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WellGen update

This article was originally published in The Tan Sheet

Executive Summary

Capital raised from WellGen's most recent round of funding will reinforce its leadership position in the emerging field of nutrigenomics and functional foods, the New Brunswick, N.J.-based firm announces Oct. 29. Specifically, the funding will enable the firm to "advance its anti-obesity ingredient for functional foods, including the launch of a human study that has already received Institutional Review Board approval, and to conduct further studies of its recently patented product WG0401," company notes. WellGen received a patent for its WG0401 ingredient covering its use for arthritis, inflammation and cancer in July; the product was developed through nutrigenomics, the study of how nutrients affect gene expression (1"The Tan Sheet" July 16, 2007, In Brief)...

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Nutrigenomics ingredient

WellGen's black tea extract product, WG0401, received a patent covering uses of the product for arthritis, inflammation and cancer, the biotech firm states July 10. The firm says it developed the ingredient through nutrigenomics - the study of how nutrients affect gene expression. "We believe WG0401 is the first nutrigenomics-developed ingredient to be commercialized for consumer application," states WellGen CEO, Kathleen P. Mullinix. The product will be marketed to the supplement industry as a functional food ingredient aimed at promoting joint health and comfort, anti-aging and immune-defense support as well as contributing to cardiovascular health, the company says. WellGen is in the process of finalizing a distribution agreement with Charles Bowman and Company to facilitate its entry into the marketplace, the firm says. The North Brunswick, N.J.-based firm announced earlier in the year it anticipates WG0401 will hit the market mid-year (1"The Tan Sheet" May 28, 2007, p. 14)...

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