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Interleukin Sells Nutrition Branch for $4.6M

Jul 02, 2009

NEW YORK (GenomeWeb News) – Interleukin Genetics said today that it has sold its Alan James Group business to Pep Products, a subsidiary of Nutraceutical Corporation, for around $4.6 million in cash.

The Alan James Group is based in Boca Raton, Fla., and it markets nutritional supplements.

"While the Alan James Group business saw an increase in sales during the last fiscal year and we were able to introduce two new products in the last seven months, this transaction allows us to focus our efforts on growing our core genetic testing business," said Interleukin Genetics CEO, Lewis Bender.

The sale of AJG provides non-dilutive cash to continue development and promotion of our genetic testing services and products including our new brand of Inherent Health tests," Bender added.

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