Functional gummy supplement manufacturer TopGum Industries has announced signing an agreement to purchase PharmItBe and is naming Dr. Evgenia Lozinsky, former CEO of PharmItBe as TopGum’s Head of R&D.
The agreement will see TopGum will use PharmItBe’s fully equipped, FDA certified laboratory to access comprehensive chemical-analytical services. This will ensure strict quality standards are maintained, even while condensing lead-time for the supply chain process.
In addition, PharmItBe’s R&D capabilities will accelerate TopGum’s pharma-grade gummies development for a new facility. The plant, supported by a US$40 million investment, is expected to be operational by the end of this year.
PharmItBe was first founded by Dr. Evgenia Lozinsky in 2016 as an FDA-certified advanced analytical laboratory that develops formulations and new delivery formats as well as providing analytics laboratory services to international pharmaceutical, dietary supplement, and food companies.
Following the acquisition, Lozinsky will serve as VP of R&D for TopGum. She will oversee all R&D activities of the company, including innovating new products for customers, developing a unique microencapsulation formula, creating products for the new state-of-the-art TopGum facility, and leading the development of pharma-grade OTC gummies.
Lozinsky will still serve as the President of PharamItBe alongside her position as Head of R&D at TopGum. The company will continue to operate as stand-alone, FDA-certified analytical lab, as TopGum’s future subsidiary and provide services to other leading international companies.
“It is exciting to have PharmItBe join the TopGum family,” commented Amichai Bar-Nir, CEO of TopGum. “I look forward to our developing the next generation of gummy supplements. This acquisition makes it possible to improve our supply-chain process and meet the highest quality standards internationally, which will allow us to provide better service to our customers worldwide. Our ability to deliver on innovation, quality, and service should be greatly enhanced.”
“We are proud to report this important milestone for the company’s expansion,” added Hagai Stadler, Chairman of TopGum. “The acquisition will allow TopGum to accelerate the development of products for the pharmaceutical world, as well as improve the company’s supply chain, quality assurance, and operational efficiencies. We are happy to have Dr. Lozinsky as part of TopGum’s management team.”
TopGum recently launched a new, sugar-free delivery system. The USDA certified organic sugar-free gummies answer consumer demand for exciting, flavourful, and importantly, guilt-free nutritional supplements.
TopGum’s new organic line includes five gummy supplements includes gummies that deliver a range of ingredients, such as the B-vitamin biotin, vitamin D, and an antioxidant-balanced berry blend. TopGum plans to launch an additional line of innovative gummies, implementing its advanced micro-encapsulation technology.
“I am eager to lead TopGum’s R&D and channel our mutual experience to bringing the company to new heights,” said Lozinsky. “PharmItBe found the perfect ‘family’ to continue its journey, and as an experienced formulation and chemistry analytical developer, I look forward to working closely with TopGum’s management team to further the company’s vision and success.”
“The PharmItBe team’s expertise in pharmaceutical regulations and GMP analysis will take TopGum to the next level in the manufacturing of future OTC products,” concluded Bar-Nir. “And, in addition to working synergistically with TopGum, PharmItBe will continue as a subsidiary to provide services independently to third parties.”
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