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Mibelle acquires rights to produce Mirexus phytoglycogen products

Swiss cosmetic active ingredient maker Mibelle Biochemistry has completed an asset deal with Mirexus Biotechnologies, a Canadian company that makes plant-derived glycogen (phytoglycogen) for use in personal care products.

The deal means Mibelle has acquired IP rights to produce Mirexus products including PhytoSpherix, EnerZea, Adveen and Susttain.

The Ontario company’s products are now fully integrated in the Mibelle portfolio and are available for purchase immediately.

Mibelle said the asset deal strengthens its active ingredient portfolio and enhances its position as a developer and manufacturer of unique, high-quality active ingredients for the cosmetic and nutraceutical industry.

The new assets also drive Mibelle Biochemistry’s sustainable innovation efforts by further aligning the portfolio with the rising demand for natural and sustainable ingredients, it added.

“I am very excited about this asset deal, as we had been looking around for quite a while to find a perfect target, matching our philosophy ‘Inspired by Nature – Realized by Science’ and similarly fitting smoothly into our existing product portfolio,“ said managing director Cornelia Schürch. “PhytoSpherix is finally fulfilling both requirements.”

Phil Whiting, president and CEO of Mirexus Biotechnologies, added: “The deep knowledge and capabilities of Mibelle will enable the growth of this technology beyond what Mirexus could do on its own.

“We look forward to seeing the continued expansion of our technology under Mibelle’s experienced leadership.”

Further financial terms relating to the transaction were not disclosed.

See more about Mibelle Biochemistry

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Upcoming Events

in-cosmetics Global

Paris Expo Porte de Versailles
16th – 18th April 2024

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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