L’Oreal Doubles Down On Biotech; LIFT Beauty Accelerator; EVER Skin Care Acquired; Cosmetics News

Through this exciting partnership and adoption of breakthrough technology, we are well-positioned to drive the creation of more sustainable and effective products that meet the demands of our consumers and fulfils our duty of care for the planet,” says L’Oréal Groupe’s Guive Balooch on the firm’s expanded partnership with Debut Biotechnology. More cosmetics news in brief.

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San Diego-based Debut Biotechnology, Inc. is expanding its agreement with L’Oréal SA to develop more than a dozen “vital, bio-identical” ingredients that will replace conventionally sourced ingredients currently used in L’Oréal’s global beauty and personal-care brands across skin, hair, color cosmetics and fragrances, the firm announced on 2 July.

The company inked an agreement last summer with L’Oréal to develop “the next generation of high-performing active ingredients” for beauty and personal-care products after raising $34m in a Series B funding round led by L’Oréal’s venture capital fund BOLD

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