Japan’s Shiseido acquires US artificial skin technology startup Olivo

Visual from Shisedo's website

Shiseido, a Japan-listed global cosmetics company, has acquired Olivo Laboratories, creator of US-patented artificial skin formation technology Second Skin, for an undisclosed amount, the Japanese company said.

In a disclosure to the Tokyo Stock Exchange Friday, Shiseido said its consolidated subsidiary and regional headquarters for the Americas, Shiseido Americas Corporation, has completed all procedures to acquire the assets of Olivo Laboratories.

Olivo is a Massachusetts-based startup advancing the dermatological field through proprietary biomaterials technology, including its pioneering and patented Second Skin technology that creates a flexible artificial skin.

Olivo’s patented approach creates a breathable, flexible and nearly invisible artificial skin, that offers a number of benefits previously unachievable through traditional cosmetics or even cosmetic surgery, Shiseido said in a statement.

As a result of the transactions, the Olivo research and development team will join Shiseido Americas Corporation and support Shiseido Group’s research and development activities.

“Combining Olivo’s innovative technology with Shiseido’s research and development capabilities marks a significant leap forward in the emerging realm of skin shape correction and paves the way for the development of products that provide instant and significantly enhanced skincare and suncare,” the cosmetics giant said.

This acquisition is the latest in a series of initiatives supported by Shiseido and its Global Innovation Center to further expand its global beauty innovation footprint.

Olivo was founded in 2015 by renowned scientist Dr. Robert Langer, professor at the Massachusetts Institute of Technology; Dr. Dan Anderson at MIT; and Dr. Rox Anderson at Massachusetts General Hospital.

Terms of the transaction were not disclosed.

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.