Samyang secures contract for supplying filler with Chinese company

S.Korean firm will provide biodegradable polymer cosmetic filler Lafullen to Yxintent, worth $75 mn over five years

Samyang secures contract for supplying filler with Chinese company
Ye-na Kim 1
2023-05-25 17:34:37 yena@hankyung.com
Bio & Pharma

South Korea's Samyang Holdings announced on Thursday that it has signed a partnership agreement with Hangzhou Yxintent, a Chinese medical device and beauty company, for the biodegradable polymer filler Lapullen.

Under the agreement, Yxintent will conduct clinical trials and obtain approval for Lapullen in China. Once approval is granted, Yxintent will have the exclusive right to sell Lapullen in China.

Samyang Holdings agreed to supply Yxintent with approximately 100 billion won ($75 million) worth of finished products over the next five years. The company aims to secure a leading position in China's polymer filler market, which is growing at a high annual rate.

Lapullen is a facial cosmetic filler developed by Samyang Holdings. It is made with polycaprolactone (PCL), a medical-grade biodegradable polymer. It lasts for more than two years. Lapullen is said to have a low foreign body sensation and a natural appearance thanks to its patented technology. It was approved by the Ministry of Food and Drug Safety in 2021, and the results of a study that proved its long-term efficacy and safety were published in an SCI-level international academic journal.

Samyang Holdings is actively expanding the global market for Lapullen. It obtained product approval in Indonesia last month and is about to launch it locally. The company is also in talks with a number of countries in Latin America and Southeast Asia for export contracts.

"Yxintent has a large number of licensing experts and sales networks, so it will be able to quickly obtain product approval in China and increase market share," CEO of Samyang Holdings Biopharm Division Lee Young-joon said. "We plan to strengthen our cooperation in the beauty industry, starting with Lapullen and lifting thread Croky." 

Write to Ye-na Kim at yena@hankyung.com
#Samyang Holdings #China #Hangzhou Yxintent #biodegradable polymer filler #Lapullen #facial cosmetic filler #polycaprolactone

Samyang to develop biomaterials for battery heat management

Samyang to develop biomaterials for battery heat management

(Courtesy of Getty Images) South Korea’s Samyang Corp. signed a partnership agreement with local tech venture Nano Tim on Feb. 20 to jointly develop thermal interface materials (TIM) for the heat management of lithium-ion batteries. Samyang is set to boost the production of biomateri

Samyang develops polycarbonates made of 90% recycled plastic

Samyang develops polycarbonates made of 90% recycled plastic

Samyang Corp., a food and chemical affiliate of Samyang Group, on Wednesday said it had developed South Korea's first eco-friendly polycarbonates containing more than 90% of raw material post-consumer recycle polycarbonates (PCR PC).Polycarbonate, a transparent plastic that is heat- and impact

Samyang develops biodegradable plastic made of corn

Samyang develops biodegradable plastic made of corn

Samyang's biodegradable plastic South Korea’s Samyang Corp. has developed a biodegradable plastic made of corn amid tighter environmental regulations and a global corporate initiative away from traditional plastics.The company said on Tuesday that it has developed an eco-friendly plastic

Samyang transitions to white biotech with S.Korea’s first isosorbide plant

Samyang transitions to white biotech with S.Korea’s first isosorbide plant

Bird's-eye view of Samyang Innochem's Gunsan plant  Samyang Group, a diversified conglomerate, has long focused on the chemicals and foodstuffs sectors. While adding to its existing chemicals businesses that involve engineering plastics with products such as industrial fibers and plas
(* comment hide *}