Welcome to our dedicated page for Chromadex news (Ticker: CDXC), a resource for investors and traders seeking the latest updates and insights on Chromadex stock.
About Chromadex Corp
Chromadex Corp (CDXC) is a globally recognized integrated nutraceutical and bioscience company committed to improving the quality of life through advanced research on healthy aging. The company is deeply invested in understanding the mechanisms by which cellular processes, particularly those involving nicotinamide adenine dinucleotide (NAD+), impact the aging process. With a core focus on innovative science, Chromadex has developed a multifaceted business model that spans from research breakthroughs to commercially available consumer products, ensuring that its scientific discoveries translate into meaningful daily benefits.
Business Model and Core Segments
Chromadex’s operational framework is built on three primary segments that work in unison to deliver high-quality, science-based nutraceutical innovations:
- Consumer Products: This segment is primarily responsible for marketing and distributing products directly to the consumer market. Its portfolio features formulations designed to support healthy aging by leveraging proprietary, scientifically validated ingredients. The company’s flagship product, built around the NAD+ precursor nicotinamide riboside (NR), exemplifies its commitment to translating rigorous research into everyday solutions.
- Ingredients Segment: Focused on the development and licensing of novel ingredients, this segment utilizes high-caliber scientific research to create bioactive compounds. These innovations are targeted for use in various applications, ranging from dietary supplements to functional foods, ensuring that the expertise of Chromadex is shared widely across the industry.
- Analytical Reference Standards and Services: This area underpins the rigorous quality control and analytical validation processes that are crucial to research and product development. By offering specialized standards and services, Chromadex supports both internal development and external quality assurance needs in a scientifically robust manner.
Research and Innovation
At the heart of Chromadex’s operations is a steadfast commitment to research and development. The company partners with leading universities and research institutions worldwide to explore the potential of critical biochemical pathways related to aging. This collaborative approach not only strengthens its research capabilities but also ensures that the ingredients developed are based on solid scientific evidence. The integration of cutting-edge bioscience and precise analytical methodologies solidifies its position as a trusted name in the nutraceutical industry.
Market Position and Competitive Differentiation
Chromadex distinguishes itself by focusing on the intersection of scientific innovation and consumer wellness. Its emphasis on NAD+ research, an area that has increasingly become synonymous with the study of aging and cellular health, sets it apart in a competitive landscape that includes various bioscience and nutraceutical companies. The company’s multidimensional approach, which bridges direct consumer engagement with deep scientific inquiry, provides a unique value proposition that caters both to health-conscious individuals and to industry partners seeking high-quality, science-backed ingredients.
Commitment to Transparency and Quality
Transparency in research and product development is a core tenet of Chromadex’s philosophy. Every stage of its process—from initial scientific exploration to the final formulation—undergoes rigorous analytical review and quality control. This disciplined approach reassures consumers and industry collaborators alike, fostering trust and establishing Chromadex as a reliable source of scientifically supported nutraceutical innovations.
Integrating Science and Consumer Wellness
The company’s approach is marked by a detailed understanding of biochemical processes and a commitment to translating this expertise into practical health solutions. With its diversified business segments, Chromadex not only addresses the needs of a broad consumer base but also solidifies its reputation among researchers and industry experts. Its dedicated exploration of key ingredients such as nicotinamide riboside, alongside other innovative compounds, continues to influence the realm of healthy aging and functional nutrition.
ChromaDex Corp. (NASDAQ:CDXC) reported fiscal year 2021 net sales of $67.4 million, a 14% increase from 2020, driven by Tru Niagen® sales of $56.7 million. Fourth quarter sales reached $17.8 million, up 15%, while gross margins improved to 61.5%. Despite a net loss of $5.3 million for Q4, the company experienced reduced losses year-over-year. Looking ahead, ChromaDex expects 15-20% revenue growth in 2022, supported by e-commerce and strategic partnerships. The company plans to focus on brand awareness and R&D.
ChromaDex Corp. (NASDAQ:CDXC) announced positive results from a Phase I clinical trial investigating its proprietary ingredient Niagen® in Parkinson’s disease (PD) patients. The study demonstrated a significant increase in cerebral NAD levels and a reduction in inflammatory cytokines. The trial involved 30 newly diagnosed patients, with results indicating improved brain metabolism and mild clinical enhancements. A Phase II study is ongoing, aiming to evaluate NR supplementation in 400 PD patients, thus positioning NR as a potential neuroprotective therapy.
ChromaDex Corp. (NASDAQ:CDXC) will host a conference call on March 9, 2022, at 4:30 p.m. ET, to discuss its Q4 2021 financial results, reported after market hours. The call will also cover general business updates. Interested participants are encouraged to dial in 10 minutes prior to the start time. The conference call can be accessed here and will be available for replay until March 16, 2022.
ChromaDex Corp. (NASDAQ: CDXC) announced the granting of a continuation patent for its key ingredient, Niagen®, a form of nicotinamide riboside (NR). This patent enhances its intellectual property protection, bringing the total to over 40 patents related to NR and NAD precursors. The new U.S. Patent No. 11,242,364, which expires on Nov. 10, 2037, secures the manufacturing processes of NR and its salt forms, supporting potential future innovations. CEO Rob Fried emphasizes the significance of NR in healthy aging.
ChromaDex Corp. (NASDAQ:CDXC) announced results from its 18th clinical trial on Niagen®, a nicotinamide riboside ingredient. Published in the Journal of Clinical Investigation, the study demonstrated that NR supplementation reduces Type-I interferon signaling, which is significant for immune response, particularly in young individuals and lupus patients. Conducted with 35 volunteers, the pilot study supports the potential anti-inflammatory properties of NR, with researchers advocating for further studies on its effects in autoimmune disorders.
ChromaDex (NASDAQ:CDXC) has entered into a supply agreement with Designs for Health, a U.S.-based dietary supplement manufacturer. The partnership will incorporate Niagen®, a patented form of nicotinamide riboside, into multi-ingredient products exclusively for healthcare practitioners.
This collaboration aims to enhance the distribution of Niagen® in the U.S., Canada, and Australia, leveraging Designs for Health's established network. Both companies emphasize the importance of providing science-backed health solutions to improve consumer education regarding NAD+.
ChromaDex Corp. (NASDAQ:CDXC) reported third quarter 2021 net sales of $17.3 million, a 22% increase year-over-year. Notably, Tru Niagen® sales reached $14.8 million, up 24%. Despite improved gross margin at 61.1%, the company incurred a net loss of $(8.9) million, deteriorating from $(4.2) million last year. Operating expenses rose to $19.4 million, due in part to increased legal costs. Looking ahead, ChromaDex anticipates continued revenue growth driven by its e-commerce strategy and strategic partnerships, while investing in brand awareness and R&D.
ChromaDex announced promising results from a clinical study on nicotinamide riboside (NR) for patients with ataxia-telangiectasia (AT), a rare neurodegenerative disorder. Conducted by Radboud University Medical Center, the study demonstrated that NR improved ataxia scores and increased immunoglobulin levels in 24 participants, including 17 children. Patients received 25mg/kg of NR daily for four months. Though results are encouraging, further research is needed to confirm the therapeutic potential of NR for AT.
ChromaDex Corp. (NASDAQ:CDXC) will hold a conference call on November 3, 2021, at 4:30 p.m. ET to discuss its third quarter financial results for the period ending September 30, 2021. The results will be disclosed in a press release after market close on the same day. Interested participants should call in 10 minutes prior to the call, with details provided. A replay will be available from 7:30 p.m. ET on November 3 until 11:59 p.m. ET on November 10. ChromaDex focuses on healthy aging, pioneering research around NAD+ and its products.
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