Biotech firm Sirona Biochem has released results of an industry standard safety test of its skin lightening compounds that, coupled with previous tests on efficacy, should help the US firm break into the growing market for such products.
The National Industrial Chemicals Notification and Assessment Scheme (NICNAS) is consulting on the regulatory impacts of the proposed adoption of the revised Australian and New Zealand Sunscreen Standard.
According to the market researcher, a rising preference for Eastern traditional ingredients in the West has seen the Thai beauty market to have grown by 44 percent since 2008 and is estimated to reach US $4.8 billion by 2015.
Cosmetics player Estée Lauder is furthering its efforts to make its presence felt in Asia-Pacific and leverage its rapid sales growth in China by launching a new skin care line aimed specifically at the local consumers.
New York-based cosmetics manufacturer has turned to an Australia-based biotechnology company to provide the peptide for its anti-aging creams as it looks to meet consumer demand for products that tackle skin damage.