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NGS Grow into Sports Supplements for 2023

11 January 2023 11:06

Nutritional Growth Solutions are set to expand into the burgeoning sports supplement market, having kicked off a pilot clinical trial of its innovative nutritional supplement for adolescent athletes.

The objective of the trials is to determine the efficacy and safety of the new supplement through a randomised double-blind placebo-controlled trial of 50 healthy soccer players that will unfold across eight weeks of treatment followed by an eight-week open-label period.

NGS’ maintains that while building sales of its existing products in the US remains its focus for 2023, it is looking to build a pipeline of innovative and exciting products to sell through its existing and additional distribution channels throughout the rest of the year.

The Company says the trial represents its first steps into the growing sports supplement market.

“The global sports nutrition market and supplements was valued at US$44.43 billion in 2021 and is expected to increase in value to US$85.7 billion by 2030,” Chief Executive and Managing Director Liron Fendell said.

“Based on extensive research, NGS has formulated an innovative nutritional supplement, aimed at completion of the high nutritional requirements of adolescent athletes to help them improve their body composition, exercise performance and general health.”

NGS’ Australian Stock Exchange-listed share price is currently selling at 5.5c (11:05 am UTC+8 hours).

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