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| NBJ's Weekly News Update November 3, 2009 |
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REGULATORY NEWS FDA Letter to P&G Marks Agency’s Fourth Drug-Dietary Supplement Combo Warning November 3, 2009 After retracting its warning letter to Procter & Gamble on October 14 and blaming a computer error for its release, the U.S. Food and Drug Administration (FDA) formally issued another warning on October 29 notifying the company that its Vicks DayQuil Plus Vitamin C and Vicks NyQuil Plus Vitamin C are being illegally marketed as “drug-dietary supplement” combination products. The FDA considers the Vicks products misbranded because their labels do not identify vitamin C as an active drug ingredient. Read More. MARKET RESEARCH 2009 NBJ Raw Material & Ingredient Supply Web Seminar: Nov. 17 The world is changing for companies that manufacture and supply raw materials and ingredients for the U.S. nutrition industry—and 2009 is proving to be another eventful year for the raw material & ingredient supply industry. Whether they manufacture raw materials or move ingredients into the market as brokers and distributors, supply companies face a number of opportunities and challenges created by everything from growing consumer concerns over supply safety to the continued impact of new supplement good manufacturing practices on the ingredient supply chain. Raw material suppliers also must deal with the issue of rising input costs and the effect of currency fluctuations while facing reduced or delayed purchase orders from their finished product customers. Read More NBJ SURVEYS Attention Global Dietary Supplement Manufacturers/Marketers Nutrition Business Journal, in cooperation with the International Alliance of Dietary/Food Supplement Associations (IADSA), is conducting a detailed survey of the global dietary supplement industry to support NBJ's market quantification and to determine industry trends and the importance of key market drivers. Your responses will aid in our 2009 analysis of the Global Nutrition Industry, which will be covered in our November/December issue. Click Here to begin the survey. EVENT NEWS Did you Miss the NBJ Summit Extension: Internet Marketing & Sales Session? With the enormous growth of Facebook, LinkedIn, Twitter and YouTube in the last 18 months, only now are best Internet marketing practices for the nutrition industry emerging. The NBJ Summit Extension—which was held on September 24 at Natural Products Expo East—brought many of those practices to the forefront in a strategic and tactical session on Internet Marketing. You can now purchase a DVD of this event. Read more  SUPPLEMENT NEWS From Industry to Congress, Support Builds for Allowing Drug-to-Supplement Switch for New Ingredients November 3, 2009 Co-chairs of the Congressional Dietary Supplement Caucus wrote to the U.S. Food and Drug Administration (FDA) on October 22 asking the agency to allow supplement manufacturers to seek its approval for ingredients that were the subject of unsuccessful new drug applications. The Congress members—Democrats Jared Polis of Colorado and Robert Wexler of Florida and Republicans Jason Chaffetz of Utah and Dan Burton of Indiana—asked the FDA to make use of a dormant section of the 1994 Dietary Supplement Health and Education Act (DSHEA) that allows for companies to seek the FDA’s approval for new dietary supplement ingredients that had been clinically studied for potential drug applications. Read More. GLOBAL NEWS Sanofi-Aventis Plans Plunge into China’s Vitamin and Mineral Market with New Joint Venture November 3, 2009 The French pharmaceutical company Sanofi-Aventis announced in late October that it intends to form a joint venture with the Minsheng Pharmaceutical Group to make vitamin and mineral products for the Chinese market. The agreement marks Sanofi-Aventis’s first foray into China’s burgeoning over-the-counter (OTC) product market—which Oliver Charmeil, the company’s senior vice president for pharmaceutical operations in Asia/Pacific and Japan, said is expected to become the world’s second largest OTC market by next year. Minsheng Pharmaceutical Group, which is based in Hangzhou, currently produces the most popular supplements in China, the 21-Super Vita multivitamin-multimineral tablets. Sanofi-Aventis will own a majority share in the joint venture; other financial details were not disclosed. Read More. INDUSTRY NEWS Perrigo Flying High Despite Losing Leiner Bidding War Last Year November 3, 2009 Perrigo Co.—one of the top-five supplement sellers in the United States, according to Nutrition Business Journal sales estimates—announced record earnings for the first quarter of its fiscal year ended September 26, 2009. Perrigo’s net sales shot up 16% to $528 million, with its store brands growing nearly 13% and its over-the-counter (OTC) category growing 3%. Perrigo’s consumer healthcare division—which supplies more than 15 categories and 500 formulas including OTC remedies, dietary supplements and nutritional drinks—added $71 million in new sales for the quarter, an increase of 19%. Read More. NBJ NEWS Follow NBJ on LinkedIn Follow NBJ and stay up to date on the latest industry happenings. Follow the NBJ Summit, the leading networking group in the nutrition industry. Follow NBJ on Twitter Follow NBJ’s Twitter feed and stay up to date on the latest industry headlines. 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