Nutraceutical Clinical Laboratories International said it has sold
its majority interest ownership in American Medical Specialties,
effective from 1 August 2002.
US-based Natural Health Trends said it has signed an agreement with
NuEworld.com which will see the marketing company merge with
Natural Health Trend's subsidiary, Lexxus International.
The leading Canadian vitamin manufacturer Jamieson Laboratories has
announced its first acquisition - ProMedis, a company specialising
in weight management.
Following news of a 12 per cent drop in net sales for Weider
Nutrition's fourth quarter, the chief executive promises new
product launches and heavy marketing support for its sports
supplements.
Australian natural food ingredients maker Clover Corp has teamed up
with the Food Spectrum Group to enhance the marketing and
development of its dietary supplements.
British healthcare business Peter Black has sold its vitamin and
mineral unit to Belgian company Omega Pharma for an undisclosed
sum, thought to be worth tens of millions of pounds.
The American Arbitration Association has ruled that the disputed
agreement between PharmaNutrients and Norwegian company Natural,
created when the joint-venture separated in 1999, is 'valid and
enforceable.'
California-based Naturade, the marketer of soy protein products,
posted a decrease of 24 per cent in net sales for the second
quarter, and an operating loss of $0.7 million (€0.7m).
The world's biggest vitamin and supplements maker Numico is the
latest company this week to post a slide in first-half profits well
below expectations. The company was severely hit by weak US vitamin
sales with the Rexall Sundown...
Pharmaceuticals giant Roche this week reported a 28 per cent fall
in net profits for the first half of the year. The Swiss company
saw net profit fall from SF2.5billion to SF1.8billion, partly due
to a 39 per cent drop in operating...
With an overall drop of 3 per cent in sales for this year's first
half, Degussa refutes expectations of an upturn in the second half.
Restructuring of core businesses and divesting non-core operations
will continue in a drive...
Nutraceutical company reports successful first half year,
attributing results to new product launches and returns from the
restructuring carried out in 1998.
US-based Lifeway Foods reported second quarter revenues of $3
million (€3.03), an increase of 9 per cent on the same period last
year. The success continues the strong trend seen this year by the
functional foods manufacturer.
The German pharmaceuticals group reports that sales in the first
six months of 2002 rose 21 per cent on the previous year to €3.7
billion while operating income showed growth of 48 per cent to €495
million. Business in the US was...
The manufacturer of functional food ingredients derived from rice
bran reported lower revenues and net income for the second quarter
compared with the same period last year, but said sales in domestic
markets have grown.
The Swiss food giant has confirmed its interest in some of
Novartis' functional foods, part of the unit put up for sale
earlier this year. Analysts speculate that the food group could
easily afford to buy the drug company's...
Energy drink maker Hansen Natural reported record gross and net
sales for the second quarter ended June 30, 2002. The company
attributed strong sales to its core beverage lines and new product
introductions.
Japanese company Yakult Honsha, maker of the probiotic drink, saw
its shares plummet today following a report that it had paid off a
suspected racketeer.
The producer of plant-based dairy alternatives shrugs off flat
sales to post a strong rise in profits in the first quarter of
fiscal 2003 as its restructuring and expansion programme begins to
pay dividends.
A slower-than-expected roll-out and previous year results swollen
by a licensing fee from GSK pushed PacificHealth Labs into the red
in the second quarter, but the future still looks decidedly rosy.
The launch of a various supplement lines in the Mexican and
Filipino markets during April and May helped boost sales and
profits at US-based company Reliv International.
Zila, the US-based pharmaceutical and nutraceutical producer, said
it remained confident that EBITDA would grow significantly next
year after major restructuring of the business during the final
quarter of 2002.
Second quarter net profits for Nutri/System, the US-based producer
and marketer of weight-loss products, grew from $189,000 to $1.3
million (€1.34m), helped by a strong rise in sales through the QVC
network.
Full-year results at US-based pharmaceutical and nutritional
product manufacturer Perrigo were helped by the addition of a
number of exceptional items, but also showed solid growth before
exceptionals.
Third quarter sales at Nutraceutical International, the US
supplement manufacturer, rose from $26.7 million to $29.5 million
as a result of good organic growth and acquisitions, while profits
were up from $2.0 million to $4.2 million,...
US dietary supplement maker Natrol reported net sales of $17.8
million (€18m) in the second quarter to 30 June 2002, a decrease of
7.4 per cent on the same period last year.
Dutch life science company DSM this week posted a net profit of
€959 million. DSM Food Specialties and DSM Bakery Ingredients
posted improved operating profits on the same period last year.
America's dietary supplement trade body is to stress the importance
of nutrition and alternative medicine in a request to the
government for more funding for research.
Twinlab, the US-based manufacturer and marketer of nutritional
supplements, has announced a major restructuring plan designed to
help improve its financial performance.
Second quarter results at Merck, the German pharmaceutical group,
were impacted by competition from generic versions of its
top-selling product, the anti-diabetes drug Glucophage.
NBTY posts strong rises in sales and profits for the third quarter
of the year, an impressive performance in a market which has been
in decline over the last six months.
Vanson HaloSource, the US company which specialises in
chitosan-based products, has completed a new round of financing
which will help it finance the development of new supplement
products.
An increase in revenues from $7.0 million to $7.4 million (€7.3m)
helped US company Opta Food Ingredients to post profits of $367,000
for the second quarter of fiscal 2002 compared to losses of
$312,000 in the same period a year earlier.
Nu Skin Enterprises, the US company which markets personal care
products, nutritional supplements and technology and
telecommunications products, has reported a strong double-digit
growth in sales for the second quarter of its fiscal...
Metabolife, the US-based dietary supplement maker, is being
investigated by the Internal Revenue Service amid allegations that
it has been evading income tax payments.
Merck, the German pharmaceutical group, has acquired Laboratoires
Richelet, a privately owned French company specialising in
vitamins, minerals and food supplements.
An independent assessment of the manufacturing capacities of Burcon
NutraScience has confirmed that the Canadian company will be able
to produce it canola protein isolates Puratein and Supertein on a
large scale, at significant yield...
Brain Garden, the subsidiary of Whole Living of the US, has
reported a further rise in sales for June 2002, the second
consecutive month of improvement after a slow start to the year.
CK Life Sciences International, the Chinese biotech company, is
preparing an initial public offering this week which it is hoped
will raise some HK$2.61 billion (€0.34bn) to finance future growth.
Switzerland's Lonza group has confirmed its commitment to the
construction of a major new production facility in the town of Visp
with the announcement of a SFr100 million (€68.4m) investment in a
biopharmaceuticals manufacturing...
