White Bear Lake, MN - Effective the beginning of 2004, Chemi Nutra will become the new corporate name of Chemi Nutraceuticals. The reason for the name change is to bring into harmony the names of the two US business units founded by Chemi S.p.A., Milan, Italy. With the establishment of its second US business unit, Chemi Pharma, Exton, PA, which began operation in October, 2003, Chemi now has a separate business devoted to both the nutritional supplement / functional food and pharmaceutical industries.
“The new name is a direct reflection of Chemi’s ongoing commitment to the health products industries in North America, and it provides corporate consistency in the names of Chemi’s two companies”, said Scott Hagerman, president of Chemi Nutra.
Chemi Nutra is the US business unit of parent company Chemi S.p.A., a privately held pharmaceutical and nutraceutical company based in Milan, Italy. Chemi, with cGMP certified manufacturing facilities in Italy and Brazil, is best known in the US nutritional arena for its introduction of phosphatidylserine (PS), the popular dietary supplement which has been granted two health claims by the FDA, and is used to enhance learning, memory, and concentration.