PURCHASE, N.Y.--(BW HealthWire)--July 31, 2002--Nutrition 21, Inc (NASDAQ:NXXI), a leading developer and marketer of nutrition products formulated with chromium and other trace minerals, is pleased to announce that it has entered into a three-year exclusive supply agreement for the manufacture of its Chromax(R) chromium picolinate with Nepcam Inc., a subsidiary of Nepera, Inc., Harriman, New York, a Rutherford Chemicals Company.
"Nutrition 21 is extremely pleased to continue its working relationship with Nepcam," said Gail Montgomery, President and CEO of Nutrition 21. "The estimated $17 billion US functional food market is growing at double digit rates and with the recent approval of Chromax as safe for use in foods, Nutrition 21 anticipates an increasing demand for chromium picolinate across a wide range of products. Nepcam is well-positioned to meet our anticipated manufacturing requirements and their technical capabilities will assure that our products meet the strict quality guidelines required to participate in the food and pharmaceutical markets. Furthermore, we are looking forward to Nepcam's active involvement in our research and development efforts. This collaboration should enable us to accelerate our product development and launch efforts," added Montgomery.
Susan Ostrowski, Vice President, Sales & Marketing, Rutherford Chemicals added, "Nepcam has the technology and manufacturing experience to meet Nutrition 21's stringent requirements for production of chromium picolinate for human consumption. We are excited about the growth prospects of potential new applications for both human and animal health. Our collaborative product development approach is geared to help our customers capture new product opportunities quickly."
Nutrition 21 is a leading developer and marketer of nutritional products whose health benefits have been substantiated by clinical research. The market leader in nutritional chromium, Nutrition 21 currently holds 36 patents for nutrition products, 25 for chromium compounds and their uses. More information is available at www.nutrition21.com.
About Rutherford Chemicals
Rutherford Chemicals, Inc, a leading supplier of specialty and fine chemicals, is a subsidiary of Cambrex Corporation (NYSE:CBM). Nepera, Inc. Harriman, New York, has over a 70-year history supplying products to the nutrition, human and animal health, and agriculture markets.
Cambrex is a global, diversified life science company dedicated to providing high quality products and services to accelerate the drug discovery, development, and manufacturing process for their customers focused on health and the prevention of disease; pharmaceutical, biopharmaceutical, and biotechnology companies, and research organizations. The company employs approximately 2000 worldwide. For more information on Cambrex, please visit our website at www.cambrex.com.
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