Industry News Flash #11 - Personal Care - November 27, 2024

⚡️ Personal Care Industry News Flash 🗞️ 

Ingredient Launch:

SMARTEEN™ by McKinley Resources, Inc. is a natural neurocosmetic active ingredient that focuses on reducing undereye puffiness by enhancing microcirculation, diminishing browns spots through anti-tyrosinase activity and smoothing wrinkles by boosting collagen type I production. Check it out on Covalo now! 

Scientific Breakthrough:

South Korean researchers have discovered a novel DP2 antagonist, known as DP2A, aimed at treating androgenetic alopecia (AGA) — the most common type of hair loss in men. Through the AI-driven DeepZema drug development program, a collaboration between Konkuk University, Innovo Therapeutics, Dankook University and Dankook University Hospital, it was found that DP2A effectively targets the DP2 receptor of PGD2, a lipid mediator associated with hair loss. This discovery signifies a promising advancement for those looking for alternatives to existing treatments, such as minoxidil and finasteride. For further details, read the full article here.

Regulations & Compliance:

The Drugs Controller General of India (DCGI) has announced it will be addressing 'misleading' claims made by cosmetic products, urging the industry to adhere to regulatory standards. This initiative follows revelations that some anti-aging promises were stretching the truth a bit too far. During a meeting with cosmetics industry stakeholders, there were calls to relax stringent regulatory protocols for imported products. They highlighted that many imported cosmetics are being rejected at ports due to non-compliance with standards set by the drugs regulator, resulting in significant financial losses for importers. 

Company Update:

Givaudan has launched its first fine fragrance creative hub in Shanghai, China. The Swiss fragrance supplier aims to collaborate with Chinese brands to co-create perfumes at L'Appartement 125. This facility features a fully equipped laboratory, an interactive fragrance wall, and a sensory garden. Perfumers will have access to the company's olfactory palettes, which include local Chinese ingredients. In their statement, Givaudan expressed that "[b]y engaging with local talent and fostering innovation, Givaudan aims to create a vibrant community of fragrance creators."

Sustainability Update:

Beauty powerhouse L'Oréal has partnered up with Chenavari Investment Managers to establish a fund aimed at supporting supplier decarbonization efforts. The French beauty leader is initially investing €50 million into this fund. Industrial suppliers, including those partnered with L'Oréal, will be able to utilize financial solutions provided through the fund to advance their decarbonization initiatives. Additionally, the fund welcomes further contributions from institutional investors, including other corporations. 

Events & Tradeshows:

Happening 5-7 December: Cosmoprof India, the B2B show for the beauty industry in India. This event uniquely highlights all sectors of the beauty industry, covering everything from ingredients to finished products. Secure your tickets here

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