oil
and specialty fish meal products in the US, has reported net
profits of $3.9 million (€4.5m) for 2001, a welcome return to the
black after losses of $16.7 million...
Cadbury Schweppes, the British confectionery and drinks producer
which owns Dr Pepper and Snapple, has added another US drink brand
to its portfolio via the acquisition of Nantucket Allserve from
Ocean Spray Cranberries and a group...
Some sectors of the Scandinavian organic food industry are
approaching maturity, but the organic fresh fruit market continues
to show robust growth, according to a new report from Organic
Monitor. Total sales of organic fruit have...
