The Botanical Adulterants Prevention Program has released a draft version of its standard operating procedure for the destruction of defective ingredients, which has been seen as a landmark in the dietary supplement industry’s self regulation efforts.
Liquid I.V., a development stage company that has found success with clever marketing of its hydration beverage, has secured $5 million in a star-studded private funding round.
China looks set to implement new cross border e-commerce (CBEC) rules on January 1 next year, according to New Zealand Trade and Enterprise (NZTE). This is likely to lead to additional regulation and taxes for supplement and functional food firms.
DSM has again made Fortune magazine's Change the World list, an annual recognition of companies that have had a positive social impact through their core business strategy.
Reckitt Benckiser and Kellogg are said to have joined the race to purchase GSK consumer nutrition business – with Nestlé, Unilever, Mondelēz and Coca-Cola already reportedly interested in the business.
Nature’s Sunshine, a network marketing company focused on dietary supplements, recorded strong sales growth but essentially no profits in its second quarter earnings statement.
Practitioner brand Designs for Health has moved aggressively to protect its brand from what it say are unauthorized resellers. It’s a problem that has plagued the industry for years, the company said.
Japan beer company Kirin, together with multi-portfolio firm Mitsui, is investing in New York-based Thorne Research to expand its range of supplement products.
Abbott Laboratories has posted 7% organic sales growth in its second quarter, boosted by solid gains in several business segments, including in its human nutrition segment.
The founders of New Chapter have severed their relationship with Procter & Gamble because they said “financial pressures to accelerate profits” meant they could no longer in good conscience continue to associate themselves with the brand.
Global ingredients supplier BASF says it expects to life its Force Majeure on human nutrition products including vitamin A, vitamin E and carotenoids from the middle of Q3 2018.
General Mills has led a funding round that poured $12 million into Boulder,CO-based functional food firm NextFoods and its GoodBelly brand via its venture investing arm 301 Inc.
