As one of three subsiduaries of the OTC traded firm Bionutrics, Inc. (same address), LipoGenics, Inc is the product research arm of the Company with a focus on the discovery and development of active compounds for both drugs and functional nutrition. In addition, the Company has three inactive subsidiaries, Nutrition Technology Corporation, InCon International Ltd. and Cosmedics, Inc. Bionutrics, Inc. is a biopharmaceutical company founded to discover, develop and apply biologically active compounds from natural sources. The Company is developing proprietary functional nutrition ingredients and pharmaceutical products and intends to market these products through strategic alliances. To date the Companys only product is the evolvE dietary supplement, containing a patented tocotrienol vitamin E ingredient, Clearesterol(TM), derived from rice bran. The Company claims that this product is effective in promoting normal cardiovascular health. The Company also claims to have additional patent rights for the use of a timed-released composition of niacin and dietary fiber, which may have applications of lowering cholesterol and benefiting diabetics and for the use of tocotrienols to treat cancer.
