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Pharmanex (Division of Nu Skin Enterprises) Copyright Jeffrey Babener www.mlmlegal.com |
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Founding Story Pharmanex is located in Provo, UT. The Company was established in 1992 and began direct selling the same year. Dr. Michael Chang began constructing his ideas of creating dietary supplements by applying Western science and natural products in 1994. He had 15 years of pharmaceutical experience and had examined (www.mlmlegal.com) 50,000 different extracts. He was a Deputy Director of Medicinal Chemistry at Merck, Sharp and Dohme, which enabled him to travel the world looking for the "magic bullets" from the natural world that could be turned into medications. According to the doctor, working with drug companies often resulted in less effective products that had more side effects. In addition, the companies required a new drug to generate at least 100 million dollars in revenue the first year in order to justify the cost of development. Dr. Chang found that this system discarded potentially useful products. At this point he realized the tremendous potential benefit of natural products created, refined and substantiated through a scientific pharmaceutical approach. His business ideas attracted Nu Skin Enterprises in October 18, 1998 and they acquired the Company.www.mlmlegal.com www.mlmlegal.com www.mlmlegal.com www.mlmlegal.com www.mlmlegal.com Impact on the Industry Discussion of Products Some of its products include Pharmanex Nutritionals, Pharmanex Solutions and My Victory. My Victory products include a weight control plan, AC Complex and AC Shake, GoWear Fit Armband, DuoLean and Metabotrim. Pharmanex (www.mlmlegal.com) Solutions come with many sub-category products including: Cell Protection Pharmanex Nutritionals include products, which include: www.mlmlegal.com www.mlmlegal.com www.mlmlegal.com www.mlmlegal.com www.mlmlegal.com LifePak® Nano Discussion of Opportunity Discussion of Distributor Base and Sales Volume in U.S. Company website: www.pharmanex.com
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