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Kollodis BioSciences, Inc. Enters into Agreement to Develop Cosmetic Glue Adhesives
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Malden, MA, United States, 10/27/2009 - A new type of mussel adhesive protein based bio-adhesive formulation could offer aldehyde-free, non-irritating, and healthy eyelash extension.
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Kollodis BioSciences, Inc. announced that it has entered into a collaborative agreement with Lifeace Co. Ltd. to develop and commercialize Kollodis' recombinant mussel adhesive protein (MAP) compositions for use as cosmetic glues and related adhesive applications. Kollodis has demonstrated that MAP-based adhesive compositions can be used as eyelash glues in a simple cost-effective manufacturing process.
Mussel adhesive proteins have long been recognized as being biocompatible, environmentally-friendly, and effective bioadhesives for a wide variety of applications including consumer and cosmetic applications. Dr. Louis M. Scarmoutzos, President and CEO of Kollodis BioSciences, states "MAP-based adhesive compositions provide gentle, non-irritating adhesion even to the most delicate of skins."
The agreement calls for Lifeace to fund the development and commercialization of cosmetic glue products using Kollodis' proprietary MAP technology. Lifeace will pay an undisclosed up-front fee to acquire the intellectual property for formaldehyde-free eyelash glue applications as well as options to acquire additional products developed in the collaboration.
About Kollodis BioSciences, Inc.
Kollodis BioSciences, Inc. (kollodis.com) has successfully developed a proprietary recombinant protein expression system for the large scale production of various mussel adhesive proteins (MAP). Kollodis is developing MAP-based smart biomaterials for biotech, medical and industrial applications.
About Lifeace Co. Ltd
Lifeace is a leading Korean provider of quality cosmetic and beauty-related products for the consumer, including eyelash extension, nail, hair and semi-permanent makeup products. Lifeace has expanded its product focus to include the development of bioadhesive-based cosmetics, including formaldehyde-free eyelash glues and cosmetic fillers. Media queries should be directed to +82.10.7667.1478 or classic1972[.]naver.com.
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Contact: Sangjae Lee - Kollodis.com
617-283-2182 sjlee[.]kollodis.com
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