Medifast, Inc. (NYSE: MEDICATION) is an American nourishment and also weight loss business based in Owings Mills, Maryland. The firm owns 5 subsidiaries: Jason Pharmaceuticals, Inc. (Jason), Take Shape permanently, Inc. (TSFL), Jason Enterprises, Inc., Jason Feature, LLC as well as 7 Crondall, LLC. Medifast creates, distributes, as well as offers weight administration and also disease administration items, including the Medifast weight-loss program.
The business is public with a 2012 market capitalization of $250 million.
Medifast, Inc. wased established by William Vitale, M.D. in 1980. His items were offered straight to doctors, who consequently recommended them to their patients.
The products are now readily available directly to customers, and the business is openly traded on the New York Stock Exchange (symbol: MED).
In October 2010, Medifast was named the # 1 Small Company in The u.s.a by Forbes journal in the checklist of ‘America’s 100 Finest Tiny Firms.’ This was the third consecutive year that Forbes has realized Medifast, which progressed to number 16 on the list in 2009, compared with number 85 in 2008.,
In September 2012, Medifast’s subsidiary, Jason Pharmaceuticals, paid a $3.7 million USD civil penalty as part of an approval decree with the United States Division of Justice as well as the Federal Profession Payment. The federal government firms said that advertisements for the ‘Medifast 5 as well as 1 Strategy’ low-calorie diet told consumers they could ‘lose approximately 2-5 extra pounds weekly.’, as well as that these weight-loss cases did not have a sensible basis of support in clinical evidence.