Archives for July 23, 2013

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Biotech CEO accused of $5.7 million theft

By Chris BARKER

Melbourne-based biotech firm Phosphagenics, which produces cosmetics and pharmaceuticals for international markets including the US, has accused former chief executive Esra Ogru of stealing $5.7 million from the company over an 8-year period.

Korean player Amarte Cosmetics eyes US market

By Simon Pitman

South Korean luxury skin care specialist Amarte is targeting expansion into the US market, having signed an agreement with US PR company 5W to give its campaign a boost.