This article was originally published in The Tan Sheet
Q2 sales total $95.3 mil., down 1% on reported basis, but up 10% in local currency terms. Sales boosted by relaunch in Japan of company's LifePak supplements, reformulated to capsules from tablets. In addition, 30% of firm's sales during period were generated by automatic monthly reorders, an increasingly important transaction to the business, Pharmanex notes. Outside U.S., sales for Cholestin rose 10% from first quarter. Reformulated version of the supplement, excluding red yeast rice, launched stateside in July (1"The Tan Sheet" July 16, In Brief)
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New formulation contains Policor (policosanol), "beeswax-based" proprietary ingredient that inhibits cholesterol synthesis in liver, Pharmanex says July 9. NuSkin Enterprises division removed original red yeast rice-containing Cholestin from market following Utah federal court decision favoring FDA determination the product was a drug because it contained lovastatin, the active ingredient in Merck's Mevacor (1"The Tan Sheet" May 7, p. 15). Once-daily formula developed by Hauser replaces twice-daily red yeast rice dosage and is made with novel PoliSorb softgel delivery system. Thirty-count bottles marked "new and improved" are priced at $39.95
Perrigo promotes in pricing, planning
Combe sells most of its OTC brands
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