Navigation Links
Pamlab Announces Agreement for Sale of Business to Nestle Health Science
Date:2/27/2013

COVINGTON, La., Feb. 27, 2013 /PRNewswire/ -- Pamlab, a specialty biomedical company taking a personalized nutritional approach with prescription medical foods for the brain health and metabolic health markets, today announced that it has signed an agreement to sell its business to Nestle Health Science for an undisclosed amount. Nestle Health Science aims to develop science-based nutritional solutions to deliver improved personalized healthcare for people with chronic medical conditions. This transaction is subject to regulatory approval.

Pamlab's innovative products, including Metanx®, CerefolinNAC®, and Deplin®, have helped address the nutritional management of metabolic issues associated with diabetic peripheral neuropathy, mild cognitive impairment, clinical depression respectively, and other diseases and conditions.

"We are excited to join forces with Nestle Health Science, and we share their commitment to personalized nutrition," said Eric Wingerter , Pamlab President and Chief Executive Officer. "With their support, we will accelerate the development and deployment of our innovative nutritional solutions for people with chronic metabolic and neurologic conditions. We are united by a common purpose, and a common culture, founded on our passion for patients to make a difference in people's lives."

"The acquisition of the Pamlab business is aligned with our strategic ambition to provide science-based nutritional solutions for people with chronic medical conditions. Pamlab will particularly strengthen our brain health platform and provide us an additional foothold in metabolic health in the U.S.," said Luis Cantarell , Nestle Health Science President and Chief Executive Officer. "By leveraging our nutrition heritage and U.S. operations with Pamlab's proven expertise in medical foods and strong sales force capabilities, together we can play a key role in helping to manage certain chronic diseases and improve the quality of patients' lives," he added.

Pamlab's capabilities strongly support Nestle Health Science's ambition of pioneering science-based nutritional solutions to deliver improved personalized healthcare for medical conditions.  Pamlab's expertise in providing unique, science-based solutions to address distinct nutritional needs in a variety of disease states including diabetes, depression, and mild cognitive impairment/early memory loss will help accelerate Nestle Health Science's business ambitions in metabolic health and brain health. In addition, Nestle Health Science will be able to leverage Pamlab's strong sales force capabilities and reach to promote science-based personalized nutritional solutions in the U.S.  This transaction will enable customers in the U.S. to benefit from an expanded range of products and services.

About Pamlab
Pamlab was founded by Sam and Judy Camp in 1987 and is a fully integrated biomedical company that employs approximately 400 people. Pamlab specializes in medical foods that are used under the medical supervision of health care providers to meet the distinct nutritional requirements of patients with diabetic neuropathy, dementia, depression, high-risk pregnancy and other medical conditions. Pamlab is committed to improving lives through the development and commercialization of products that enable physicians to provide greater individualized patient care. Pamlab's products are marketed and sold in the U.S., helping patients with diabetic peripheral neuropathy, dementia, depression, high-risk pregnancy and other medical conditions. Pamlab's corporate offices are located in Covington, Louisiana. For more information about Pamlab, please visit www.pamlab.com.

About Nestle Health Science
Nestle Health Science, a wholly-owned subsidiary of Nestle, was formed in January 2011 to spearhead the development of science-based personalized nutritional solutions. Building on its core HealthCare Nutrition business, the company has ambitions to address chronic conditions in the area of Gastrointestinal Health, Metabolic Health and Brain Health. Nestle Health Science offers nutritional solutions for people with specific dietary needs related to illnesses, disease states or the special challenges of different life stages. Nestle Health Science employs around 3,000 people worldwide and has its headquarters in Lutry, Switzerland. For more information, visit www.nestlehealthscience.com.


'/>"/>
SOURCE Pamlab
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. Elsevier Announces the Launch of a New Journal: Methods in Oceanography
2. PhUSE Announces Open Source Repository of Clinical Trial Informatics Analysis Code
3. Foundation for the NIH Announces Lurie Prize Recognizing Outstanding Achievement by a Young Biomedical Scientist
4. Auxilium Pharmaceuticals, Inc. Announces Fourth Quarter and Full Year 2012 Financial Results and Guidance for 2013
5. Innovative Therapies Inc (ITI) Announces New Executive Management Team of the Wound Care Therapy Division and New User Friendly Website
6. The Veterinary Bioscience Institute Announces its Roux-en-Y Gastric Bypass Surgery Model in Rodents
7. The Veterinary Bioscience Institute Announces a Mouse Surgery Webinar Series
8. Genomic Health Announces Results from Two Studies Demonstrating Innovations in Next Generation Sequencing From Paraffin Tissue, Enhancing Understanding of Tumor Biology
9. FibeRio® Technology Corporation Announces Strategic Investment Financing Led by SABIC and Aster Capital
10. DuPont Tate & Lyle Bio Products Announces Winner of Zemea® Innovation Award
11. Sensus Healthcare Announces its Exhibitor Attendance at the 71st Annual American Academy of Dermatology Meeting
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... , ... June 23, 2016 , ... ... YM (Yeast and Mold) microbial test has received AOAC Research Institute approval 061601. ... microbial tests introduced last year,” stated Bob Salter, Vice President of Regulatory and ...
(Date:6/23/2016)...  The Biodesign Challenge (BDC), a university competition that ... living systems and biotechnology, announced its winning teams at ... New York City . The teams, ... at MoMA,s Celeste Bartos Theater during the daylong summit. ... curator of architecture and design, and Suzanne Lee ...
(Date:6/23/2016)... (PRWEB) , ... June 23, 2016 , ... ... today announced the launch of the Supplyframe Design Lab . Located in ... to explore the future of how hardware projects are designed, built and brought ...
(Date:6/23/2016)... NC (PRWEB) , ... June 23, 2016 , ... In ... University Hospital in Denmark detail how a patient who developed lymphedema after being treated ... tissue. The results could change the paradigm for dealing with this debilitating, frequent side ...
Breaking Biology Technology:
(Date:6/9/2016)... , June 9, 2016 ... Police deploy Teleste,s video security solution to ensure the safety ... France during the major tournament Teleste, ... communications systems and services, announced today that its video security ... to back up public safety across the country. ...
(Date:6/2/2016)... June 2, 2016 Perimeter Surveillance ... Unmanned Systems, Physical Infrastructure, Support & Other Service  ... visiongain offers comprehensive analysis of the global ... will generate revenues of $17.98 billion in 2016. ... Inc, a leader in software and hardware technologies for ...
(Date:5/12/2016)... , May 12, 2016 WearablesResearch.com , ... published the overview results from the Q1 wave of ... recent wave was consumers, receptivity to a program where ... with a health insurance company. "We were ... share," says Michael LaColla , CEO of Troubadour ...
Breaking Biology News(10 mins):