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Medifast said its net income more than doubled and sales grew 4%. Revenue from its Take Shape for Life MLM coaching unit rose 10%, which made up for lower sales from the company’s web site and phone orders and from company owned stores and wholesale physicians. The company has 86 corporate-owned locations and said Tuesday […]

The company today (Aug. 5) announced the appointment of tabloid content writer John McGran as Chief Editor along with health professional and registered dietitian Susan Burke March as Chief Nutritionist. Mr. McGran and Ms. March join the eDiets team as prior employees of the company, marking the brand’s transition back to a tabloid approach to

Marketdata Commentary – Lots of Questions, No Answers * Why did David Kirchoff abruptly resign, after 14 years with the company? No advance warning, not even 30 days? Troubling. Did he simply give up on the company after seeing that things are just not working? * Why isn’t management talking about the compensation situation with

Arena reported $1.3 million in Belviq net product sales in the second quarter, which is 31.5% of the $4.1 million in net product sales recorded by Eisai. Belviq hit pharmacy shelves in the beginning of June, so it’s only about a month of sales in the second quarter. Still, $4.1 million in net product sales

Highlights: Revenues for the quarter were $97.5 million and operating income was $9.8 million, both of which were in line with the company’s expectations; Adjusted EBITDA for the quarter was $13.5 million. Adjusted EBITDA is defined as net income excluding non-cash employee compensation, interest, income taxes, depreciation and amortization; Net income for the quarter was

Last Fall, Vivus botched the commercial launch of its Qsymia prescription weight loss pill and is now fighting off a dissident shareholder, First Manhattan, which wants to replace the company’s board of directors and management team. For Arena, the first few weeks of prescription data reported for the early Belviq launch have done nothing to

Obesity is now it’s a disease, according to the American Medical Association, considered the voice of America’s doctors. Some local doctors and who work with the obese are applauding the action, and predicting it will lead to better insurance coverage for weight loss counseling, drugs and surgery, while others worry it might cause people to

In order to meet growing consumer demand for its Nutrisystem(R) D(R) 5-Day Jumpstart Weight Loss Kit, the company has ramped up production and will offer its product in 3,700 Walmart stores by the end of June. Nutrisystem is a national strategic partner of the American Diabetes Association and the Nutrisystem(R) D(R) plan meets the nutritional

Jenny Craig announced that it is closing 101 of its retail stores in North America, and that it will be devoting more attention to its online services (Jenny At Home), “as part of a long-term strategic plan”. Closures will be completed by June 28th, and are centers that affect the least possible number of clients

Arena Pharmaceuticals says its prescription weight loss drug Belviq will be available to U.S. patients beginning next week, nearly a year after the drug was officially approved by federal regulators. The FDA approved Belviq last June for adults who are obese or who are overweight and have at least one serious medical condition, such as