Industry News Roundup
This article was originally published in The Tan Sheet
Natural Alternatives International sales increase; Fresh Promise Foods secures funding; Youngevity expands supplement portfolio; GelStat expands convenience store distribution; U.S. Marshals seize kratom; Herbal Vigor, Arize are adulterated; and lead found in children’s product.
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CEO Larry Gershman says GelStat will launch a marketing campaign to support extending its products for the first time to retail stores. The firm changed its sublingual migraine homeopathic to a single dose from two doses taken five minutes apart.
J&J reports worldwide consumer sales dipped 0.6% to $3.6 billion despite retailers buying more upper respiratory and analgesic products to prepare for the cough and cold season. But in key OTC categories the firm is regaining market share it lost when its iconic brands were temporarily not available.
GlaxoSmithKline restructures its management to ensure adequate focus on its three core areas, pharmaceutical, vaccine and consumer. Consumer product sales fell 3% to $1.72 billion in the third quarter due to continuing supply interruptions and generally weaker markets.