Xcell Therapeutics, Hyundai Bioland Collaborate on Beauty Business 

Biomaterials development company Xcell Therapeutics has entered the beauty business.

Xcell Therapeutics has signed a strategic business agreement with Hyundai Bio Land, a domestic natural material development company.

a domestic natural material development company, announced on the 16th that it has signed a strategic business agreement for the beauty care business.

Xcell Therapeutics will be in charge of developing raw materials for skin and scalp products, while Hyundai Bioland will be in charge of developing and marketing finished products.

The two companies plan to develop new materials in line with the recent market trend of pursuing 'safety' and 'functionality'.

"We plan to strengthen our product competitiveness by expanding our original technology in biomaterial manufacturing to the beauty business," said Lee Yi-il, CEO of Xcell Therapeutics.

Xcell Therapeutics is a company that has developed chemical composition serum-free media for stem cells. It is developing customized media for various cells. Based on this technology, it plans to develop raw materials for cosmetics. 

 Hyundai Bio Land is a domestic natural material company that researches and develops cosmetics, health functional foods, pharmaceuticals, and medical devices. With more than 25 years of experience, it has a production base that can supply natural materials. 

Source: https://www.hankyung.com/it/article/202208166477i