Integumen PLC - Microbiome and Labskin clone R&D agreements signed
AIM share code: SKIN
("Integumen" or "Company")
3,000 square foot Labskin laboratories officially opened
Microbiome and Labskin clone R&D agreements signed with three Top 20 cosmetic companies
Integumen announces that its Labskin subsidiary has signed agreements with two new, and one existing, Top 20 global cosmetic company clients for microbiome research and development ("R&D") services, worth an aggregated low six-figure value, to be completed over the next four months. Additional R&D service agreements from all three clients are expected to follow on after these initial trials are completed.
Under the agreements, the Company will provide the first commercially available combination of cloned Labskin, microbiome tests and gene sequencing using data analytics on the LabskinAI platform. These are expected to confirm the impact of our clients' new products and ingredients on human skin. This extends the range of test services to include R&D support services, making full use of the Labskin healthy and diseased living skin models, at our newly enlarged laboratories in
"We are delighted to open our new enlarged facilities in
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Integumen is a vertically integrated product and services company for skin related diseases, treatments and therapies with four business units:
· Labskin AI's technology platform incorporates artificial intelligence within clinical research for medical device, pharmaceuticals, cosmeceuticals and related life science test services. Labskin allows skincare, healthcare, pharmaceutical manufacturers and cosmetic companies to test their products on human-like skin in a real-world environment with full access to multiple state-of-the-art partner technologies.
· Rinodrive is a data aggregation, refining and AI analysis open-source eco-system designed to provide third-party service providers the ability to offer their clients valuable insights that support clinical, operational and financial decisions in healthcare services, third-level education, government departments and the financial sector.
· Wound pHase is developing skin and wound care products using its proprietary wound dressing technology. Working in collaboration with CBD providers creating a CBD infused diabetic wound care product range.
· Stoer-for-men skin products e-commerce division offers a range of skincare products derived from 5 natural super-ingredient plant extracts specifically for men to reduce the signs of ageing and is also used as a control for client testing within Labskin laboratories.
The Company combines data analytics with access to therapeutic operational expertise and offers solutions to our clients, from regulatory approvals, right through to marketing fully tested ingredients that have been certified on our Laboratory grown living human tissue.
This information is provided by RNS, the news service of the
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Market Cap: £20.23 m
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