Integumen receives orders from trio of global firms

Josh White Sharecast | 19 Jun, 2017 14:31 | | |

calculatrice-et-trombones-comptes-entrepreneurs-entreprises-argent-finances-tpe-pme-entreprenariat-finances-banques-startup-business-plan-argent

Integumen

2.88

17:18 22/06/17
-8.00%
-0.25
  • 37,343.74
  • -0.06%-23.61
  • Max: 37,515.12
  • Min: 37,221.63
  • Volume: 0
  • MM 200 : n/a
17:18 22/06/17

Human integumentary system-focussed personal healthcare company Integumen announced on Monday that it had received orders from La Prairie, Merck & Co., and Galderma.

The AIM-traded firm said it had first received orders from Swiss-based beauty company La Prairie, for Integumen to conduct efficacy trials using its ‘Labskin’ product as the platform, which would test certain materials in La Prairie's range of products.

Its board described Labskin as a “three-dimensional human skin equivalent” (HSE) model that resembled the discrete biological layers found in human skin.

Since the EU ban on testing of cosmetics on animals, the company believed it was “ideally positioned” to take advantage of the fact that HSEs were being increasingly used by developers operating in the dermatology space, such as La Prairie.

The second order, from international developer, manufacturer and distributor of pharmaceuticals Merck, was an evaluation order with Integumen - also for the company's Labskin HSE model.

Its third order announced on Monday was from dermatological treatment specialist Galderma, a subsidiary of Nestlé.

Galderma also ordered Labskin for the testing of materials and formulations in their headquarters in Lausanne, Switzerland.

“We are delighted to receive these orders from such reputable blue chip clients,” said Integumen CEO Declan Service.

“With an ever-increasing focus on the human microbiome, Labskin's advantage of being able to host bacteria in a similar environment to that of human skin is proving to be an attractive option for companies focussed on R&D in skincare.”

Service said that, while relatively small in revenue terms, the three orders both demonstrated the company’s ability to commercialise its products and technologies, and its ability to build relationships with established companies.

“In addition, we have secured our first order for Labskin under the three-year OEM supply agreement we signed with our partner in Germany, all of which is testament to the hard work our sales and marketing team continues to do.”

More news

17:39 FX round-up: Sterling mixed, prone to volatility as PM May heads Brussels

Sterling had a mixed Thursday as PM Theresa May went to Brussels to unveil to European leaders her allegedly more generous plans for the rights of EU citizens in the UK.

17:26 London close: FTSE scrapes along as PM takes her Brexit show to Brussels

The FTSE scraped along to a lower close as PM Theresa May looked took her Brexit and hung-parliament show to Brussels.

17:01 Commodities: Crude gets a Thursday fillip higher, but downside risk remains

Prices of crude oil got a Thursday fillip higher as investors took some note of recent falls in US inventories, but nonetheless remain mindful of the black liquid's potential for further declines.

16:57 Union alleges serious decline in construction inspections

The Unite union issued a statement on Thursday, confirming it was seeking “urgent meetings” with ministers and the Health and Safety Executive (HSE) after a freedom of information (FOI) request revealed a “sharp drop” in construction inspections.

16:10 EVR virtual reality platform enters global partnership with Microsoft

Virtual reality content creator EVR Holdings announced on Thursday that its subsidiary MelodyVR had entered into a global partnership and ‘Windows Mixed Reality App’ collaboration agreement with Microsoft Corporation.

16:08 FTSE 250 movers: Rotork boosted by upgrade; JD Sports goes ex-div

London's FTSE 250 down 0.1% to 19,664.53 in afternoon trade.

16:00 TP Group added to MOD supplier framework

Specialist services and engineering company TP Group announced on Thursday that it had been awarded listing on the ‘Multi-Participant Framework Agreement’ for technical support (FATS/5).

15:28 Friday preview: Eurozone and US flash PMIs to give early GDP growth reading

The UK corporate diary is all but empty on Friday, with most financial events happening away on foreign shores, with first 'flash' readings of June surveys for the eurozone and US.

15:19 US open: Wall Street little changed as oil prices stabilise

Wall Street's main indices were little changed in early trading as oil prices recovered their footing and against a backdrop of solid readings on the jobs and housing markets.

14:49 FTSE 100 movers: Provident Financial recovers; United Utilities goes ex-div

London's FTSE 100 was down 0.3% to 7,426.43 in afternoon trade.