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**Trademark of Pharmanex

Pharmanex (Division of Nu Skin Enterprises)

Copyright Jeffrey Babener www.mlmlegal.com



Editor's Note:
Welcome to MLMLegal.Com Company Profiles at www.mlmlegal.com. Here you will find brief summaries of pertinent information about hundreds of MLM, Direct Selling, Direct Sales, Network Marketing and Party Plan Companies. As a general matter, the summary information is derived from Company published information, generally posted at Company websites, public information releases or posts at industry trade sites .*


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. 

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Impact on the Industry
Pharmanex is a member of the Direct Selling Association.

Discussion of Products
Pharmanex regards itself as a leader of phyto-pharmanceuticals and nutritional products. It sells over 80 products including a multi-vitamin/mineral supplement line, ten standard herbal products, five proprietary products of general nutrition, weight management, botanicals and sports nutrition products. It sells the brands LifePak, Image Solutions and Nutrifoods.

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
Energy/Stamina
Heart Health
Immune Support
Mood Support
Women's Health
Men's Health
Bone and Joint Support
Memory
Sexual Wellness
Specialized Needs
Digestive Health

Pharmanex Nutritionals include products, which include:

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LifePak® Nano
LifePak®
LifePak® Women
LifePak® Prime
LifePak® Prenatal
LifePak® Teen
Jungamals®
Life Essentials®
Vitox®
G3(TM)
G3(TM) Xôi Bar(TM)
MarineOmega(TM)
Nutrifoods  

Discussion of Opportunity
Representatives can start with the Company by purchasing a starter kit from a sponsor. They can earn commissions on retail customer purchases and a six-percent level one bonus. They also have to enroll in the Automatic Delivery (www.mlmlegal.com) Rewards program.

The steps are illustrated as follows:

Discussion of Distributor Base and Sales Volume in U.S.
Pharmanex utilizes a multi-level compensation plan and a person-to-person sales strategy. Pharmanex operates in the United States, Australia, Canada, Guatemala, Hong Kong, Italy, Japan, Macao, Mexico, Netherlands, New Zealand, Philippines, (www.mlmlegal.com) Puerto Rico, South Korea, Taiwan, Thailand and the United Kingdom. It is a publically traded Company. Pharmanex has over 450,000 distributors in over 30 countries around the world since 1985. The Company also has reached over seven billion in product sales.

Company website: www.pharmanex.com

 

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Jeffrey A. Babener, principal attorney in the Portland, Oregon, law firm Babener & Associates, represents many of the leading direct selling companies in the United States and abroad.

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