Evonik Industries (EVK.DE) announced it has concluded a purchase agreement to take over the start-up Alkion Biopharma SAS, headquartered in Evry, France. Alkion Biopharma SAS is a leading manufacturer of biotechnologically developed cosmetic active ingredients. The company has developed methods for cultivating plant biomass under laboratory conditions.
Evonik said the company is purchasing Alkion to expand the portfolio of the Personal Care Business Line in the area of active ingredients.
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