Forbes Medi-Tech extends contract with Pharmavite

VANCOUVER, Canada Forbes Medi-Tech on Wednesday announced it has extended its supply and licensing contract with Pharmavite until mid-2010 for the continued sale of Reducol, the branded cholesterol-lowering ingredient in one of Pharmavite's line of dietary supplements, Nature Made CholestOff and CholestOff Complete.

The license is exclusive to Pharmavite for distribution through food, drug and mass outlets.

“Since the initial product launch in 2001, the Nature Made CholestOff product line has grown significantly, establishing a strong position in the U.S. ‘heart health’ dietary supplement market,” stated Laura Wessman, SVP operations at Forbes.