HealthSport Acquires InnoZen For $40M

HealthSport, a developer of branded nutrional supplements, said Monday that it has completed its acquisition of Woodland Hills-absed InnoZen, a developer of edible film strips for delivering drugs. The deal was worth $40M in stock. InnoZen's products are used in edible film strips, including Chloraseptic Sore Throat Relief Strips. InnoZen received $2.94M in angel funding from the Tech Coast Angels in June of 2005.