11.01.01
Hauser, Boulder, CO, has signed an exclusive agreement with Pharmanex, Provo, UT. Under terms of the agreement, Hauser will supply Policor™, its patented policosanol product, to Pharmanex for use in the company’s new and improved Cholestin® dietary supplement. Pharmanex also includes the ingredient in its CardioFormula, which is marketed for cardiovascular health. The agreement provides Pharmanex exclusive rights to the ingredient within the multilevel marketing channel.
Prior to this agreement, Hauser had exercised its option to purchase the patented technology and the intellectual property rights related to policosanol, which is extracted from the wax of honeybees. Hauser licensed the technology from a developmental start-up company and as a part of the transaction, Hauser acquired the rights to U.S. Patent No. 6,225,354, which covers the manufacturing, composition and use of policosanol.
Prior to this agreement, Hauser had exercised its option to purchase the patented technology and the intellectual property rights related to policosanol, which is extracted from the wax of honeybees. Hauser licensed the technology from a developmental start-up company and as a part of the transaction, Hauser acquired the rights to U.S. Patent No. 6,225,354, which covers the manufacturing, composition and use of policosanol.