🏹Shiseido Acquires Breakthrough Technology From Olivo Laboratories
TOKYO – JANUARY 12, 2018 ; NEW YORK – JANUARY 11, 2018 – Shiseido Company, Limited (Tokyo Stock Exchange, First Section: 4911) (“Shiseido”), a leading global cosmetics company, announced today that its regional headquarters and consolidated subsidiary, Shiseido Americas Corporation (“Shiseido Americas”), has acquired substantially all of the assets of Olivo Laboratories, LLC (“Olivo”).
Olivo is a Polaris Partners-backed Massachusetts-based startup advancing the dermatological field through proprietary biomaterials technology, including its pioneering XPLTM* “Second Skin” technology.
News Release | Shiseido group website
http://www.shiseidogroup.com/news/detail.html?n=00000000002349