DSM invests in personal care company Sol-Gel Technologies
Heerlen, NL, 11-Sep-2006, DSM Venturing, the corporate venturing unit of Royal DSM N.V., today announced that it has invested USD 2 mln in Sol-Gel Technologies Ltd., a private early-stage company committed to the development and commercialization of safer and more effective healthcare products. Sol-Gel’s technology platform is of interest to DSM for its further development of skin care and dermatology applications as part of its ambitions in the field of Personal Care.
Sol-Gel develops (ingredients for) sunscreens, anti-acne and anti-ageing products which are based on their proprietary sol-gel technology. This technology enables room temperature entrapment of organic and bioactive molecules in silica glass beads. The ingredients can thereby be safely isolated and their delivery can be controlled, a potentially valuable innovation for the pharmaceutical and cosmetic markets. The company has received exclusive worldwide licenses and patents, plus patents pending, for this technology.
In addition to the investment DSM and Sol-Gel Technologies intend to explore possible joint development activities and other collaborations, not only in the field of Personal Care but also in DSM’s strategic markets Animal and Human Nutrition.
DSM offers its customers in the cosmetic industry a world-leading portfolio of vitamins, bioactive ingredients and UV filters. To stay at the forefront DSM is dedicated to the discovery and development of technically superior new ingredients for skin care, sun care and hair care products, both in its own R&D department and in cooperation with innovative players such as Sol-Gel Technologies.
DSM Venturing is an active investor in start-up companies and Venture Capital Funds in the fields of Nutrition, Pharma and Performance Materials. DSM Venturing’s mission is to explore emerging markets and technologies in order to enhance DSM’s product portfolio and create value.
Sol Gel Technologies Ltd.
Sol-Gel Technologies Ltd. is a groundbreaking nanoengineering company that has developed proprietary platform technology with potential commercial applications in many different markets. Sol-Gel was founded in 1997 and is based in Israel and in the USA. The company includes a team of distinguished scientists, engineers and business managers and operates a state-of-the-art GMP plant capable of producing commercial quantities of its nanotechnology products. Sol-Gel’s first commercial product, UV-Pearls™, is already being sold to some of the world’s leading cosmetic manufacturers.
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