ChromaDex (CDXC), as part of its developing product portfolio as well as complied business environment has taken steps to distribute LoGiCal. More elaborately, ChromoDex and LGG Standards have recently announced that they have signed an agreement for ChromoDex to distribute a new range of reference standards called LoGiCal. We know that ChromaDex is an innovative natural product company which provides proprietary, science based solutions and ingredients to the dietary supplement, food & beverage, animal health, cosmetic, and pharmaceuticals industry. On the other hand LGC Standards is a provider of products and services to improve measurement and quality control within the laboratory and is a major division of U.K.-based LGC, whose LGC Science & Technology Division acts as the U.K. National Measurement Institute for chemical and bioanalytical measurements. This agreement is expected to advance CDXC one step, by ensuring more diversified product portfolio as well as business exposure.
As stated in the press note, LoGiCal®, as a new product range focusing on the needs of forensic and clinical laboratories, will provide access to a wide variety of reference materials, including drugs of abuse, prescription drugs and drug metabolites. A segment of this product line is ISO Guide 34 certified, which ensures that all methods a manufacturer uses to certify their standards are validated and proven to be accurate, a new addition to the ChromaDex portfolio. This will add to ChromaDex's extensive current catalog that contains over 3,000 phytochemicals and 470 botanical reference materials that serve a wide variety of markets such as food & beverage, pharmaceutical, cosmeceutical, research organizations and governmental groups. According to Frank Jaksch, CEO and co-founder of ChromaDex, "By adding the LoGiCal® reference standards to our portfolio of offerings, we further add to our ability to be a one-stop shop for our customers". I foresee this will hit CDXC’s revenue genera