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:4/21/2017)... ... , ... Frederick Innovative Technology Center, Inc. (FITCI), a business ... earned a $77,518 grant from the Rural Maryland Council (RMC) to support refurbishment ... first incubator. A non-profit corporation, FITCI is a public-private partnership of the governments ...
(Date:4/20/2017)... ... 20, 2017 , ... USDM Life Sciences , the leading risk management, ... is pleased to announce Holger Braemer as Vice President of its Europe ... in Germany. , Braemer is an integral part of USDM’s expansion of services ...
(Date:4/20/2017)... ... April 20, 2017 , ... Energetiq Technology ... announced today that Chief Executive Officer (CEO) Debbie Gustafson has been appointed to ... global industry association connecting the electronics manufacturing supply chain. The mission of the ...
(Date:4/20/2017)... N.J. and PETACH TIKVAH, Israel ... BCLI), a leading developer of adult stem cell technologies for ... Executive Officer, will present at the Alliance for Regenerative Medicine,s ... Day on Thursday, April 27, 2017 at 09:40 EDT in ... Ralph Kern , MD, MHSc, Chief Medical Officer & ...
Breaking Biology Technology:
(Date:4/19/2017)... , April 19, 2017 ... its vendor landscape is marked by the presence of ... is however held by five major players - 3M ... these companies accounted for nearly 61% of the global ... leading companies in the global military biometrics market boast ...
(Date:4/13/2017)... Calif. , April 13, 2017 UBM,s ... York will feature emerging and evolving technology ... Both Innovation Summits will run alongside the expo portion ... speaker sessions, panels and demonstrations focused on trending topics ... largest advanced design and manufacturing event will take place ...
(Date:4/11/2017)... Research and Markets has announced the addition ... their offering. ... tracking market to grow at a CAGR of 30.37% during the ... 2017-2021, has been prepared based on an in-depth market analysis with ... its growth prospects over the coming years. The report also includes ...
Breaking Biology News(10 mins):