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Nu Skin Secures Future In Genetics Of Aging With LifeGen Acquisition

This article was originally published in The Tan Sheet

Executive Summary

Nu Skin Enterprises acquires LifeGen Technologies for $11.7 million to ensure that the direct seller’s anti-aging business continues to benefit from LifeGen’s research into the genetic basis for aging.

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Nu Skin Unfazed By Allegations Of China Violations, Projects More Growth

Following allegations from short seller Citron Research that it operates a “pyramid compensation scheme” in China, Nu Skin gives investors a peek into its business model. The firm recorded sales growth of 40% in its second quarter, driven by a 152% jump in China, and “the best is yet to come,” Nu Skin says.

Nu Skin Unfazed By Allegations Of China Violations, Projects More Growth

Following allegations from short seller Citron Research that it operates a “pyramid compensation scheme” in China, Nu Skin gives investors a peek into its business model. The firm recorded sales growth of 40% in its second quarter, driven by a 152% jump in China, and “the best is yet to come,” Nu Skin says.

New Products In Brief

Crest Pro-Health Complete Rinse: Newest member of Procter & Gamble/Crest's Pro-Health family is Complete Rinse, designed for "comprehensive oral care." Product offers six key benefits, helping to rebuild enamel, prevent cavities, clean teeth and gums, kill germs that cause bad breath and freshen breath, according to Oct. 7 release. The sixth benefit of Crest Pro-Health Complete Rinse is "no burn of alcohol." Available in Fresh Mint and Clean Mint varieties, the new rinse also contains fluoride. Johnson & Johnson offers a similar 6-in-1 solution for oral hygiene - Listerine Total Care Anticavity Mouthwash. Marketing for that product drew a warning letter from FDA, which said the company was making unapproved drug claims. A related class-action suit has since been filed against the company (1"The Rose Sheet" Oct. 11, 2010, In Brief)

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