Pharmanex
This article was originally published in The Tan Sheet
Executive Summary
Q2 sales total $95.3 mil., down 1% on reported basis, but up 10% in local currency terms. Sales boosted by relaunch in Japan of company's LifePak supplements, reformulated to capsules from tablets. In addition, 30% of firm's sales during period were generated by automatic monthly reorders, an increasingly important transaction to the business, Pharmanex notes. Outside U.S., sales for Cholestin rose 10% from first quarter. Reformulated version of the supplement, excluding red yeast rice, launched stateside in July (1"The Tan Sheet" July 16, In Brief)