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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 f
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