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PURCHASE, NY, May 14, 2009 – Nutrition 21, Inc. (NASDAQ: NXXI), the developer and
marketer of nutritional supplements under the Iceland Health® and Diabetes Essentials® brands,
announced today that the European Food Safety Authority (EFSA) released its safety
assessment supporting the use of chromium picolinate in food supplements in the European
Union (EU). In its safety assessment, the EFSA concluded that chromium picolinate does not
present a safety concern when used as a source of chromium in food supplements. This
assessment is an initial step in the procedure for the formal EU approval of chromium picolinate
as an acceptable form of supplemental chromium.
To assist Nutrition 21 in the submission of data for the EFSA to conduct its safety assessment
the Company retained Cantox Health Sciences International, a leading international scientific
and regulatory consulting firm. Nigel Baldwin, Ingredient Safety Expert from Cantox Health
Sciences International, stated "The EFSA’s review and published opinion show the level of detail
that we and Nutrition 21 went through to clearly demonstrate chromium picolinate as the form
of chromium with the most safety data behind it. We are pleased with the EFSA’s safety
assessment of chromium picolinate. The standards set by the EFSA are the gold standards for
the rest of the world and we believe this bodes well for Nutrition 21.”
Chromax chromium picolinate is Nutrition 21’s top selling nutritional supplement ingredient in
the U.S. Approval of this ingredient in the EU would allow Nutrition 21 to enter into these new
markets. William J. Levi, Vice President - Ingredients for Nutrition 21, stated, “This is an
exciting development for our Ingredients business. Expansion into the European Union is an
important component of our growth strategy. We already have active business development
projects with potential strategic customers, and expect to announce an exclusive arrangement
with a leading European ingredients manufacturer to distribute Chromax chromium picolinate
throughout Europe upon formal EU approval.”
James Komorowski, Vice President, Research & Development of Nutrition 21, commented, “The
safety of Chromax chromium picolinate continues to be supported by numerous independent
expert reviews worldwide. This is extremely important, particularly in recent times when the
safety of certain dietary supplements is being questioned. The EFSA’s conclusion on chromium
picolinate provides our future EU customers with the added security of knowing this product is
safe as they make educated decisions on what supplements to purchase.”
European Food Safety Authority (EFSA)
The European Food Safety Authority (EFSA) is the keystone of European Union (EU) risk
assessment regarding food and feed safety. In close collaboration with national authorities and
in open consultation with its stakeholders, EFSA provides independent scientific advice and clear
communication on existing and emerging risks.
About Nutrition 21
Nutrition 21, Inc. (NASDAQ: NXXI), headquartered in Purchase, NY, is a nutritional bioscience company and the maker of chromium picolinate-based and omega-3 fish oil-based supplements with health benefits substantiated by clinical research. Nutrition 21 holds more than 30 patents for nutrition products and uses. Nutrition 21’s portfolio of health and wellness products include: Iceland Health Chromax®, Iceland Health Advanced Memory Formula™, Diabetes Essentials®, Iceland Health® Maximum Strength Omega-3 and Iceland Health® Joint Relief. The company also manufactures private label supplements and ingredients for third parties. Nutrition 21 distributes its products nationally through more than 29,000 major food, drug and super center stores throughout the United States and internationally. For more information please visit http://www.nutrition21.com.
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Safe Harbor Provision
This press release may contain certain forward-looking statements. The words "believe,"
"expect," "anticipate" and other similar expressions generally
identify forward-looking statements. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of their dates. These forward-looking
statements are based largely on the Company's current expectations and are subject
to a number of risks and uncertainties, including without limitation: the effect
of the expiration of patents; regulatory issues; uncertainty in the outcomes of
clinical trials; changes in external market factors; changes in the Company's business
or growth strategy or an inability to execute its strategy due to changes in its
industry or the economy generally; the emergence of new or growing competitors;
various other competitive factors; and other risks and uncertainties indicated from
time to time in the Company's filings with the Securities and Exchange Commission,
including its Form 10-K/A for the year ended June 30, 2007. Actual results could
differ materially from the results referred to in the forward-looking statements.
In light of these risks and uncertainties, there can be no assurance that the results
referred to in the forward-looking statements contained in this press release will
in fact occur. Additionally, the Company makes no commitment to disclose any revisions
to forward-looking statements, or any facts, events or circumstances after the date
hereof that may bear upon forward-looking statements.
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