Verdure acquisition
This article was originally published in The Tan Sheet
Executive Summary
Verdure Sciences moves aggressively in its plan to focus on research and development of bionutritionals by acquiring Geni Herb's patent-pending pomegranate extract Pomella and other branded botanical ingredients including Tinofend, Bacognize, Wokvel and Calzbone. Terms of the deal were not disclosed. The Indianapolis, Ind.-based firm, which also has a facility in Heilbronn, Germany, says it expects the transaction to make it a leading U.S. marketer of nutritional ingredients. The Geni brands also are marketed in Europe and Southeast Asia. Noblesville, Ind.-based Geni, which agreed to the Verdure deal in April 2006, also has moved the marketing and distribution of its ayurvedic botanicals to Stauber Performance Ingredients in an agreement made in September...
You may also be interested in...
PomElla Lawsuit Could Squeeze Verdure’s Play In Pomegranate Market
Verdure Sciences' planned growth in the bionutrional arena could be slowed by a lawsuit claiming that a California entrepreneur developed the pomegranate extract product that Verdure acquired recently from Geni Herbs
Japan Grants Global-First Approval To Zolbetuximab, 15 Other New Drugs
Astellas's first-in class CLDN18.2-targeting antibody receives its first approval worldwide, while crovalimab and a number of drugs for rare diseases also receive nods from regulators and are now awaiting reimbursement price-listing.
Hanmi-OCI Merger Hits Wall As Brothers Win Shareholder Vote, Board Seats
The planned merger of Korea's Hanmi Pharm Group with OCI Group hits a major speed bump as the two sons of Hanmi's founder and other candidates recommended by them secture board seats. But it remains to be seen how the Lim brothers will fulfil their ambitious promises.