Niagen Bioscience IncNAGE
Price$2.68Intrinsic value$2.9510% above price

Qualitative Analysis

Business overview

Business Overview

Niagen Bioscience, Inc. (NASDAQ: NAGE), formerly known as ChromaDex Corporation, is a global leader in NAD+ (nicotinamide adenine dinucleotide) science and healthy-aging research. Headquartered in Los Angeles, California, the company specializes in developing and commercializing proprietary aging solutions, notably its flagship patented ingredient Niagen® (nicotinamide riboside, or NR). Niagen® is clinically proven to increase NAD+ levels efficiently and serves as the core ingredient powering the company's suite of brands. These include Tru Niagen®, its leading consumer oral supplement brand, and Niagen® Plus, its pharmaceutical-grade intravenous (Niagen IV) and injectable brand. The company operates a capital-light, outsourced consumer-health platform, managing ingredient sourcing and finished-goods production through qualified external manufacturing relationships.

Research as of 19 Jun 2026

Strategic Initiatives

Growth programs, investments, and their expected impact

AI-assisted
Niagen Plus Telehealth Platform & At-Home Injection KitsInnovation

Launched a clinician-directed telehealth platform enabling eligible U.S. patients to access prescription-only, pharmaceutical-grade Niagen at-home subcutaneous injection kits.

Expected impact: Expands the clinical channel beyond in-person settings, introducing a direct-to-patient access model that leverages the growing consumer comfort with at-home injectables.

Sign in / Sign up to read more
InvestmentIncreased research and development, infrastructure, and marketing investments.
TimelineLaunched in May 2026; scaling throughout 2026.
Niagen Skincare Innovation Lab & NanoCloud LaunchExpansion

Established the Niagen Skincare Innovation Lab and introduced Niagen NanoCloud, a limited-release topical skincare product representing a new category extension for the company's NAD+ technology.

Expected impact: Enters the high-margin premium topical skincare market, diversifying the product portfolio beyond oral dietary supplements.

Sign in / Sign up to read more
InvestmentDedicated R&D and brand marketing investments.
TimelinePilot launched in March 2026; wide commercial launch scheduled for October 2026.
Non-Core Divestiture & Operational StreamliningTransformation

Sold the legacy ChromaDex Analytical Reference Standards and Services business to LGC Standards to fully exit non-core activities.

Expected impact: Streamlines operations, eliminates non-core G&A expenses, and focuses capital and talent entirely on NAD+ science, intellectual property, and commercial growth in the longevity industry.

Sign in / Sign up to read more
InvestmentMinimal; transaction was an all-cash divestiture.
TimelineCompleted on February 24, 2026.

Mergers, Acquisitions & Partnerships

Recent deals and strategic collaborations

AI-assisted

Recent Acquisitions

Queen's University Belfast (Core NR Patent Portfolio)$1MComplete
Announced 22 Dec 2025

Acquired a comprehensive portfolio of existing patents covering nicotinamide riboside (NR) and its salt forms, consolidating the most critical intellectual property underlying the NR business. This transaction transitioned Niagen Bioscience from an exclusive licensee to the sole owner of the core body of patents underpinning the production, composition, and commercial use of NR.

Financial impact: Replaced prior joint ownership and licensing agreements, mutually terminating royalty obligations. Includes a $1.0 million payment for accrued royalties through 2024, annual payments of $500,000 and £35,000 from 2026 to 2038, and one-time payments of $1.5 million in 2035 and $2.0 million in 2038.

Sign in / Sign up to read more

Strategic Partnerships

OneSpaWorldCommercial Distribution Agreement

Marks the company's first cruise ship clinic partnership, expanding the Niagen Plus clinical footprint to over 80 Medi-Spa clinics onboard high-end cruise ships and introducing a premium channel targeting high-intent, on-vacation consumers.

Terms: Wells Pharma of Houston, a U.S. FDA-registered 503B outsourcing facility, compounds and distributes the pharmaceutical-grade Niagen IV (500 mg) for the cruise ship clinics.

Sign in / Sign up to read more
Haukeland University HospitalExclusive Commercial License Agreement

Secures exclusive global rights to develop and commercialize patented nicotinamide riboside (Niagen) as a potential pharmaceutical therapy for Parkinson's disease, utilizing clinical data from the Phase III NOPARK trial.

Terms: Underpins the establishment of a wholly owned subsidiary dedicated to regulated drug development in neurodegenerative diseases.

Sign in / Sign up to read more
AI-assisted, source-linked narrative; figures from company filings (SEC EDGAR) and market data. Dates shown per section. Not investment advice. Terms of Use.