Nu Skin Settles License Suit
A legal battle between Nu Skin Enterprises and a Salt Lake City company over license rights to a medical scanning technology, and where it can be used, was quietly settled.
The Provo company, on March 7, acquired Caroderm Inc.'s license rights to the University of Utah Research Foundation's patented technology -- which measures the level of carotenoids in human skin -- for an undisclosed sum. Carotenoids are antioxidants found in fruit and vegetables that reduce the risk of cancer and heart disease.
In 2002, Nu Skin received partial license rights to the university's scanning technology, and its Pharmanex nutritional supplements division developed the BioPhotonic scanner. These scanners -- which measure the body's level of antioxidants by scanning the palm of the hand with a low-energy laser -- are used by Nu Skin distributors to market Pharmanex's nutritional supplements.
Nu Skin, which to date leased 5,000 BioPhotonic scanners worldwide, derives nearly 50 percent of its total revenues from the sale of Pharmanex supplements.
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