Why ChromaDex Stock Is Sinking Today

why chromadex stock is sinking today

Sumary of Why ChromaDex Stock Is Sinking Today:

  • The initial decline stemmed from Tuesday’s decision by the U.S. District Court of Delaware to grant a summary judgment to Elysium Health, invalidating two of ChromaDex’s patents for vitamin B3 supplement Niagen.
  • It reported net sales of $15.4 million for its flagship product Tru Niagen in the second quarter, 87% of total revenue.
  • In addition, ChromaDex’s pipeline centers on nicotinamide riboside, the chemical name for Niagen.
  • The company has registered 49 clinical studies evaluating the drug.

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