Press release

May 24, 2007
Symrise and Italian biotech company Cutech to form a strategic partnership

(Holzminden) As of January 2007, a strategic partnership has been formed between Symrise, the world's fourth-largest supplier of fragrances, flavors and cosmetic active ingredients, and the Italian biotech company Cutech Srl in Padua, Italy. The focus of their partnership will be on developing innovative cosmetic active ingredients based on microalgae.

Cutech focuses its research on dysfunctions of the skin and hair. In particular, it specializes in the development of preclinical screening assays and on the discovery of innovative actives. For this, Cutech takes advantage from its exclusive portfolio of screening tools, together with its unique know-how in hair and skin manipulation. The small, flexible team at Cutech consists of six scientists and two application technologists and is supported by a well-established network of scientific experts.

Symrise and Cutech have been working together since 2003 in the field of biotissue engineering. One achievement of this cooperative endeavor was the development of a method for the long term organ culture of pig skin, by which the researchers succeeded in preserving the tissue for up to three weeks. The resulting new skin model is remarkable in its resemblance to natural human skin, providing an outstanding opportunity to test the efficacy of active cosmetic ingredients in vitro.  It can be considered as a valuable alternative to either animal tests or to synthetically generated skin models.

On January 1, 2007, Symrise and Cutech began a new aspect of their strategic partnership in the field of developing cosmetic active ingredients based on microalgae. This allows Symrise to continue to expand its core competence in natural active ingredients that are derived from sustainable resources.

About Symrise:
Symrise is a global supplier of fragrances, flavors and raw materials and active ingredients for the perfume, cosmetics and food industries. With sales of €1.23 bn in 2006, the company is among the top four in the international flavors and fragrances market. Headquartered in Holzminden, Germany, the company maintains a total of 31 locations in Europe, the United States, the Asia Pacific region, as well as in South America. With over 50 registered patents each year, Symrise is one of the most innovative manufacturers on the market. Our products are used by perfume, cosmetics and food manufacturers and are essential features of everyday life today. Combining consumer insights and technology, Symrise focus on the development of innovative trend and lifestyle products with a specific additional benefit for the consumer. Symrise - Always inspiring more…
 
www.symrise.com
 
Press inquiries:
red roses communications
Katja Derow
Tel. +49 40 46 96 77 0 10
 
Kirchhoff Consult AG
Dr Kay Baden
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