Pharmanex
This article was originally published in The Tan Sheet
Executive Summary
Cholestin marketer secures exclusive multi-level marketing channel rights to Policor policosanol under agreement with Hauser, firms announce Oct. 3. Hauser becomes sole supplier of beeswax-derived ingredient for use in Pharmanex' Cholestin, Cardio Formula supplements. Two days earlier, Hauser announced it exercised an option to purchase policosanol technology, intellectual property rights from an unidentified "developmental start-up company" for undisclosed terms. Hauser has manuyfactured Policor since February; Pharmanex debuted reformulated Cholestin in July after losing a lengthy court battle with FDA over use of red yeast rice in the product (1"The Tan Sheet" July 16, In Brief)