Novarex-Doodream Collaborate on Developing Body Fat Health Functional Food

Novarex and Doodream have agreed to collaborate on the development of a body fat health functional food.

Novarex announced on the 28th that it recently signed a business agreement with Doodream for the development of a ‘Haeguk extract’ product.

Representatives from Novarex and Dodream Co., Ltd. are posing for a commemorative photo after signing a business agreement to collaborate on the development of functional health foods for body fat. Photo by Novarex

Haeguk extract is a substance recognized by the Ministry of Food and Drug Safety as an individually approved ingredient that can help reduce body fat (Approval No. 2022-36).

Under the agreement, Novarex will supply Haeguk extract to Doodream. Taking this opportunity, the two companies plan to launch new products in the market by commercializing the individually approved ingredient ‘Haeguk extract’ owned by Novarex.

They also plan to continue cooperation to enhance their corporate value and market competitiveness by mutually sharing trends in the health functional food market.

Novarex holds a total of 44 individually approved ingredients, including four owned by its subsidiary Novawells.

A Novarex official said, “It is meaningful to develop products in collaboration with Doodream, which has well-known brands among consumers such as Icltime and Lipiera,” adding, “Novarex will strive to launch competitive body fat reduction health functional foods in the market through synergy with Doodream.”

This content was produced with the assistance of AI translation services.