ProThera, Inc. - Nevada Governor`s Office of Economic Development
Transcription
ProThera, Inc. - Nevada Governor`s Office of Economic Development
Board Summary ProThera, Inc. Date: March 25, 2016 10439 Double R Blvd., Reno, NV 89521 Dana Bridgman, COO Manufacturing & Operations - Nutraceuticals Business Type: Expansion Main Location: Carson City, Nevada Development Authority Representative: Nancy McCormick - EDAWN County: Washoe County APPLICATION HIGHLIGHTS - ProThera, Inc. is applying for Sales Tax, Modified Business Tax, and Personal Property Tax abatements. - Meets statute for job creation, average wage and capital investment levels. - Existing 112 employees at an average hourly wage of $24.94 prior to expansion plans. - Additional capital investment of $2,200,000 for building leasehold improvements. PROFILE ProThera, Incorporated is a nutritionally-focused healthcare company. It specializes in the research, formulation, and manufacture of nutraceutical products for exclusive distribution by healthcare professionals. Founded in 2001, ProThera, Inc. has earned a reputation as an innovative, solution-oriented nutraceutical company. Its products are based on a firm scientific foundation and sound medical research. Flexibility, rapid response, and personalized attention to the individual needs of healthcare professionals describe its underlying service philosophy. Source: ProThera, Inc. SIGNIFICANCE OF ABATEMENTS IN THE COMPANY'S DECISION TO RELOCATE/EXPAND ProThera, Inc. currently manufactures products through third party contractors outside of the state and is evaluating the opportunity to expand operations in Northern Nevada to include manufacturing. The abatements are a key part in this evaluation to determine if this opportunity would be financially prudent. ProThera, Inc. would make capital investments of approximately $4.2 million and would plan to hire 25 additional professional and manufacturing employees from the Northern Nevada area. Source: ProThera, Inc. REQUIREMENTS Statutory Application Sufficient % Over / Under 25 $20.89 $65,176 $65,176 25 $23.12 $2,079,520 $2,079,520 Yes Yes Yes Yes 0% 11% 3091% 3091% Requested Terms Estimated $ Amount Abated to 2% 50% for 4 years 50% for 10 years $119,100 $29,413 $77,813 $226,326 Contracted 24-Month Projection 25 25 12 Land Building Purchase BTS / Building Improvements $0 $0 $2,200,000 Total Construction 19 $1,138,686 $3,104,299 Job Creation Average Wage Equipment CapEx (SU & MBT) Equipment CapEx (PP) INCENTIVES Sales Tax Abmt. Modified Business Tax Abmt. Personal Property Tax Abmt. Total JOB CREATION OTHER CAPITAL INVESTMENT ECONOMIC IMPACT ESTIMATES (10-Year Cumulative) Total Jobs Supported Total Payroll Supported Total Output Estimate 67 $30,493,057 $174,496,106 5-Year Projection Estimate includes jobs, payroll & output by the company assisted as well as the secondary impacts to other local businesses. NEW TAX REVENUE ESTIMATES (10-Year Cumulative) Local Taxes Property Sales Lodging State Taxes Property Sales Modified Business Lodging Total COST-BENEFIT ASSESSMENT Direct Indirect Total $1,178,870 $81,868 $0 $912,812 $503,943 $24,595 $2,091,682 $585,811 $24,595 $57,423 $70,190 $151,478 $0 $1,539,829 $47,749 $189,057 $198,058 $709 $1,876,923 $105,172 $259,247 $349,536 $709 $3,416,752 Economic Impact per Abated Dollar $771 EMPLOYEE BENEFITS - Percentage of health insurance covered by company: 66%. - Health care package cost per employee - $7,480 annually with options for dependents. - Overtime, PTO/Sick/Vacation, Bonus, Retirement Plan, Merit Increases. NOTES - Percentage of market outside of Nevada: 99%. - The company average hourly wage exceeds the statewide average hourly wage of $20.89. New Total Tax per Abated Dollar $15.10 Company is an / a: (check one) New location in Nevada Incentive Application Company Name: ProThera, Inc. Date of Application: February 9, 2016 Expansion of a Nevada company Section 1 - Type of Incentives Please check all that the company is applying for on this application: Sales & Use Tax Abatement Sales & Use Tax Deferral Modified Business Tax Abatement Recycling Real Property Tax Abatement Personal Property Tax Abatement Other: Train Employees Now Section 2 - Corporate Information COMPANY NAME (Legal name under which business will be transacted in Nevada) FEDERAL TAX ID # ProThera, Inc. 88-0487638 CORPORATE ADDRESS CITY / TOWN STATE / PROVINCE ZIP 10439 Double R Blvd. Reno Nevada 89521 MAILING ADDRESS TO RECEIVE DOCUMENTS (If different from above) CITY / TOWN STATE / PROVINCE ZIP TELEPHONE NUMBER WEBSITE 775-850-8800 ext 1159 www.protherainc.com COMPANY CONTACT NAME COMPANY CONTACT TITLE Dana Bridgman Chief Operating Officer E-MAIL ADDRESS PREFERRED PHONE NUMBER dana.bridgman@protherainc.com 775-850-8800 x1159 Has your company ever applied and been approved for incentives available by the Governor's Office of Economic Development? Yes No If Yes, list the program awarded, date of approval, and status of the accounts (attach separate sheet if necessary): Section 3 - Program Requirements Please check two of the boxes below; the company must meet at least two of the three program requirements: A capital investment of $1,000,000 in eligible equipment in urban areas or $250,000 in eligible equipment in rural areas are required. This criteria is businesses. In cases of expanding businesses, the capital investment must equal at least 20% of the value of the tangible property owned by the business. New businesses locating in urban areas require fifty (50) or more permanent, full-time employees on its payroll by the eighth calendar quarter following quarter in which the abatement becomes effective. In rural areas, the requirement is ten (10) or more. For an expansion, the business must increase the number of employees on its payroll by 10% more than its existing employees prior to expansion, or by 25 (urban) or 6 (rural) employees, whichever is greater. In urban areas, the average hourly wage that will be paid by the business to its new employees is at least 100% of the average statewide hourly wage. in rural areas, the average hourly wage will equal or exceed the lesser of the county-wide average hourly wage or statewide average hourly wage. Note: Criteria is different depending on whether the business is in a county whose population is 100,000 or more or a city whose population is 60,000 or more (i.e., “urban” area), or if the business is in a county whose population is less than 100,000 or a city whose population is less than 60,000 (i.e., “rural” area). Section 4 - Nevada Facility Type of Facility: Headquarters Technology Back Office Operations Research & Development / Intellectual Property Service Provider Distribution / Fulfillment Manufacturing Other: PERCENT OF COMPANY'S MARKET OUTSIDE OF NEVADA EXPECTED DATE OF NEW / EXPANDED OPERATIONS (MONTH / YEAR) 99% Oct-2016 NAICS CODE / SIC INDUSTRY TYPE 311400 General Business - Nutraceuticals (Dietary Supplements) DESCRIPTION OF COMPANY'S NEVADA OPERATIONS Manufacturing/Operations PROPOSED / ACTUAL NEVADA FACILITY ADDRESS CITY / TOWN COUNTY ZIP 795 Trademark Drive Reno Washoe County 89521 WHAT OTHER STATES / REGIONS / CITIES ARE BEING CONSIDERED FOR YOUR COMPANY'S RELOCATION / EXPANSION / STARTUP? Carson City, Nevada 1 Section 5 - Complete Forms (see additional tabs at the bottom of this sheet for each form listed below) Check the applicable box when form has been completed. 5 (A) Equipment List 5 (B) Employment Schedule 5 (C) Evaluation of Health Plan Section 6 - Real Estate & Construction (Fill in either New Operations/Startup or Expansion, not both.) New Operations / Start Up - Plans Over the Next Ten Years Expansions - Plans Over the Next 10 Years Part 1. Are you currently/planning on Part 1. Are you currently leasing space in Nevada? leasing space in Nevada? If No, skip to Part 2. If Yes, continue below: If No, skip to Part 2. If Yes, continue below: What year(s)? What year(s)? How much space (sq. ft.)? How much space (sq. ft.)? Annual lease cost at current space: Yes 2004-present 35,156 $594,828.00 Annual lease cost of space: Due to expansion, will you lease additional space? Do you plan on making building tenant improvements? If No, skip to Part 3. If Yes, continue below: If No, skip to Part 2. If Yes * , continue below: Expanding at the current facility or a new facility? New When to make improvements (month, year)? What year(s)? 2016 Yes How much expanded space (sq. ft.)? 75,257 $460,281.00 Part 2. Are you currently/planning on Annual lease cost of expanded space: buying an owner occupied facility in Nevada? Do you plan on making building tenant improvements? If No, skip to Part 3. If Yes * , continue below: If No, skip to Part 3. If Yes * , continue below: Purchase date, if buying (month, year): When to make improvements (month, year)? Yes Jul-2016 How much space (sq. ft.)? Do you plan on making building improvements? Part 2. Are you currently operating at an If No, skip to Part 3. If Yes * , continue below: owner occupied building in Nevada? When to make improvements (month, year)? If No, skip to Part 3. If Yes, continue below: No How much space (sq. ft.)? Part 3. Are you currently/planning on Current assessed value of real property? building a build-to-suit facility in Nevada? Due to expansion, will you be making building improvements? If Yes * , continue below: When to break ground, if building (month, year)? Estimated completion date, if building (month, year): If No, skip to Part 3. If Yes * , continue below: How much space (sq. ft.)? Part 3. Do you plan on building or buying a new facility in Nevada? When to make improvements (month, year)? No If Yes * , continue below: Purchase date, if buying (month, year): When to break ground, if building (month, year)? Estimated completion date, if building (month, year): How much space (sq. ft.)? * Please complete Section 7 - Capital Investment for New Operations / Startup. * Please complete Section 7 - Capital Investment for Expansions below. BRIEF DESCRIPTION OF CONSTRUCTION PROJECT AND ITS PROJECTED IMPACT ON THE LOCAL ECONOMY (Attach a separate sheet if necessary): We are planning tenant improvements of approximately $2.2 million. The project will include construction in the manufacturing space including specialty air handling specific to the industry. 2 Section 7 - Capital Investment (Fill in either New Operations/Startup or Expansion, not both.) New Operations / Start Up Expansions How much capital investment is planned? (Breakout below): How much capital investment is planned? (Breakout below): Building Purchase (if buying): $0 Building Purchase (if buying): Building Costs (if building / making improvements): $0 Building Costs (if building / making improvements): $0 $2,200,000 Land: $0 Land: Equipment Cost: $0 Equipment Cost: $2,079,000 $0 Total: $0 Total: $4,279,000 Is the equipment purchase for replacement of existing equipment? Current assessed value of personal property in NV: No $325,881 (Must attach the most recent assessment from the County Assessor's Office.) Section 8 - Employment (Fill in either New Operations/Startup or Expansion, not both.) New Operations / Start Up Expansions How many full-time equivalent (FTE*) employees will be created by the end of the first fourth quarter of new operations?: Average hourly wage of these new employees: How many full-time equivalent (FTE*) employees will be created by the end of the first fourth quarter of expanded operations?: 25 Average hourly wage of these new employees: $23.12 How many FTE employees prior to expansion?: Average hourly wage of these existing employees: 112 $24.94 Total number of employees after expansion: 137 * FTE represents a permanent employee who works an average of 30 hours per week or more, is eligible for health care coverage, and whose position is a "primary job" as set forth in NAC 360.474. OTHER COMPENSATION (Check all that apply): Overtime PTO / Sick / Vacation Merit increases COLA adjustments Bonus Other: Tuition assistance Retirement Plan / Profit Sharing / 401(k) BRIEF DESCRIPTION OF ADDITIONAL COMPENSATION PROGRAMS AND ELIGIBILITY REQUIREMENTS (Attach a separate sheet if necessary): Section 9 - Employee Health Insurance Benefit Program Is health insurance for employees and an option for dependents offered?: Yes (copy of benefit plan must be attached) No Package includes (check all that apply): Medical Vision Other: Adding Employer paid Short Term and Long Term disability in 2016 Dental Qualified after (check one): Upon employment Three months after hire date Health Insurance Costs: Cost of health insurance for company (annual amount per employee): Health Plan annual out-of-pocket maximum (individual): Six months after hire date Other: Two months after hire date Percentage of health insurance coverage by: $ 7,480.00 $ 4,500.00 [SIGNATURE PAGE FOLLOWS] 3 Company: Employee: 66% 34% 5(A) Capital Equipment List Company Name: ProThera, Inc. County: Washoe County Section 1 - Capital Equipment List Directions: Please provide an estimated list of the equipment [columns (a) through (c)] which the company intends to purchase over the two-year allowable period. For example, if the effective date of new / expanded operations begins April 1, 2015, the two-year period would be until March 31, 2017. Add an additional page if needed. For guidelines on classifying equipment, visit: tax.nv.gov/LocalGovt/PolicyPub/ArchiveFiles/Personal_Property_Manuals. Attach this form to the Incentives Application. (a) Equipment Name/Description Capsulation Semi-Automat Capsulation Semi-Automat Capsulation Full-Automat Capsulation 1505 Full-Automat 1505 Capsulation Full-Automat Capsulation 705Full-Automat 705 Capsulation Toolset Capsulation Toolset Tabletting Semi-Automatic Tabletting Press Semi-Automatic Press Tabletting Full-Automatic TablettingPress Full-Automatic Press Tabletting Toolset Tabletting Toolset Powder Powder Mixing/BlendingMixing/Blending Other Barcode scanning, furniture items, scoops, rugs, cleaning and maintenance tools, industrial size dishwashing equipment. Lab Equi Lab Equipment TOTAL EQUIPMENT COST ( b) # of Units (c) Price per Unit (d) Total Cost 4 1 2 1 1 2 1 1 1 $54,000.00 $260,000.00 $135,000.00 $431,030.00 $128,000.00 $21,875.00 $352,625.00 $15,000.00 $361,000.00 $198,000.00 $192,500.00 $200,000.00 $416,540.00 $106,500.00 $30,625.00 $303,538.00 $13,438.00 $278,000.00 1 1 $371,359.00 $40,750.00 $311,354.00 $29,025.00 $2,079,520.00 6 Is any of this equipment* to be acquired under an operating lease? *Certain lease hold equipment does not qualify for tax abatements 6 Yes No 5(B) Employment Schedule Company Name: ProThera, Inc. County: Washoe Section 1 - Full-Time Equivalent (FTE) Employees Directions: Please provide an estimated list of full time employees [columns (a) through (d)] that will be hired and employed by the company by the end of the first eighth quarter of new / expanded operations. For example, if the effective date of new / expanded operations is April 1, 2015, the date would fall in Q2, 2015. The end of the first fourth quarter would be the last day of Q2, 2017 (i.e., June 30, 2017). Attach this form to the Incentives Application. A qualified employee must be employed at the site of a qualified project, scheduled to work an average minimum of 30 per week, if offered coverage under a plan of health insurance provided by his or her employer, is eligible for health care coverage, and whose position of a “primary job” as set forth in NAC 360.474. (a) (b) (c) (d) (e) (f) Number of Average Hourly Average Weekly Annual Wage per New Hire Position Title/Description Total Annual Wages Positions Wage Hours Position Encapsulator professional 8 $18.27 40 $38,000.00 $304,000.00 Encapsulation supervisor 1 $20.19 40 $42,000.00 $42,000.00 Tabletting professionals 2 $16.83 40 $35,000.00 $70,000.00 Formulator 1 $24.04 40 $50,000.00 $50,000.00 Maintenance and facility manager 1 $31.25 40 $65,000.00 $65,000.00 VP of operations 1 $60.10 40 $125,000.00 $125,000.00 Maintenance mechanics 2 $18.27 40 $38,000.00 $76,000.00 Miller/Blender 2 $21.63 40 $45,000.00 $90,000.00 Sanitation Technician 2 $16.83 40 $35,000.00 $70,000.00 QA manager 1 $24.04 40 $50,000.00 $50,000.00 Director of regulatory affairs 1 $38.46 40 $80,000.00 $80,000.00 Product data specialist 1 $28.85 40 $60,000.00 $60,000.00 Production planner 1 $28.85 40 $60,000.00 $60,000.00 Buyer 1 $28.85 40 $60,000.00 $60,000.00 TOTAL 25 $23.12 40 $783,000.00 $1,202,000.00 Section 2 - Employment Projections Directions: Please estimate full-time job growth in Section 2, complete [columns (b) through (c)]. These estimates are used for state economic impact and net tax revenue analysis that this agency is required to report. The company will not be required to reach these estimated levels of employment. (a) Year (b) Number of FTE(s) Projected 3-Year 4-Year 5-Year 4 4 4 (c) Average Hourly Wage $23.00 $23.25 $23.50 7 (d) Payroll $191,360.00 $193,440.00 $195,520.00 Site Selection Factors Company Name: ProThera, Inc. County: Washoe County Section 1 - Site Selection Ratings Directions: Please rate the select factors by importance to the company's business (1 = very low; 5 = very high). Attach this form to the Incentives Application. Availability of qualified workforce: Labor costs: Real estate availability: Real estate costs: Utility infrastructure: Utility costs: Transportation infrastructure: Transportation costs: State and local tax structure: State and local incentives: Business permitting & regulatory structure: Access to higher education resources: 5 5 3 3 3 3 OTHER FACTORS & RATINGS: 5 4 4 5 5 3 3 A BO A BO UTUT USUS MORE THAN 47 YEARS OF SERVICE ProThera®, Incorporated specializes in the research, formulation, and manufacture of nutraceutical products for exclusive distribution by healthcare professionals for clinical application. We have earned a reputation as an innovative, solution-oriented company whose products are based on a firm scientific foundation and sound medical research. Flexibility, rapid response, and personalized attention to the individual needs of customers describes our underlying service philosophy. Long associated with product innovation, our three brands offer a complete line of professional-quality nutraceuticals with over 400 products to enhance and support total health and wellness. Integrated Formulas ProThera® products were launched with the founding of ProThera®, Inc. in 2001. Its integrated formulation approach maximizes synergism between nutrients in a cost-effective fashion. Versatile multiple vitamin/mineral supplement formulas form the core nutrient foundation which coordinate with single ingredient and multinutrient formulas to create comprehensive programs by avoiding nutrient redundancy and utilizing fewer pills at lower cost. Foundational multivitamins • Ultra-pure fish oils • Coordinated multinutrients • Focused GI & Immune Support Anti-Aging & Total Wellness ProThera®, Inc. acquired the highly respected Klaire Labs® brand in 2004. Klaire Labs® was originally founded by Claire Farr in 1969 with the specific goal of providing nutritional support for individuals with severe food allergies and environmental sensitivities. Having developed some of the very first hypoallergenic supplements, Klaire Labs® can be used with confidence by even the most sensitive individuals. In February 2014, ProThera®, Inc. acquired Complementary Prescriptions™ adding effective supplements for anti-aging programs. Founded in 1979, the strength of the brand lies in providing a modular concept of establishing a nutritional foundation of multinutrients, minerals, and phytonutrients based on gender, age, and personal goals. Adding antioxidants, hormone support, and energizers further creates effective anti-aging programs. Broad probiotic selection • Hypoallergenic, dairy- and gluten-free • Antibiofilm and digestive enzymes • • Hormone support • Multinutrients, minerals, phytonutrients • Energizers CALL TOLL FREE 888-488-2488 pr o t h e rainc.co m • klair e.co m • cp m e dic al.n e t A BOUT US FROM OUR COMMUNITY TO YOURS ProThera®, Inc. is located in Reno, Nevada, nestled on the eastern slope of the Sierra Nevada. Reno is known for spectacular weather providing almost unlimited recreational activities, including the largest concentration of ski facilities within a 50-mile radius. The Truckee River runs through the heart of downtown Reno and just 30 minutes away is beautiful Lake Tahoe, the largest alpine lake in North America. Reno is home to a university, a Triple-A baseball park, an urban whitewater kayak park, multiple geothermal companies, and a great number of notable businesses. With over 110 employees, ProThera®, Inc. is an integral part of our thriving community. Skilled, driven, and dedicated employees define our organization. Our goal is to provide practitioners with educational resources, innovative products, and practice management solutions to support the communities they serve, including: Autism Spectrum and Special Needs Increasingly, parents and practitioners are finding that a biomedical approach may improve outcomes in children with special needs including those on the autism spectrum. Probiotics, digestive enzymes, vitamins, minerals, and specialty supplements are key components as primary interventions or as adjunctive measures. Medical Weight Management Mounting evidence indicates the intestinal microbiota contributes to the regulation of energy homeostasis, body weight, and glucose metabolism. New observations raise the exciting potential that probiotic and prebiotic supplementation may provide new options for supporting healthy weight management and energy metabolism by helping balance the gut microbiota. Surgical Weight Management Bariatric surgery can have a tremendous positive impact on health. However, these surgeries may also result in various nutritional deficiencies. We provide a comprehensive suite of products that are formulated to address common nutritional challenges vital to maintaining health. CALL TOLL FREE 888-488-2488 pr o t h e rainc.co m • klair e.co m • cp m e dic al.n e t Anti-Aging and Total Wellness Maintaining optimal health by slowing down the aging process from the inside out as individuals grow chronologically older is supported with innovative products such as antioxidants, hormone support, and advanced skincare formulas. Destination Health Resorts Those wishing to live healthier, longer, more joyful lives through integrative wellness programs often seek the advice of key opinion leaders and the tranquility of health resorts, which often build individualized programs utilizing our private labeling and custom formulation services. Advancing Integrative Medicine and Future Practitioners We have an unwavering commitment to help empower future generations of practitioners for a career in the art and science of natural medicine through training partnerships with leading holistic colleges. And, we are glad to have the opportunity to advance practitioners along their lifelong learning continuum by sponsoring events which provide high-quality professional development opportunities that enhance patient care. M A NUFAC TUR ING OV ERV IE W MANUFACTURING EXCELLENCE Manufacturing Overview ProThera , Incorporated nutraceuticals are produced in licensed manufacturing facilities that strictly adhere to current Good Manufacturing Practices (cGMPs). Products provided in tablet, capsule, and powder form are made in licensed manufacturing facilities. The facility is also approved by governmental agencies in the United Kingdom and the European Community (EC) to manufacture a drug product. Current GMPs and written standard operating procedures (SOPs) are strictly followed through all stages of production to produce products that meet or exceed United States Pharmacopeia (USP) standards. ® Excipients ProThera®, Inc. products are free of artificial flavors, preservatives, and colorings. Naturally derived, inert materials, including cellulose-based excipients, vegetable-derived magnesium stearate, L-leucine, and silicon dioxide are used in very small amounts as tableting and encapsulation aids. Tablets are protected with an inert, water-soluble cellulose coating that dissolves readily upon ingestion, thus facilitating disintegration time. Vegetarian capsules made of plant cellulose are used exclusively for twopiece encapsulated products. The following common allergens are avoided unless otherwise specified in ingredient listings: dairy, eggs, tree nuts, peanuts, wheat, yeast, and soy. ProThera®, Inc. operates an NSF GMP registered facility. NSF® is an independent, third-party inspection, testing, and certification company committed to public health and safety. ProThera®, Inc. integrates this GMP registration with ISO 9001 to ensure GMP 9000 compliance. Raw Material Specifications Active ingredients in ProThera®, Inc. products are selected based on purity, bioavailability, documented actions, and safety characteristics. Materials meeting USP standards are used for those nutrients where this standard exists. Raw materials are purchased exclusively from reputable vendors who provide detailed Certificates of Analysis for every lot of material. These certificates certify that active components, toxic elements, and microbial content are within specified acceptable parameters. Purity and potency of all raw materials are verified through independent testing laboratories by raw material vendors and ProThera®, Inc. All incoming raw materials undergo quarantine, inspection, evaluation, and identity testing by infrared spectroscopy. Purity and potency of all raw materials are verified through independent testing laboratories. Raw material vendors and third-party labs are routinely inspected by on-site audits for quality compliance by ProThera®, Inc. quality assurance personnel. Quality Control Laboratory Testing On-site laboratory personnel evaluate physical characteristics of each finished product including hardness, disintegration, moisture balance, friability, and pH. Purity and potency of finished product is independently verified through outside commercial laboratories using a randomized ingredient and batch testing program. ProThera®, Inc. tablets and capsules are tested using the official US Pharmacopeia (USP) testing method to ensure appropriate and reliable disintegration. Tablets and capsules disintegrate in 45 minutes or less to help maximize nutrient bioavailability. Key to General Pill Sizes (Actual size) Multivitamin Tablets Chewable Tablets Multivitamin Capsules Fatty Acid Softgels Mini Softgels CALL TOLL FREE 888-488-2488 pr o t h e rainc.co m • klair e.co m • cp m e dic al.n e t A BO UT US M A NUFAC TUR ING OV ERV IE W Klaire Labs® Probiotic Manufacturing Clinical effectiveness of probiotic organisms is dependent on many variables. Identification and selection of appropriate, documented probiotic species as well as maintenance of maximum viability throughout all stages of handling is central to expression of the full potential of beneficial microorganisms. Klaire Labs® probiotic quality assurance commitment consists of an aggressive, independent testing program that monitors and ensures the identity, viability, and hypoallergenicity of our finished products. Selecting the Proper Probiotic Strains Klaire Labs® uses only the purest and highest-quality probiotic ingredients available. Probiotic species used in our formulations have been researched, genetically documented, and representative microorganisms have been banked in recognized microbial culture collections. • Human-compatible species of Lactobacillus, Bifidobacterium, Saccharomyces, and other beneficial biota • Colonizing and transient species with documented benefit Testing All Probiotic Raw Materials Probiotics are highly sensitive to handling, transport, and storage. Our rigorous testing program monitors stability throughout all manufacturing stages. Upon receipt, all probiotic raw materials undergo independent laboratory analysis for verification of purity and stated potency prior to use in manufacturing. Humidity & Temperature Control Moisture and heat are enemies of probiotic viability. Our probiotic formulations are manufactured and packaged at a GMP-compliant facility, where filtered air systems and a humidity- and temperaturecontrolled environment help ensure product stability and purity at this critical stage of handling. Verifying Strain Identity Third-Party Testing of Each Finished Batch Ribotyping is a highly reproducible, precise diagnostic genetic fingerprint that identifies and classifies bacteria based upon differences in ribosomal RNA. This method establishes the authenticity of probiotic microorganisms by comparing them to strains documented in the literature to possess a specific genetic makeup or pattern. Strains used in Klaire Labs® probiotic formulations have undergone ribotyping to validate the specific genetic pattern in comparison to established, documented strains. To ensure that manufacturing and packaging processes do not adversely affect potency, all KIaire Labs® finished probiotic products are independently tested prior to release. Probiotic enumeration and microbial integrity are evaluated on each batch to ensure quality of the final product. RiboPrint® Pattern 116-101-7 ATTC 4356 Lactobacillus acidophilus The genetic fingerprint of Lactobacillus acidophilus in Klaire Labs ® probiotic formulas identified as L. acidophilus ATCC 4356 matches #116-101-7 in the RiboPrint® Pattern. Growing Dairy-Free Hypoallergenic Strains Cow’s milk allergy is one of the most common food allergies in infants and children. Evidence suggests that probiotics cultured using dairy products may be associated with an increased risk for developing sensitivity to cow’s milk. Ensuring the absence of dairy proteins in probiotic supplements is a difficult task, as almost all commonly available probiotic materials are grown on dairycontaining media. Klaire Labs® probiotic bacteria are specially cultured on a proprietary, vegetarian growth media to help ensure maximum tolerance and absence of dairy proteins. Certifying Each Batch as Dairy-Free Each finished batch of Klaire Labs® probiotics is analyzed using Neogen® Veratox testing, a highly sensitive technique that detects levels as low as 0.00025% (<2.5 ppm) of milk allergens such as casein. Other methods commonly employed in the industry have higher detection levels of 0.1% (1,000 ppm) and may inaccurately report absence of dairy even though it is present. Dairy-sensitive individuals can use Klaire Labs® probiotics with confidence. Maintaining Shelf-Life Routine inclusion of higher quantities of microorganisms than stated on our labels coupled with refrigerated storage and temperaturecontrolled shipping ensure that our probiotics, when properly stored and refrigerated, will retain their stated potency for at least one year from the date of manufacture. Shelf-life is confirmed by stability testing. Brand Potency Claim per Capsule Test Result Percent of Label Claim Milk Allergen Klaire Labs® Ther-Biotic® Complete 25 billion CFU 47.9 billion CFU 192% Below detection Company A 12 billion CFU 11.4 million CFU .10% 4 ppm Company B 15 billion CFU 25 million CFU .17% 16 ppm Company C 20 billion CFU 26.3 million CFU .13% Below detection (.0114 billion CFU) (.025 billion CFU) (.0263 billion CFU) CALL TOLL FREE 888-488-2488 pr o t h e rainc.co m • klair e.co m • cp m e dic al.n e t Our Values We aspire to a set of values which are the guiding principles that define how we conduct our business and what we stand for as a company. FAMILY ORIENTATION • Support staff to achieve a genuine work-life balance • Flexible efficient working environment • Commitment to the community MULTICULTURALISM • We believe in a multicultural organization to best understand the needs of our market • A broad range of talents and views are encouraged TRUST AND RESPECT • Teamwork and inclusivity • Personal responsibility & empowerment • Integrity in everything we do • Equal respect for all (internal & external) • Follow through on promises ENTREPRENEURIALISM • Always create & explore opportunities • Take on big challenges and see them through • Passion for success and to excel • Freedom to learn from mistakes • Challenge the status quo - a “can-do” attitude • Be innovative in our thinking
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