Plus   Neg

Nestlé Health Science To Buy IM HealthScience; Financial Terms Not Disclosed

Nestlé Health Science, a unit of Swiss food major Nestlé (NSRGY.PK,NSTR.L), announced Tuesday that it has agreed to acquire the business of privately held IM HealthScience with its brands of IBgard, FDgard, Fiber Choice and REMfresh.

Boca Raton, Florida -based IM HealthScience or IMH was founded in 2013 by a team of pharmaceutical research and development and management executives. IMH is the innovator of IBgard and FDgard for the dietary management of Irritable Bowel Syndrome and Functional Dyspepsia, respectively.

In 2017, IMH added Fiber Choice, a line of prebiotic fibers, to its product line through an acquisition. REMfresh is a continuous release-and-absorption melatonin supplement for sleep.

IBgard, FDgard, Fiber Choice and REMfresh are available for purchase online and at retailers in the United States and Canada.

Greg Behar, CEO of Nestlé Health Science, said, "The IMH products offer proven and trusted solutions for dietary management of specific digestive problems as well as a separate solution for regulating sleep. IMH's dedication to developing products to address overall health and wellness by bringing cutting-edge life science and world class research fits perfectly with our mission of empowering healthier lives through nutrition."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook said Tuesday that it has helped 4.4 million people register to vote for the upcoming U.S. presidential election on November 3, exceeding the tech giant's goal of helping 4 million voters to register. In June, Facebook said it created a new Voting Information Center to provide users with authoritative information, including how and when to vote. Facebook has launched cloud-streamed games in the Facebook app and on browser, which are playable instantly, with no downloads required. These cloud-streamed games can be played right alongside those playing instant games in HTML5. The access to cloud games on Facebook will roll out in the US, initially across California, Texas and Northeast and Mid-Atlantic states. Microsoft Corp. has joined with Adobe Inc. and enterprise AI software provider C3.ai to launch a new tool that would help customers to accurately forecast revenue and product demand, among other things. The C3 AI CRM powered by Microsoft Dynamics 365 would provide an integrated suite of industry-specific AI-enabled CRM solutions including marketing, sales, and customer service.
Follow RTT