Potential5 May 2021 15:37
The market is probably thinking what happened to Parity and is Rino drive doing anything, we will get clarity in the FY results and annual report?
Also, this has to be massive potential from 21 January 2020
Integumen signs cooperative alliance MOU with Innocare Group, Shanghai, China
Integumen's subsidiary Labskin today announces that it has signed a Memorandum of Understanding with Innocare Group. The cooperative alliance has been established to promote innovation and cooperation between research institutions that will assist commercial enterprises in China with routes to regulatory compliance using Labskin and LabskinAI without the need for animal testing for cosmetics and skincare products.
Given China is moving away from animal testing foreign cosmetic imports could they use labskin as a regulatory tool to test the cosmetic imports? Labskin could then be used at both ends, by the Western cosmetic cos and the Chinese regulatory bodies? China has announced that it will be ending the requirement that all imported general cosmetics* undergo animal testing from May 1, 2021. There will still be lots of steps to take for companies wishing to register and sell in China, but this is major progress.