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Monday, 12/03/2012 3:37:44 PM

Monday, December 03, 2012 3:37:44 PM

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The company also develops biopharmaceutical products through its Biospherics Inc. subsidiary.

ChromaDex bought all the stock of the consulting arm of the Bethesda, Md.-based research firm on undisclosed terms. Spherix said the sale was the initial step in a companywide restructuring program.

Spherix Consulting will operate as a subsidiary of ChromaDex, while maintaining its offices in the Washington, D.C. area. It will continue to be led by company founder and President Claire Kruger.

Spherix provides technical services and scientific support to manufacturers and retailers of dietary supplements, medical foods and other pharmaceutical products. The company also develops biopharmaceutical products through its Biospherics Inc. subsidiary.
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