Simris Alg AB,of Hammenhög, Sweden, has entered into a five-year agreement with Anhalt University of Applied Sciences in Germany (AUAS) for the development of novel biologically active substances from microalgae for advanced skincare. The research on microalgae at AUAS is being led by Prof. Dr. Claudia Grewe, who has over ten years of industry leadership positions in research, development and production. The collaboration increases Simris Alg’s R&D capacity and aims to accelerate product development within the company’s Simris Biomimetics business area.
Simris Biomimetics, together with Simris Novel Foods and the consumer brand SIMRIS®, make up Simris Alg’s three business verticals. Simris Biomimetics is devoted to research, development and commercialization of substances and extracts from microalgae for applications in advanced skincare and bio-based pharmaceuticals. The business is targeting the growing global market for these materials, a market worth over USD $500 million (2019). The first products are expected in 2022.
“Those who have followed Simris Alg for a while have surely noticed the significant changes in our business which we implemented during the last quarter,” said Simris CEO Fredrika Gullfot. “Having successfully developed our platform from lab to industrial scale and taken our first products to market, we have now entered the next phase. Here, Simris continues to lead the development of microalgae biotechnology through our new business verticals, in particular Simris Biomimetics.
“The first quarter also saw a pleasing increase for our e-commerce in the United States, following the launch of our new online store. Continued growth here is important to attract the right partner to operate our US sales of Simris® Algae Omega-3 in the future. Hence, we are excited and look forward to our new board of directors, which will play a key role in realizing the potential of Simris moving forward.”
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