Medifast Inc - Company Profile
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Business Description
Medifast Inc (Medifast) is a manufacturer and supplier of weight management, weight loss and healthy living products. The company’s major brands include OPTAVIA, Optimal Health by Take Shape for Life, Medifast and Flavors of Home.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
R&D Overview
R&D activities of the company focuses on the development on new products and improving the existing products portfolio. The organization causes innovative work costs regarding the improvement of new items and projects and clinical examination exercises, which are discounted as brought about. In the accompanying consolidated statements of income, they are listed as an expense in the categories of selling, general, and administrative. For the years ending December 31, 2022, 2021, and 2020, the company incurred research and development expenses totaling US$4.5 million, US$4.4 million, and US$2.8 million, respectively.
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