Herbalife Payments, Folic Acid Recommendation: Health & Wellness Industry News Roundup
This article was originally published in The Rose Sheet
Herbalife checks in the mail from FTC; PSTF recommends daily folic acid supplementation; OmniActive acquires ingredient firm Indfrag; and Vancouver firm prepares to launch 40J's products
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Herbalife is the focus of a Securities and Exchange Commission investigation into anti-corruption compliance in the firm’s China business, the company reported in a Jan. 20 regulatory filing. An analyst covering the stock believes the investigation will have little impact on growth.
Another supplement own-labeler warned; 11-year sentence in ephedrine case; and $35m investment in OmniActive.
FTC makes clear in the settlement that Vemma was charged with violations including "operating an unlawful pyramid scheme" and that it agreed to compensate its independent distributors only for retail sales. "There have to be real sales to real people," says FTC attorney Lois Greisman.