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GUARDION HLTH SCIENCS INC - GHSI STOCK NEWS

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Guardion Health Sciences, Inc. (Nasdaq: GHSI) is a pioneering clinical nutrition company dedicated to improving health through science-based, clinically supported dietary supplements and medical foods. Specializing in solutions for age-related health issues, the company leverages the latest advancements in science and technology to address conditions like age-related macular degeneration (AMD), bone health, eye health, cardiovascular health, and brain health.

Guardion's flagship product, Lumega-Z, is a scientifically formulated medical food designed to restore and maintain macular protective pigment, crucial for combating AMD. Ingredients in Lumega-Z are also believed to support other eye conditions, adding to the product's broad utility.

Core Offerings

  • Clinically supported dietary supplements
  • Medical foods

The company's product portfolio includes essential nutrients like Calcium, Vitamin D, Vitamin K, Carotenoids, and Omega-3s. These are designed to deliver comprehensive health benefits to consumers, healthcare professionals, and their patients.

Recent Achievements

  • The Viactiv® product line reported a 6% revenue increase for the six months ended June 30, 2023, compared to the same period in 2022.
  • Robust growth in the Amazon sales channel, a testament to the company's focus on eCommerce initiatives.

In 2024, the company is undergoing significant developments. Institutional Shareholder Services (ISS) has recommended that stockholders vote in favor of proposals related to the sale of the company’s Viactiv brand and subsequent liquidation and dissolution. These proposals promise potential liquidating cash distributions that are expected to surpass recent stock prices, signaling a strategic pivot and potential value generation for stockholders.

Guardion Health Sciences actively collaborates with healthcare professionals and utilizes the expertise of its Science Advisory Board to educate the public on the importance of medical foods and nutrition. This commitment to health education underscores the company's mission to promote overall well-being through scientifically validated nutritional solutions.

Contact Information

For more details, you can reach out to Investor Relations at investors@guardionhealth.com or call 1-800-873-5141 Ext 208.

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Guardion Health Sciences (Nasdaq: GHSI) announced its inclusion in the Russell 3000 Index effective June 28, 2021. This recognition is expected to enhance the company's visibility and attract more institutional investors. The Russell Indexes track companies based on market capitalization, with over $10.6 trillion in assets benchmarked against them. This inclusion will also automatically place Guardion in related growth and value style indexes for the year.

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Guardion Health Sciences has appointed Craig J. Sheehan as Chief Commercial Officer. Sheehan, previously responsible for the successful Viactiv brand at Adare Pharmaceuticals, will oversee commercialization strategies following Guardion's acquisition of Activ Nutritional. With a strong background in marketing and brand growth, his leadership aims to enhance Guardion's market presence in the clinical nutrition sector. CEO Bret Scholtes expressed confidence in Sheehan's capabilities to strengthen the company's marketing initiatives, vital for long-term success.

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Guardion Health Sciences, Inc. (GHSI) has completed its acquisition of Activ Nutritional, LLC from Adare Pharmaceuticals for $26 million. This strategic move aims to enhance Guardion's position in the clinical nutrition market, specifically through the Viactiv® line of mineral supplements. The acquisition is expected to significantly boost Guardion's operational revenues and expand its marketing capabilities across various distribution channels. Guardion plans to explore further growth opportunities within clinical nutrition, moving beyond its ocular health focus.

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Guardion Health Sciences (NASDAQ: GHSI) announced that CEO Bret Scholtes will present a corporate overview at the LD Micro Virtual Invitational Conference from June 8-10, 2021. Scholtes’ presentation is scheduled for June 9 at 12:30 PM ET, Track 2. Investors can register to attend the presentation through the provided link. Guardion specializes in clinical nutrition, supplements, and diagnostics aimed at supporting health goals, with a strong advisory board of experienced professionals in the healthcare sector.

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Guardion Health Sciences (GHSI) announced an acquisition of Activ Nutritional, LLC for $26 million as part of its growth strategy in the clinical nutrition market. This deal, expected to close by June 30, 2021, will enhance Guardion's product portfolio with the Viactiv supplement line, currently sold at major retailers like Walmart and Amazon. CEO Bret Scholtes emphasized that this acquisition expands Guardion's market presence beyond ocular health, boosting revenue and operating earnings while allowing exploration of additional opportunities in clinical nutrition.

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Guardion Health Sciences (GHSI) reported financial results for Q1 2021, with total revenue of $233,297, down 5% from the previous year. The net loss widened to $(2,669,525) or $(0.13) per share, compared to $(2,346,913) or $(0.18) per share in Q1 2020. Cash reserves stood at $43,329,674. The company completed a $35 million equity financing and initiated a clinical trial for its GlaucoCetin® product. Recent product approvals in Malaysia for its immune support supplements are expected to bolster growth.

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Guardion Health Sciences (Nasdaq: GHSI) has launched a placebo-controlled clinical trial assessing the efficacy of GlaucoCetin® in improving visual function in glaucoma patients. This 12-week study will involve 100 participants, evaluating changes in visual field sensitivity and quality of life among those with central or peripheral vision loss. The trial aims to support Guardion's focus on developing clinically backed medical foods aimed at enhancing mitochondrial activity in optic nerve cells, which are critical for vision.

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Guardion Health Sciences (GHSI) reported a significant revenue increase of 109% for 2020, totaling $1,889,844 compared to $902,937 in 2019. Despite this growth, the company faced a net loss of $(8,571,657), although this was an improvement from $(10,878,308) in 2019. The company undertook a 1-for-6 reverse stock split effective March 1, 2021, to comply with Nasdaq listing rules. Recent financing raised $35 million to support growth and strategic acquisitions, with a cash balance of $45.7 million post-financing.

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Guardion Health Sciences (GHSI) has successfully regained compliance with Nasdaq's minimum bid price requirement on March 15, 2021, after its common stock closed above $1.00 per share for ten consecutive trading days. This follows a history of non-compliance starting from September 2019, with extensions granted due to COVID-19 impacts. The company had faced potential delisting but responded timely to Nasdaq’s notifications, securing its continued listing.

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Guardion Health Sciences, Inc. (NASDAQ: GHSI) announced that CEO Bret Scholtes will present at Maxim Group's Inaugural Emerging Growth Virtual Conference on March 17-18, 2021. Investors can register to view the presentation and request a 1x1 meeting with Scholtes post-conference. Guardion specializes in clinical nutrition and diagnostics, offering evidence-based nutritional supplements and medical foods. The company's growth is backed by a strong advisory board and aims to enhance health outcomes, particularly in the eye care industry.

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FAQ

What is the current stock price of GUARDION HLTH SCIENCS (GHSI)?

The current stock price of GUARDION HLTH SCIENCS (GHSI) is $3.26 as of October 15, 2024.

What is the market cap of GUARDION HLTH SCIENCS (GHSI)?

The market cap of GUARDION HLTH SCIENCS (GHSI) is approximately 4.4M.

What does Guardion Health Sciences, Inc. specialize in?

Guardion Health Sciences specializes in clinical nutrition and develops science-based dietary supplements and medical foods.

What is Lumega-Z?

Lumega-Z is a medical food formulated by Guardion Health Sciences to restore and maintain macular protective pigment, crucial for combating age-related macular degeneration.

What recent financial achievements has Guardion Health Sciences reported?

The Viactiv® product line saw a 6% revenue increase for the six months ended June 30, 2023, compared to the same period in 2022.

What nutrients are included in Guardion's products?

Guardion's products include essential nutrients such as Calcium, Vitamin D, Vitamin K, Carotenoids, and Omega-3s.

What are the latest developments for Guardion Health Sciences in 2024?

In 2024, Guardion Health Sciences is planning the sale of its Viactiv brand, followed by liquidation and dissolution, which could lead to liquidating cash distributions for shareholders.

How is Guardion Health Sciences addressing age-related health issues?

Guardion Health Sciences applies the latest science and technology to develop clinically supported dietary supplements and medical foods targeting age-related health issues.

Who can benefit from Guardion Health Sciences' products?

Consumers, healthcare professionals, and their patients can benefit from Guardion's science-based nutritional solutions.

How can I contact Guardion Health Sciences for more information?

You can contact Guardion Health Sciences via email at investors@guardionhealth.com or call 1-800-873-5141 Ext 208.

What role does the Science Advisory Board play at Guardion Health Sciences?

The Science Advisory Board provides expertise and guidance to advise healthcare professionals and the public on the importance of medical foods and nutrition.

What focus areas does Guardion Health Sciences cover in their product offerings?

Guardion Health Sciences covers areas such as bone health, eye health, cardiovascular health, and brain health in their product offerings.

GUARDION HLTH SCIENCS INC

Nasdaq:GHSI

GHSI Rankings

GHSI Stock Data

4.39M
1.33M
1.3%
21.1%
1.73%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
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