When Congress passed the Dietary Supplement Health and Education Act in 1994, dietary supplements were placed in a unique marketing position. Unlike prescription drugs, which must be rigorously tested to prove both safety and efficacy before they are approved by the Food and Drug Administration (FDA) for commercial release, dietary supplements can go to market immediately. The FDA monitors the “claim” to ensure there is no implied cure wording and the Federal Trade Commission (FTC) assesses the truthfulness of the label claim only if there is a complaint.
Health Canada has approved a health claim linking the consumption of protein-rich soy food to lowering cholesterol levels. The claim is based on scientific evidence that shows consumption of at least 25 grams of soy protein per day helps reduce cholesterol, which is a risk factor for heart disease.
Nutrasource Diagnostics Inc. (NDI) is honoured to have been ranked No. 357 on the 26th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies.
It’s hard to believe that 2013 is nearly over. It was an eventful year for the dietary supplement, pharmaceutical and functional food industries. New regulations, government lobbying initiatives (read: GMO labelling) and ground-breaking research and development made 2013 a remarkable, albeit challenging, year for stakeholders all the way from farm to pharma.
Have you heard the news? Guelph is the place to be for the agri-food and agri-bio industry thanks to our strong local research and innovation network.