Spherix Company Description
Spherix is sweet on health. The company's BioSpherix division is developing products from tagatose, a low-calorie sweetener, with possible applications for improving health. Approved for use in foods, the company sold the food-use rights for tagatose to Arla Foods but hung onto the non-food rights, which it then branded Naturlose. The product is in clinical trials as a possible treatment for Type 2 diabetes, although patient recruitment has been slower than expected. Spherix reported it will likely need a development partner to see the product through to market. To supplement its income, Spherix launched a Health Sciences division to provide regulatory and technical consulting services to other biotech firms.
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The Company Description provides a historical perspective of Spherix's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Spherix's evolution in the marketplace.
