Elysium Health Explained

Elysium Health
Type:Private
Industry:Dietary supplements
Location City:New York City, New York, U.S.

Elysium Health is an American manufacturer of dietary supplements based in New York City.

History

Elysium Health was founded in 2014 by Leonard Guarente, Dan Alminana, and Eric Marcotulli.[1]

In 2015, Elysium introduced its first product, Basis, which contains nicotinamide riboside and pterostilbene.[2] [3]

In December 2016, Elysium received an investment of $20 million in Series B funding.[4] [5]

In 2019, Elysium introduced a test called Index that uses epigenetic analysis on saliva samples to estimate biological age.[6] [7]

In October 2021, Elysium launched a supplement called Format, which is associated with anti-aging and immune system support.[8] [9]

Criticism

The company has been criticized for using its advisory board to lend credibility to its product and for heavily marketing their product on social media.[10] [11] [12] [13]

Litigation

Elysium originally bought the ingredients in Basis from ChromaDex, which as of December 2016, sold the two ingredients to other supplement companies that also marketed products containing them.[12] [13] [14] The two companies had an agreement under which Elysium Health did not have to acknowledge ChromaDex as the source of the ingredients, but then after Elysium recruited the VP of business development from ChromaDex and reportedly stopped paying ChromaDex, ChromaDex sued Elysium and the information became public.[15]

In September 2018, Dartmouth College and ChromaDex sued Elysium for infringing on patents for nicotinamide riboside.[16] In August 2020, W.R. Grace and Company also sued Elysium for infringing on their patents for crystalline nicotinamide riboside.[17] In September 2021, the claims by Dartmouth and ChromaDex were dismissed by a U.S. district judge, essentially invalidating their patents.[18]

External links

Notes and References

  1. Friend. Tad. Silicon Valley's quest to live forever. The New Yorker. April 3, 2017.
  2. Zhang . Sarah . The Weird Business Behind a Trendy "Anti-Aging" Pill . en-US . Wired . 2022-05-23 . 1059-1028.
  3. News: Weintraub. Karen. February 3, 2015. The anti-aging pill. MIT Technology Review. 5 February 2015.
  4. Web site: Anti-aging pill startup Elysium Health inks at least $20 million in Series B funding. TechCrunch.
  5. Web site: Anti-aging pill maker Elysium Health raises $20 million. December 6, 2016. Reuters.
  6. Web site: Harris. Ainsley. 2019-11-04. How old are you really? Elysium Health will tell you—for $500. 2021-09-10. Fast Company. en-US.
  7. Web site: Corbyn . Zoë . 2022-05-07 . Morgan Levine: 'Only 10-30% of our lifespan is estimated to be due to genetics' . 2022-05-23 . the Guardian . en.
  8. Web site: Marks . Taylor . Format: Elysium's New Supplement for the Aging Immune System . 2022-05-23 . AGEIST . en-US.
  9. Web site: Lieberman . Maryam . The Best Beauty Supplements of 2021 . 2022-05-23 . W Magazine . 16 December 2021 . en.
  10. News: Weintraub. Karen. Critics blast star-studded advisory board of anti-aging company. MIT Technology Review. January 6, 2017. en.
  11. News: Vinluan. Frank. First clinical trial done, Elysium lands $20M for health supplements . Xconomy. 6 December 2016.
  12. News: Wallace. Benjamin. An MIT scientist claims that this pill is the fountain of youth. New York Magazine. en. August 23, 2016.
  13. Zhang. Sarah. The weird business behind a trendy "anti-aging" pill. Wired. July 6, 2016.
  14. News: Lowe. Derek. Subtle changes can be yours, for fifty dollars a month . In the Pipeline. 25 April 2016.
  15. News: Buhr. Sarah. A new lawsuit alleges anti-aging startup Elysium Health hasn't paid its sole supplier. TechCrunch. January 16, 2017.
  16. News: ChromaDex, Elysium lock horns over outcome of appeals court decision on nicotinamide riboside patents. 2021-01-01. NutraIngredients-USA. en-us. Schultz. Hank.
  17. Web site: W.R. Grace Sues Elysium for Patent Damages on Dietary Supplement. Bloomberg Law. en-us. 2021-01-01. Yasiejko. Christopher.
  18. Web site: 2021-09-29. Jury verdict tilts toward Elysium Health in dispute with ChromaDex, court records show. 2021-10-30. Natural Products INSIDER. en.

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