Swedish biotech company Indevex has joined its Symrise KK Far East partner in a supply and licence agreement with Asahi Food and Healthcare to distribute NGCTM Nutrition Formula in Japan, where the product is better known as N&G Nutrition Formula.
NGCTM is an natural nutritional food formulation used as a key ingredient in the formulation of a new range of Slim up Slim products under the name of Sweden Diet Support - Slim up Slim.
Through the agreement, Asahi will also benefit from Indevex’s nutrition patents and clinical studies.
The Swedish company’s vice-president of business development, Peter Carlsson, said Invedex is looking to open up new markets.
"This is a major step for Indevex and the commercialisation of NGCTM in Asia,” Carlsson explained. “It is of vital importance for us to be able to reach a wider range of consumers."
Toshio Mori, executive vice-president of Asahi Food and Healthcare, added that his company saw strong market potential for N&G Nutrition Formula across Japan.