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Industry Discussions / Cosmeceuticals
|Subject: Cosmeceuticals growth, etc:||Date: 7/13/2004 12:52 AM|
|Author: MLD38||Number: 3 of 4|
Cosmeceuticals growth, etc:
Baby boomers drive cosmeceuticals growth
Skin Care with Smarts
Newest Trend in Beauty Keeps an Eye on Science
..."Cosmeceuticals are a $1.9 billion industry and by 2006, $3.9 billion, which is about a 70 percent increase," says Linda Wells, editor in chief of Allure magazine. And according to some, it is the populace, the marketplace, that is going to drive the science."...
Q: What are cosmeceuticals?
A: While the Food, Drug, and Cosmetic Act does not recognize the term "cosmeceutical," the cosmetic industry has begun to use this word to refer to cosmetic products that have drug-like benefits. The Food, Drug, and Cosmetic Act defines drugs as those products that cure, treat, mitigate or prevent disease or that affect the structure or function of the human body. While drugs are subject to an intensive review and approval process by FDA, cosmetics are not approved by FDA prior to sale. If a product has drug properties, it must be approved as a drug.
..."represent a marriage between cosmetics and pharmaceuticals. Like cosmetics, cosmeceuticals are topically applied, but they contain ingredients that influence the biological function of the skin. Cosmeceuticals improve appearance, but they do so by delivering nutrients necessary for healthy skin. Cosmeceuticals are the fastest-growing segment of the natural personal care industry. Consumers are always interested in maintaining a youthful appearance, and as the global population's median age increases, this market is increasingly expanding. Cosmeceuticals are not subject to review by the Food and Drug Administration (FDA), and the term cosmeceutical is not recognized by the Federal Food, Drug, and Cosmetic Act. Although cosmetics and cosmeceuticals are tested for safety, testing to determine whether beneficial ingredients actually live up to a manufacturer's claims is not mandatory. In general, vitamins, herbs, various oils, and botanical extracts may be used in cosmeceuticals, but the manufacturer may not claim that these products penetrate beyond the skin's surface layers or that they have druglike or therapeutic effects. For cosmetic labels, no division between active ingredients and other ingredients is required; they are all listed together."...
I do not follow Cosmeceuticals, but have been reviewing Candela Corp (CLZR) and its direct competitors as listed by Yahoo:
CLZR , LSCP , LUME.PK , PMTI
Candela Corporation webpage:
Candela Corporation Profile:
..."develops, manufactures and markets lasers used to perform procedures addressing patients' aesthetic, medical and cosmetic concerns. Candela's product line includes the following products: The Dynamic Cooling Device; GentleLASE family of lasers for the treatment of unwanted hair and the treatment of vascular lesions, pigmented lesions and wrinkles; Vbeam for the treatment of vascular lesions and wrinkles; ALEXLAZR for treating pigmented lesions and tattoos; Smoothbeam diode laser, for non-ablative dermal remodeling of wrinkles and the treatment of acne and acne scars, and C-beam pulsed dye laser for treatment of psoriasis and surgical scars. Laser technology forms the basis for most of its products. The Company's patented technology uses thermal energy generated by an intense pulsed laser light source to selectively eliminate unwanted skin blemishes without damaging the surrounding healthy tissue, and to remove facial or other unwanted hair throughout the body."...
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