ChromaDex Corp. (Irvine, CA) raised $4.2 million through a private placement stock offering that began in March, the company said on August 8. New Castle Financial Services (New York City) acted as the private placement agent for the transaction, which yielded gross proceeds of $4.67 million.
Natural Alternatives International (NAI; San Marcos, CA) sold its As We Change catalog and Internet business for $2 million in cash, the company announced on August 5.The sale of the catalog business, operated by NAI’s wholly owned subsidiary Real Health Laboratories Inc., will enable NAI to concentrate on its private label and contract manufacturing clients.
The U.S. Pharmacopeia (Rockville, MD) opened a new, 1800-sq-meter facility in the Wtorre Technology Park in Sao Paulo, Brazil, on August 18. The facility, situated close to several of USP’s pharmaceutical clients, contains state-of-the-art office and laboratory space that the organization will use to dispense its publications and reference standards to local manufacturers.
German consumers will soon be the first in Europe to be able to buy low acrylamide baked goods, according to DSM Food Specialities. A German manufacturer of Speculatius Christmas biscuits will launch the biscuits in October in time for the Christmas.
The “Life…supplemented” Healthcare Professionals (HCP) Impact Study found that 79% of physicians and 82% of nurses recommend dietary supplements to their patients. The study also showed that 72% of physicians and 89% of nurses personally use vitamin, mineral, herbal and other supplements either regularly, occasionally or seasonally. In comparison, 68% of adults regularly take nutritional or dietary supplements.
A study published in the December 5 issue of the Journal of the American Medical Association (JAMA) has raised important philosophical issues regarding nutrient research and demonstrated the confusion when new research contradicts earlier work.
Living and working together in common-law fashion since 1993, Van Dorn Demag and Demag Ergotech will now formally tie the knot under an umbrella holding group called Demag Plastics Group. The two companies announced their engagement in August but used a teleconference on Nov.
