The company initially contracted manufacturing for its GIAA Line products, which were peptide-based and did not involve stem cells. GIAA, a related party, was the sole customer for this product line. After discontinuing the GIAA Line in 2008, the company developed a proprietary process in 2011 to extract human adult stem cells from fat cells for its NuGene line of cosmeceuticals. These products were manufactured in-house at a leased laboratory facility owned by an affiliated entity of one of the founders. By the end of 2014, NuGene products were distributed through wholesalers to approximately 50 medical offices and medical spas. The company also generated revenues from Advanced Surgical Partners (ASP), an affiliate owned by the CEO, Mr. Ali Kharazmi, and the Chairman of the Board, Mr. Mohammed Kharazmi.
Livento Group Inc's Comment on Supply Chain
The company initially contracted manufacturing for its GIAA Line products, which were peptide-based and did not involve stem cells. GIAA, a related party, was the sole customer for this product line. After discontinuing the GIAA Line in 2008, the company developed a proprietary process in 2011 to extract human adult stem cells from fat cells for its NuGene line of cosmeceuticals. These products were manufactured in-house at a leased laboratory facility owned by an affiliated entity of one of the founders. By the end of 2014, NuGene products were distributed through wholesalers to approximately 50 medical offices and medical spas. The company also generated revenues from Advanced Surgical Partners (ASP), an affiliate owned by the CEO, Mr. Ali Kharazmi, and the Chairman of the Board, Mr. Mohammed Kharazmi.
Sources:
Livento Group Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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