Gum Tech International, a US nutrient and drug delivery technology company announced recently that it has completed the previously announced purchase of the forty per cent interest in Gel Tech, LLC, owned by Zensano, Inc. Completion of the purchase makes Gel Tech a wholly-owned subsidiary of Gum Tech.
"We are pleased that the acquisition is final and we can move forward with our previously announced plans for the Zicam brand of products, which include increased domestic distribution, international marketing and product extension opportunities" said Mr. Carl J. Johnson, President and Chief Executive Officer of Gum Tech.
Gel Tech, LLC, its wholly-owned subsidiary, produces, markets and sells Zicam™ Cold Remedy, a patented, revolutionary homeopathic remedy that significantly reduces the duration and severity of the common cold, and Zicam™ Allergy Relief, a homeopathic remedy designed to provide relief to allergy sufferers.