Zaax used to be a product (brand) of Sequoia in Poland
https://sequoia.pl/wp-content/uploads/2014/01/zaax_box.jpg
https://sequoia.pl/czy_wiesz_ze_swoja_rehabilitacje-2/
but recently couldn't find it on the website
https://sequoia.pl/marka/zaax-en/
I have no idea when this happened but it now looks like Zaax (or Sequoia) is owned by Reig Jofre
https://zaax.com.pl/o-produkcie/
Reig Jofre products are available in more than 70 countries, in 8 of them thanks to our own network of subsidiaries in (Spain, France, Portugal, Belgium, Sweden, United Kingdom, Poland and Singapore) and in the rest thanks to our network of more than 155 business partners.
https://reigjofre.com/en/about-us/locations/
With sales last year of 236 million Euros
https://reigjofre.com/en/about-us/reig-jofre-in-brief/
What does this mean?
Probably nothing but I was bored this morning :)
No idea who he is or how many listeners he has for his radio show but he gave Fruitflow a mention @ 12 min 15 sec
https://prn.live/the-gary-null-show-02-22-23/
I doubt very much IF is sunbathing on an Australian beach with all that is going on at the moment and just to be clear, it has not been 7 years since IF signed an agreement with B-H.
November 2016 DSM signed a Collaboration agreement with B-H
April 2017 Provexis enter an MOU for a research and development with B-H
August 2019 Provexis have a Collaboration agreement with By-Health
4 November 2021 Agreement between Provexis and By-Health for supply of Fruitflow and support in R&D.
It has been just over 6 years since DSM signed the first agreement though.
https://dzb-hxnews-com.translate.goog/life/zxnews/2023/0223/87466.html?_x_tr_sch=http&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
https://www-163-com.translate.goog/dy/article/HU8NKFTR05396KGH.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
https://i-ifeng-com.translate.goog/c/8NdaXuKdrVe?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
and the original Chinese links.
http://dzb.hxnews.com/life/zxnews/2023/0223/87466.html
https://www.163.com/dy/article/HU8NKFTR05396KGH.html
https://i.ifeng.com/c/8NdaXuKdrVe
Forgot the link to the Chinese article.
https://mbd.baidu.com/newspage/data/landingsuper?baijiahao_id=1693898004131476920&id=1693898004131476920&wfr=spider&for=pc&third=baijiahao&c_source=kunlun&p_tk=6206DHCgrt7rNpmID6zVjMIGPcVDc8%2FNGrEL9x33OkNk55lO7kEKizrwTgJbyL5C9c392yE67cdHjOTGKIrOIJMGJxbxxgk32UXrP6aLw8yNWbP%2FRvdYTiuogidRYm%2Bh3Jcgg5o0iJT%2FMXiWvoOff8qp2Q%3D%3D&p_timestamp=1676923482&p_sign=745aebc566842cf227bb26bffb3ee57c&p_signature=59431f5a8f0c831e9bf817f46fc3d6fe&__pc2ps_ab=6206DHCgrt7rNpmID6zVjMIGPcVDc8%2FNGrEL9x33OkNk55lO7kEKizrwTgJbyL5C9c392yE67cdHjOTGKIrOIJMGJxbxxgk32UXrP6aLw8yNWbP%2FRvdYTiuogidRYm%2Bh3Jcgg5o0iJT%2FMXiWvoOff8qp2Q%3D%3D|1676923482|59431f5a8f0c831e9bf817f46fc3d6fe|745aebc566842cf227bb26bffb3ee57c
Just to add.
If the figures quoted by Asim are correct. To produce one kilogram of product costs 150 euros.
https://kalbela.com/ajkerpatrika/lastpage/tuymwkotei?fbclid=IwAR3spF9l_cAtr6yApMDpTCA-keqdTH6s0467tTbtnQ94vBuDnlovDJu5_sA
and if the figures quoted in this Chinese article are correct. Cost to purchase = 6000RMB/kg or 820 Euros
then no one can doubt that that is a good return on investment.
To say things like DSM hold 15 years worth of stock or Fruitflow isnt profitable is simply wrong.
Guessing aside, however much stock Provexis choose to purchase from DSM, and we don't have to buy it all, IF will be aware of how much stock we should be able to sell before the best before date of the inventory.
"Under the terms of the DSM Transfer of Business agreement, the Company can elect in the first quarter of
2023 to purchase some but not all of DSM’s remaining stocks of Fruitflow at 31 December 2022, being a
decision which the Company will seek to make in the first quarter of 2023 once the Company has a clearer
understanding of (i) the amount of stock remaining at 31 December 2022, (ii) the best before dates of this
inventory, which are currently estimated to be favourable / long dated in light of recent production runs of new
Fruitflow material in 2022, (iii) likely customer demand in 2023 and beyond and (iv) the Company’s financial
resources at that time."
"Stability and storage
Fruitflow® II SD is sensitive to air, heat and light. The product may be stored for at least 36
months from the date of manufacture in the unopened original container and at a
temperature below 25°C. The ‘best use before’ date is printed on the label. Keep container
tightly closed. Once opened, use contents quickly and store below 25°C."
http://technicaldocuments.dsm.com/product_finder/technical_documents/DNP/level10/DNP_DNPNA_000000000005015118_PDS_en.pdf
So, I would guess that whatever stock quantity is purchased then they should be able to sell it within around 18 months to 2 years max.
November 2016: Strategic collaboration agreement announced for Fruitflow® between DSM and BYHEALTH
April 2017: MOU for a research and collaboration agreement announced for Fruitflow® between the Provexis and BY-HEALTH. BY-HEALTH plans to launch a number of Fruitflow® based products in the Chinese market, first launch envisaged in the second half (Dec) of 2017.
Sept 2018: Its announced that B-H are conducting 6 studies, at their sole expense, for Fruitflow and ‘blue cap’ health claim status, as required by the China Food and Drug Administration (CFDA), with BY-HEALTH intending to make the relevant submission to the CFDA by the end of 2018.
Sept 2021: its announced that:- By-Health is now working on an extensive regulatory submission to the SAMR for Fruitflow, seeking to establish a new permitted health function claim for food ingredients such as Fruitflow that can demonstrate an anti-platelet effect, addressing the aberrant blood clots which can lead to heart attacks and strokes .By-Health currently expects to be in a position to complete the last of its eight studies and file its regulatory submission to the SAMR for Fruitflow in the first half of 2022.
Sept 2022: By-Health continues to work on an extensive regulatory submission to the Chinese State Administration
for Market Regulation (SAMR) for Fruitflow, seeking to establish a new permitted health function claim for
foods such as Fruitflow that can demonstrate an anti-platelet effect, addressing the aberrant blood clots
which can lead to heart attacks and strokes.
July, 2016: China Food and Drug Administration (CFDA) published the formal “Administrative Measures on Health Food Registration and Filing”(Hereinafter called “new Administrative Measures”) which will replace the “Administrative Measure on Health Food Registration (Trial) (Order No.19)”, meanwhile, come into force on 1 July, 2016.
Once the new Administrative Measures implemented, there will be two kinds of policy (registration and filing) for health food produced or marketed in China.
April 2018: the State Administration for Market Regulation was formally established. On April 10, 2018
So..... not only has B-H gone from launching products to getting Blue Cap to getting a permitted health function claim there has also been a massive restructuring of the Chinese regulatory system not to mention probably major delays with trials because of the lock down measures in China.
Having a permitted health function claim will substantially increase the potential revenue that Fruitflow can achieve For B-H/PXS and if you go back to 2016 it was not possible, due to the regulations at the time, for B-H to submit such a claim.
Now to answer your question . "why it is taking so long?"
As the regulatory system has been changing in China so has B-Healths plans. The end result being greater revenue potential for Fruitflow.
Just to add.
Once By-Health have the new health claim approved it has a a five-year monitoring period. During these five years, the new claim is proprietary to the company (By-Health), and others may not use it. After the end of the monitoring period, if no issues are observed, SAMR will add the new claim to the approved list of claims for health foods. Through such listing, anyone can then use the new claim on their health foods.
sphinx, Yes that's how I read the article. Blue Cap in as little as 3 to 4 months. This is much reduced from the initial 2 to 3 years (from memory) that it was taking not so long ago. But, as you rightly point out, By-Health is "seeking to establish a new permitted health function claim for foods such as Fruitflow that can demonstrate an anti-platelet effect" and as far as I can tell this has never been done before by any organization or individual and therefore impossible for us to judge timescales for the new health function claim.
DP64, No.