IM HealthScience establishes new VMS and OTC manufacturer called Physician's Seal

BOCA RATON, Fla. — IM HealthScience, a privately-held medical foods company based here, on Wednesday announced it has created an independent spin off called Physician's Seal. The new company will focus on the development and commercialization of novel- and science-based dietary supplements and over-the-counter drugs.

 

"We are proud to expand our family of businesses to a wider market using our exceptional science base and our broad intellectual property portfolio," stated Fred Hassan, non-executive chairman IM HealthScience. "We also will be leveraging the success of our initial medical foods product, IBgard, specially formulated for the dietary management of Irritable Bowel Syndrome," he said. "We recognize the need for more scientifically validated dietary supplements and OTC drug products and I feel that Physician's Seal can help contribute by offering innovative and differentiated products."

 

The new company has named Hassan's son, Daniel Hassan, as its CEO. Prior to his new role, Daniel Hassan served as chief commercial officer of IM HealthScience.

 

This will be the second CEO position that Daniel Hassan has held over the last decade. Previously he ran Boston-based technology company, BCM, before joining IM HealthScience four years ago.