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Tharos Ltd was founded in 2016 following years of research by Dr Rosemary Waring (Honorary Reader of Toxicology, Birmingham University) and Professor John Hunter (Consultant Emeritus in Gastroenterology, Addenbrooke's Hospital). Its research into gut health resulted in the production of an enzyme rich malt extract (ERME) product. This product was trialled with significant success on a flat racing yard in 2012. This research, combined with other independent studies on gut health in horses and humans, lead to the development of EquiNectar®.