Accelerating nutritional solutions: Nestlé Health Science launches new US R&D center

04 Dec 2018 --- Nestlé Health Science has opened a new US$70 million R&D facility in Bridgewater, New Jersey, US, in an effort to establish a global research and development hotspot to reinforce the company’s nutritional expertise.

Retail merger terminated: Rite Aid and Albertsons call off US$24 billion deal

09 Aug 2018 --- Albertsons Companies, one of the US’ largest grocery retailers, and leading drugstore chain Rite Aid Corporation have mutually agreed to terminate their previously announced merger agreement. The US$24 billion deal including debt, announced in February, has faced push-back from a number of retail investors as well as top ten shareholder Highfields Capital Management. The retailers said late Wednesday that they mutually agreed to remain separate. They canceled a shareholder meeting on the deal planned for Thursday.

Essential support: Resource center issues guidance for Indian supplement firms as new regulations come into effect

02 Aug 2018 --- Two new guides have been published in India to help the country’s health supplement industry adapt to recently implemented regulatory requirements. Produced by the Resource Centre for Health Supplements and Nutraceuticals (ReCHaN), their publication is significant because they aim to function as a key stepping stone towards ensuring consistency of practice across India’s supplement industry and will assist in the application of relevant legislation governing the sector.

Botanical expansion: Sensient Technologies acquires Mazza Innovation

13 Jul 2018 --- Sensient Technologies Corporation, a global supplier of colors, flavors and fragrances, has acquired Canadian botanical extraction company Mazza Innovation. Effective immediately, the acquisition comes just one week after Mazza Innovation announced an exclusive, long-term supply agreement with BASF, under which the Canadian company will use its PhytoClean Method to provide BASF with specific plant extracts to develop new solutions for cosmetic applications. Mazza Innovation CEO Benjamin Lightburn tells NutritionInsight that the terms of the acquisition have not been disclosed, adding that the company will continue to support all of its existing customers, including BASF and this partnership.

Fermentalg reports on Q1 revenue as US expansion begins

20 Apr 2018 --- Fermentalg, a French supplier of microalgae for nutrition and health, has reported first-quarter revenue of €232k whereas no income was recorded in Q1 2017. As of 31 March 2018, Fermentalg held gross cash and cash equivalents of €19.5 million compared to €21.8 million at 31 December 2017. Cash burn amounted to a €2.5 million outflow, stable compared to the previous quarter (excluding financing activities) and down €0.5 million from Q1 2017. Q1 was marked by progress achieved in bringing to market its DHA ORIGINS range of algal oils naturally rich in omega 3, as well as a US distribution agreement with Stauber, a leading North American supplier of specialty ingredients, the company reports.

Clinical merger: Novartis acquires AveXis for US$8.7bn, expands in gene therapy

09 Apr 2018 --- Novartis has entered into an agreement and plan of merger with AveXis, Inc. to acquire the US-based Nasdaq-listed clinical-stage gene therapy company for US$8.7 billion in cash (US$218 per share). The transaction was unanimously approved by the Boards of both companies. The move comes just days after Novartis agreed to sell its stake in a consumer healthcare joint venture for $13 billion to GlaxoSmithKline.

Dynamic OTC marketplace: Albertsons and Rite Aid merge, Amazon enters the fray

21 Feb 2018 --- Albertsons Companies, one of the US’ largest grocery retailers, and leading drugstore chain Rite Aid Corporation have announced a definitive merger agreement, creating a retail behemoth with US$83 billion in annual revenue. The move is thought to give the integrated company more weight to compete with bigger chains in an industry anxious about the reported entry of Amazon.com.

New supermarket in food desert may trigger economic and health gains, US study finds

20 Dec 2017 --- Opening a new supermarket in a low-income neighborhood may improve residents' economic well-being and health, even if residents don't necessarily buy healthier food from the store, according to a new RAND Corporation study. The researchers studied a low-income neighborhood in Pittsburgh, Pennsylvania, where a new supermarket opened after decades of absence, and found that residents reported improvements across a number of economic and health benchmarks a year after the store opened, as compared to residents of a similar neighborhood that did not have a supermarket.

Cargill launches low saturated fat, high oleic canola oil

20 Dec 2017 --- Cargill has introduced the lowest saturated fat, high oleic canola oil available to commercial food customers worldwide. The oil is made from a canola hybrid that contains 4.5 percent or less saturated fat while maintaining high fry and shelf life performance, freshness and taste. It reduces saturated fat content 35 percent from previous canola oil generations, the company reports.

Soylent returns to Silicon Valley roots with retail expansion

15 Dec 2017 --- Rosa Foods, the makers of Soylent, has announced that the company will continue its rapid expansion into retail with product launches in 800 7-Eleven locations in Greater Seattle, Portland and the Bay Area. This launch signals the next step in Soylent's mission to provide access to quality nutrition online, in stores and “wherever and whenever it's needed,” the company reports.

Weight management program can put Type 2 diabetes into remission finds Lancet study

06 Dec 2017 --- Type 2 diabetes can be reversed following an intensive weight management program, according to a randomized trial in adults who have had the condition for up to six years, published in The Lancet. The findings lend support to the widespread use of this type of intervention in the routine care of Type 2 diabetes across health services.

Nestle acquires Atrium for US$2.3 billion, extends consumer healthcare portfolio

06 Dec 2017 --- Nestle has agreed to acquire Canadian nutritional health products manufacturer Atrium Innovations from a group of investors led by Permira Funds for US$2.3 billion in cash. Nestle notes that the move for the company, whose 2017 sales are expected to reach almost US$700 million, supports Nestle’s pursuit of growth opportunities in consumer healthcare to complement the company's focus on its high-growth food and beverage categories.

Fermentalg announces signing of distribution agreement for DHA-rich oils and Q3 2017 successes

21 Nov 2017 --- French microalgae specialist Fermentalg has signed a first distribution agreement for algal oils with specialty chemicals and food ingredients company IMCD Group. The news comes as Fermentalg publishes its business review for the third quarter of 2017, with highlights including its strategic partnership with DIC Corporation in pigments and successfully raising €12.6 million (US$14.8 million) in funds as part of a capital increase.

Aker BioMarine receives third straight “A” rating from Sustainable Fisheries Partnership

20 Nov 2017 --- Aker BioMarine’s krill fishery in the Antarctic has received an “A” rating from The Sustainable Fisheries Partnership (SFP) for the third year in a row. The Reduction Fisheries: SFP Fisheries Sustainability Overview 2017 analyzed 20 of the most significant fisheries used for the production of fishmeal or fish oil and assessed the sustainability of the current management regimes.

Oils and more: Neptune explores new frontiers in cannabis space

06 Nov 2017 --- Thanks to the complex regulatory situations surrounding the ingredient in various countries around the world, cannabis products currently do not have a clear roadmap for success. However, this doesn’t mean that there are not opportunities in the space. One company currently making a mark in the industry is Neptune Wellness Solutions.

Bifodan expands global presence with new office in Milan

03 Nov 2017 --- Danish probiotics company Bifodan has established a regional sales office in Milan, Italy. The move increases its global presence to four offices on the European continent and three offices in the US, from which it intends to serve the global market.

DIC Corporation invests nearly US$6 million in Fermentalg in convertible bonds

26 Oct 2017 --- French microalgae specialist Fermentalg has announced the issuance of bonds convertible into shares reserved for Japanese global chemicals industry leader DIC Corporation as part of a global partnership signed on September 11, 2017.

Naturex and Milne partner on Concord grape extract research and commercialization

16 Oct 2017 --- Naturex’s Open Innovation Program Ingenium has led to the signing of a collaboration agreement with Milne Fruit Products, Inc. to jointly fund human clinical research utilizing Milne’s Concord grape aqueous extract. Concord grape (Vitis labrusca) is a North American fruit, whose unique grapes are rich in health-promoting polyphenols. The natural specialty ingredients supplier launched the open innovation program in March 2016 with the aim of advancing technological breakthroughs and accelerating the introduction of new products through external collaborations.

Cooke to acquire Omega Protein Corp amid diversification strategy

10 Oct 2017 --- Cooke Inc., a New Brunswick company and parent of Cooke Aquaculture Inc., and Omega Protein Corporation, a nutritional product company and a leading integrated provider of specialty oils and specialty protein products, have entered into a definitive agreement under which Cooke will acquire all outstanding shares of Omega Protein for US$22 per share in cash.

Corbion and Bunge’s AlgaPrime DHA awarded for aquaculture innovation

06 Oct 2017 --- AlgaPrime DHA, a sustainable, omega 3-rich whole algae ingredient produced by the joint venture partnership of Corbion, N.V. and Bunge Limited, has received the 2017 Global Aquaculture Innovation Award from the Global Aquaculture Alliance.

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