News & Analysis on Cosmetics Innovation
With various cosmetic companies feeling the wrath of the FDA over misleading marketing claims of late, the Independent Cosmetic Manufacturers & Distributors association is focusing on helping the industry to avoid making the same mistakes in the future.
Cosmetics and fragrance player Ulta Beauty posted strong fourth quarter 2012 results with a big boost in sales, however expected earnings are expected to be below Wall Street predictions and this has seen shares down 17 percent.
Biochemicals used in skin care products and lotions, amongst other applications, could hold the key to reducing U.S. dependence on foreign oil and create jobs and opportunites for U.S. industrial biotech, but needs to be acted on soon.