“Consumer products companies in the health and wellness space demand more from their suppliers,” explained Paul Flowerman, President of PLT Health Solutions. “These companies expect their development partners to present ideas and ingredients with market-ready commercial potential backed by solid science – and we have strengthened our resources to meet those expectations.
“We provide many of the functions in the ingredient discovery/development/supply chain process that multinational manufacturers do – including consumer and clinical research, intellectual property development, management of regulatory issues, formulation assistance – and of course supply and logistics.
“Our focus is on being a strategic supplier and on helping our customers build and maintain strong brands. Given our business model, our company also has the ability to be extremely nimble and market-focused,” he added.
The company, which markets over 20 proprietary branded ingredients across a range of categories, said that an important factor behind the company’s renaming is its decision to focus on ingredients supported by strong science.
“Our customers have told us that they need solid science to help them get consumers’ attention and build the trust that creates strong brands. We realize that if they are going to invest millions in product and brand development, the foundation has to be solid and we want to be the company that can supply them those foundational ingredients,” said Devin Stagg, Director of Corporate Strategy.
“At PLT Health Solutions, we have our own R&D program in which we employ scientific personnel drawn from the consumer products industry to vet and guide the development of scientific support behind the ingredients we market. We do this by designing high quality clinical studies to further increase the consumer perceived value behind our ingredient solutions. As a result, we find that our customers often choose us because of our commitment to strong science,” he added.