Archives for March 11, 2004

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SkinMedica invest in cosmeceuticals

SkinMedica - a specialty pharmaceutical company - is to receive financing to further expand its cosmeceutical pipeline. The company has entered a deal with existing, and new investors to sell $25.8 million of its Series D preferred shares.

L'Oréal plans for Shanghai R&D base

L'Oréal, the world's largest cosmetics group, is to set up a research & development (R&D) centre in Shanghai following the group's success in China. L'Oréal's chinese business recorded the highest growth for the international giant in 2003 when sales...