Skin Care Products Not Tested On Animals

Evocutis Slides As It Finally Sells Assets To Venn Life Sciences

24.04.14

In a statement, Evocutis said it had sold all the intellectual property rights for its Labskin product and SYN1113 investigational acne product, as well as related equipment. Clinical research organisation Venn Life Sciences separately said it had bought the assets for GBP210,000 in shares plus future royalties on sales of the acquired products.

Evocutis decided to sell its assets because it didn't have the funds to develop them into commercial products itself. It had held discussions with around 100 companies in the UK, Europe and US over the possible acquisition of the whole company between December 2012 and September 2013, but despite advanced discussions with a number of these companies, it did not find anyone to make a takeover offer.

As it ran out of money, it issued redundancy notices to all of its employees other than its board last December and started negotiating an exit from its property lease to further reduce costs.

It then began talks to sell its intellectual properties.

Source: http://www.lse.co.uk/AllNews.asp?code=6rxs43vm&headline=Evocutis_Slides_As_It_Finally_Sells_Assets_To_Venn_Life_Sciences

India Bans Using Animals to Test Household Products

24.04.14

What do India and Israel have in common?

They are the only two countries that ban using animals to test both cosmetics and household products. The European Union has made it illegal to sell cosmetics that were tested on animals, but has no similar restrictions on testing household products. The United States doesn’t limit the testing of either kind of product, though some individual states do. The U.S. also doesn’t require animal tests for cosmetics, but sadly, that may change. There is a bill before Congress that would require  every ingredient in cosmetics to undergo toxicity testing. The Safe Cosmetics and Personal Care Products Act,  H.R. 1385 , was introduced by Rep. Janice Schakowsky, a Democrat from Illinois, last March. It was referred to committee last July and hasn’t been heard from since, so hopefully it is headed for oblivion.

India joined the exclusive no-testing club recently. Just last year it banned testing cosmetics on animals, as Alicia Graef reported on Care2. Now India has announced that it will no longer allow labs to rub harsh chemicals into guinea pigs’ bare, shaved skin. They also can’t use the infamous Draize test , which involves dousing restrained animals’ eyes with painful brews and then, after as long as three weeks, observing how much of their eyes have been destroyed.

Source: http://www.care2.com/causes/india-bans-using-animals-to-test-household-products.html