THE WHAT? Amyris, a bankrupt biotech company, has auctioned off four of its beauty brands to various buyers.
THE DETAILS Biossance, a skincare brand centered around squalane, was sold to THG Beauty for $20 million. Scent Theory Products bought the hair care brand 4U By Tia for $600,000, while Dr. Reddy’s Labs acquired the women’s health and technology company Menolabs for $3 million. The clean baby care brand Pipette was purchased by HRB Brands for $1.75 million. Amyris, known for its sustainable beauty ingredients and collaborations with celebrities, filed for bankruptcy in August.
THE WHAT? These sales are part of Amyris’ bankruptcy proceedings to pay off its debts. Despite its innovative approach in the beauty sector, Amyris faced financial challenges, leading to the divestiture of these assets. The company’s other brands, such as Stripes, Rose Inc., and JVN, are still awaiting potential sales or closure. Furthermore, Francisco Costa made a bid for his brand Costa Brazil, and acquired assets of Onda Beauty through an auction. These developments are part of the ongoing reorganisation of Amyris’ business following its bankruptcy.
Aesthetic supplies USA refers to products and equipment used in the field of aesthetic medicine and cosmetic treatments that are available for purchase in the United States. These supplies encompass a wide range of items necessary for various aesthetic procedures and treatments conducted by professionals such as dermatologists, plastic surgeons, aestheticians, and other qualified practitioners.
Examples of aesthetic supplies include:
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Dermal Fillers: Injectable substances used to restore volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
