ChromaDex: Difference between revisions
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'''ChromaDex''' is a [[dietary supplement]] and [[food ingredient]] company based in [[Los Angeles, California]] founded in 1999 that is publicly traded on the NASDAQ. |
'''ChromaDex''' is a [[dietary supplement]] and [[food ingredient]] company based in [[Los Angeles, California]] founded in 1999 that is publicly traded on the NASDAQ. |
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In 2011, [[Dartmouth College]] announced it granted ChromaDex exclusive worldwide rights to a novel manufacturing process for [[nicotinamide riboside]] which it markets and sells as an ingredient under the brand name [[Tru Niagen]]. |
In 2011, [[Dartmouth College]] announced it granted ChromaDex exclusive worldwide rights to a novel manufacturing process for [[nicotinamide riboside]] which it markets and sells as an ingredient under the brand name [[Tru Niagen]]. The firm also offers [[contract research organization|contract research]] services for sourcing [[raw materials]], identifying new compounds, and developing processes for large scale manufacturing.<ref name="PPT">{{cite web|url=http://www.otcmarkets.com/stock/CDXC/profile|title=OTC Markets Stock Profile CDXC|date=|publisher=|pages=|quote=|accessdate=2016-03-21|work=OTC Markets}}</ref> ChromaDex licensed patents from the University of Mississippi and the [[USDA]] to commercially develop [[pterostilbene]] and sell the compound trademarked as pTeroPure via the company's BluScience product line.<ref name="DM">{{cite web |url= http://thedmonline.com/article/ole-miss-grants-exclusive-patent-rights-chromadex-corp |title= Ole Miss grants exclusive patent rights to ChromaDex Corp. |accessdate=2012-05-25 |last=Neeb|first=Matthew |date=2011-06-20 |work= |publisher=The Daily Mississippian |pages= |quote= }}</ref> ChromaDex no longer sells PteroPure.{{cn|date=October 2019}} |
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[[Elysium Health]] bought the ingredients in its "Basis" product from ChromaDex.<ref name=Wired>{{cite news|last1=Zhang|first1=Sarah|title=The Weird Business Behind a Trendy "Anti-Aging" Pill|url=https://www.wired.com/2016/07/confused-elysiums-anti-aging-drug-yeah-fda/|work=Wired|date=July 6, 2016}}</ref> The two firms had an agreement under which Elysium didn't have to acknowledge ChromaDex as the source of the ingredients, but then after Elysium recruited the head of manufacturing from ChromaDex and stopped paying ChromaDex, ChromaDex sued Elysium and the information became public.<ref name=TC>{{cite news|last1=Buhr|first1=Sarah|title=A new lawsuit alleges anti-aging startup Elysium Health hasn’t paid its sole supplier|url=https://techcrunch.com/2017/01/16/a-new-lawsuit-alleges-anti-aging-startup-elysium-health-hasnt-paid-its-supplier-and-is-in-breach-of-agreement/|work=TechCrunch|date=January 16, 2017}}</ref> |
[[Elysium Health]] bought the ingredients in its "Basis" product from ChromaDex.<ref name=Wired>{{cite news|last1=Zhang|first1=Sarah|title=The Weird Business Behind a Trendy "Anti-Aging" Pill|url=https://www.wired.com/2016/07/confused-elysiums-anti-aging-drug-yeah-fda/|work=Wired|date=July 6, 2016}}</ref> The two firms had an agreement under which Elysium didn't have to acknowledge ChromaDex as the source of the ingredients, but then after Elysium recruited the head of manufacturing from ChromaDex and stopped paying ChromaDex, ChromaDex sued Elysium and the information became public.<ref name=TC>{{cite news|last1=Buhr|first1=Sarah|title=A new lawsuit alleges anti-aging startup Elysium Health hasn’t paid its sole supplier|url=https://techcrunch.com/2017/01/16/a-new-lawsuit-alleges-anti-aging-startup-elysium-health-hasnt-paid-its-supplier-and-is-in-breach-of-agreement/|work=TechCrunch|date=January 16, 2017}}</ref> |
Revision as of 09:33, 1 February 2020
Company type | Public |
---|---|
Nasdaq: CDXC Russell 2000 Index component | |
Industry | Dietary supplements, food ingredients |
Founded | 1999 |
Headquarters | Los Angeles, California, United States |
Key people | Rob Fried (CEO) Frank Jaksch (Co-Founder, Executive Chairman) |
Products | Tru Niagen |
Website | www |
ChromaDex is a dietary supplement and food ingredient company based in Los Angeles, California founded in 1999 that is publicly traded on the NASDAQ.
In 2011, Dartmouth College announced it granted ChromaDex exclusive worldwide rights to a novel manufacturing process for nicotinamide riboside which it markets and sells as an ingredient under the brand name Tru Niagen. The firm also offers contract research services for sourcing raw materials, identifying new compounds, and developing processes for large scale manufacturing.[1] ChromaDex licensed patents from the University of Mississippi and the USDA to commercially develop pterostilbene and sell the compound trademarked as pTeroPure via the company's BluScience product line.[2] ChromaDex no longer sells PteroPure.[citation needed]
Elysium Health bought the ingredients in its "Basis" product from ChromaDex.[3] The two firms had an agreement under which Elysium didn't have to acknowledge ChromaDex as the source of the ingredients, but then after Elysium recruited the head of manufacturing from ChromaDex and stopped paying ChromaDex, ChromaDex sued Elysium and the information became public.[4]
References
- ^ "OTC Markets Stock Profile CDXC". OTC Markets. Retrieved 2016-03-21.
- ^ Neeb, Matthew (2011-06-20). "Ole Miss grants exclusive patent rights to ChromaDex Corp". The Daily Mississippian. Retrieved 2012-05-25.
- ^ Zhang, Sarah (July 6, 2016). "The Weird Business Behind a Trendy "Anti-Aging" Pill". Wired.
- ^ Buhr, Sarah (January 16, 2017). "A new lawsuit alleges anti-aging startup Elysium Health hasn't paid its sole supplier". TechCrunch.