Major European pharma firm secures stake in health tech business
Fast-growing health brand Rem3dy Health has announced its expansion into Europe after heritage pharmaceutical enterprise UPSA acquired a stake in the business.
The tech firm is behind Nourished, the world’s first customised nutrition brand that uses patented 3D printing technology, developed in-house, to create 100% personalised nutrient ‘stacks’.
Now Nourished’s product range will be in 7,000 UPSA pharmacies throughout France and 5,000 UPSA pharmacies in Italy, over the coming year. UPSA’s investment is set to support the development of a new technology created in-house by Rem3dy, to increase production capacity by 30x, resulting in further patents for the business.
Based in Birmingham, the company was founded in 2019 with just five employees. Since then, it has expanded its team to over 275, more than doubling its headcount since January 2023 in support of the European launch.
The announcement follows on from Rem3dy’s expansion into Japan and it receiving the King’s Award for Enterprise in innovation. It also has secured partnerships with Neutrogena and Colgate.
Rem3dy’s founder & CEO, Melissa Snover said: “As the sole female Founder of a manufacturing scale-up, the opportunity to collaborate with Isabelle Van Rycke, CEO of UPSA, has held profound personal significance for me. Isabelle and I share a passion for innovation, a dedication to delivering world-class quality, and an ambition to disrupt the health and wellness industry on a global scale.
“I am confident that the synergy between our manufacturing and pharmaceutical powerhouses will continue to yield remarkable and much-needed innovation in the market. Our continued collaborative effort will provide ground-breaking, preventative nutritional solutions that cater to the needs of our valued customers.”
Isabelle Van Rycke, President and CEO of UPSA added: “In an ever-changing environment, a company like UPSA can only continue to grow if it constantly reinvents itself.
“Our acquisition of a stake in Rem3dy Health is a sign of this agility and our desire to continue to adapt our offer to the new expectations of consumers in the food supplement market.”
