Cosmetics & Personal Care
EUROAPI and Novéal sign CDMO agreement to advance cosmetic projects 9th May 2023
- Novéal, an integral part of the L’Oréal Group, and EUROAPI enter into a 4-year, multi-million-euro CDMO agreement
- EUROAPI todevelop and industrialize the manufacturing process of innovative cosmetic ingredientsfor Novéal
- This agreement is in line with EUROAPI’s successful development strategy in the CDMO since the creation of its dedicated CDMO business development team in 2021
As part of this collaboration, EUROAPI will develop and industrialize the manufacturing process of innovative cosmetic ingredients through its Contract Development and Manufacturing Organization (CDMO) activity. This agreement encompasses several projects, the first of which will take place at EUROAPI’s Frankfurt site with a dedicated line of complex chemistry production.
“Cosmetics is a new and growing segment for EUROAPI’s CDMO business. Signing this manufacturing agreement with Novéal demonstrates our ability to adapt to cosmetics’ short timelines and regulatory and quality requirements,” said Cécile Maupas, Chief CDMO Officer of EUROAPI. “This multi-million-euro contract is a strong recognition of EUROAPI’s broad panel of technologies and capacities to respond to the increasing demand across different modalities, and to guarantee full business continuity for cosmetic ingredients.”
The CDMO activity is a strategic priority for EUROAPI. Since the creation of its dedicated CDMO business development team in 2021, EUROAPI has achieved substantial results and doubled the number of customers in only one year, with 79 projects won from preclinical phase up to commercial supply.