financetom
Business
financetom
/
Business
/
Niagen Says Its Operations Remain Resilient Amid Recent Tariff Developments
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Niagen Says Its Operations Remain Resilient Amid Recent Tariff Developments
Apr 7, 2025 7:13 AM

09:59 AM EDT, 04/07/2025 (MT Newswires) -- Niagen Bioscience ( NAGE ) said Monday that it does not expect global tariffs to disrupt its ability to manufacture food- and pharmaceutical-grade Niagen products, nor will they have an adverse impact on its ability to maintain costs and pricing.

The company said all of its vitamins and food supplements are manufactured in the US by privately held specialty chemicals company WR Grace and are tested, bottled and packaged domestically. It also said only a small percentage of its raw materials are sourced internationally, which keeps costs relatively stable in the face of global price volatility.

Foreign sales accounted for 24% of Niagen's revenue last year, with half of that coming from AS Watson in Hong Kong, which remains a duty-free market, the company said.

Niagen chief executive officer Rob Fried said the company had previously decided to establish a US-based supply chain to ensure long-term resilience and quality.

Niagen shares were more than 6% lower soon after Monday's opening bell.

Price: 5.64, Change: -0.38, Percent Change: -6.23

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
JPMorgan CEO Dimon Says He's Placing Lower Odds on Possibility of a Soft Landing
JPMorgan CEO Dimon Says He's Placing Lower Odds on Possibility of a Soft Landing
Oct 3, 2024
02:04 PM EDT, 09/20/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) Chief Executive Jamie Dimon said he is giving lower odds on the possibility of a soft landing in the US. I hope its true, but I'm also more skeptical that inflation is going to go away so easily, not because it hasn't come down - it has -...
Sector Update: Consumer
Sector Update: Consumer
Oct 3, 2024
01:48 PM EDT, 09/20/2024 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.3%. In corporate news, FedEx ( FDX ) shares tumbled more than 13% after it reported a surprise drop late Thursday in fiscal Q1 adjusted earnings...
Stifel Financial in talks to buy B. Riley's wealth management unit, source says
Stifel Financial in talks to buy B. Riley's wealth management unit, source says
Oct 3, 2024
NEW YORK, Sept 20 (Reuters) - Embattled investment bank B. Riley Financial ( RILY ) is in talks to sell its wealth management business to Stifel Financial ( SF ) for more than $100 million, a source familiar with the matter said on Friday. The talks come as B. Riley tries to raise funds after a second-quarter loss warning and...
Murdoch-backed REA sweetens offer for UK's Rightmove to nearly $7.9 bln, FT reports
Murdoch-backed REA sweetens offer for UK's Rightmove to nearly $7.9 bln, FT reports
Oct 3, 2024
Sept 20 (Reuters) - REA Group ( RPGRF ), majority-owned by Rupert Murdoch's News Corp ( NWSA ), has sweetened its takeover offer for Britain's real estate portal Rightmove ( RTMVF ) to about 5.9 billion pounds ($7.86 billion), the Financial Times reported on Friday. The Australian firm is now offering 750 pence per Rightmove ( RTMVF ) share, up...
Copyright 2023-2026 - www.financetom.com All Rights Reserved