Provexis bemoans lack of functional food acquisitions

By Ben Bouckley

- Last updated on GMT

Related tags: Nutrition

Provexis bemoans lack of functional food acquisitions
Windsor-based functional and medical food firm Provexis is actively seeking to acquire technology firms in the sector, with ceo Stephen Moon stating that its lack of purchases over the past six months has been “disappointing”.

Announcing its interim results for the six months ending September 30 2010, the life sciences firm said that the supply chain for its flagship product Fruitflow (launched at Health Ingredients Europe in Madrid last month) is secure, with commercial partner DSM is in “discussions with potential customers in all major global markets” ​for it.

‘Platelet smoothing’ tomato extract Fruitflow currently comes in a syrup form suitable for beverages and dairy, with the heart health ingredient the only nutrient currently approved by EFSA (the European Food Safety Authority) on the basis of an article 13.5 proprietary science claim.

The EU-approved claim allows associated product packaging to state, “helps maintain normal platelet aggregation, which contributes to healthy blood flow”​ at an agreed optimum dose of 3g.

Dys-functional times?

Provexis is also currently conducting human trials on NSP#3G, its plantain extract to treat Crohn’s disease, but with a cash balance of £8.3m, Moon stressed the firm’s “significant focus on an acquisition strategy to strengthen the pipeline further”.

“While it is disappointing that no acquisitions have been made during the period, the board will continue to maintain a strict assessment of opportunities based around scientific credibility, intellectual property protection, value and commercial potential,”​ Moon said.

And despite the success of Fruitflow, he warned that “economic uncertainty and the uncertainty caused by the new European Commission health claims legislation” ​meant brand owners greeted innovation strategies with caution.

Related topics: Fruit, vegetable, nut ingredients

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1 comment

fruitflow

Posted by sircogold,

It sseems to me this is a superb and proven product, which should be made as widely available as soon as possible.Its implications for the maintainence of heart health and a natural alternative to apirin are a major advance.

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