Nu Skin completes $11.7m LifeGen acquisition

Published: 22-Dec-2011

And begins building Innovation Park in China


Nu Skin Enterprises Inc has completed its purchase of genomics company LifeGen Technologies LLC for $11.7m. All of the Madison, Wisconsin-based company’s assets will transfer to Nu Skin, including its proprietary tissue bank and gene expression database, patents and other intellectual property related to anti-ageing gene research.

Nu Skin has also initiated new R&D contracts, consulting and non-competition agreements with LifeGen co-founders Richard Weindruch and Tomas Prolla, who will manage and provide scientific leadership at the Madison research facility and continue to serve on the Nu Skin anti-ageing scientific advisory board.

“We believe the acquisition significantly enhances Nu Skin’s position as a leader in the anti-ageing industry, providing Nu Skin exclusive ownership of LifeGen’s substantial intellectual property encompassing more than 30 years of breakthrough scientific study on the genetic sources of ageing and a proprietary algorithm that identifies important age-related genes,” said Nu Skin’s chief scientific officer Joseph Chang.

In addition, the company has announced the ground breaking of its new Greater China Innovation Park, based in Shanghai. The 57-acre, $50m complex will serve as Nu Skin’s headquarters for the Greater China area and feature world-class anti-ageing R&D laboratories, according to the company, as well as manufacturing facilities and meeting spaces.

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