Duopharma inks product distribution agreement with SCM Lifescience

SCM Lifescience CEO Dr. Byong Kwan Son (left) and Duopharma group managing director Leonard Ariff Abdul Shatar (right).

KUALA LUMPUR: Duopharma Biotech Bhd’s wholly-owned subsidiary, Duopharma Consumer Healthcare Sdn Bhd has signed a product distribution agreement with South Korea-based stem cell technology company SCM Lifescience, Inc to distribute a range of IRORO brand halal-certified anti-hair loss products in Malaysia.

“This agreement with SCM Lifescience enables Duopharma Consumer Healthcare to expand our entry into the cosmeceutical segment with the halal-certified IRORO range specially formulated for Malaysia.

“Following Duopharma Biotech’s 2.73% investment into SCM Lifescience, we are committed to optimising their findings - particularly in stem cell research, to elevate our consumer product offerings, enabling us to have a unique advantage in the market,” group managing director Leonard Ariff Abdul Shatar said in a statement.

He disclosed that Duopharma was currently collaborating with SCM Lifescience to develop atopic dermatitis stem cell therapy.

“Through the introduction of the IRORO range, we are laying the groundwork for this product segment ahead of a potential launch of products to treat atopic dermatitis,” he added.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Duopharma , SCM Lifescience , IRORO ,


Next In Business News

Apple overhauls App Store pricing to range from US$0.29 to US$10,000
CGS-CIMB: More clarity needed on larger-value projects in Budget 2023
Super rich folks in wealth hubs, including S’pore, still have their eyes on crypto
PETRONAS Carigali discovers oil at Block SK306, off Sarawak coast
Loss-making Empire Resorts could be negative for Genting Malaysia, says CGS-CIMB
Ringgit opens flat against US dollar on risk-averse sentiment
Bursa investors take to the sidelines following US recession warning
Trading ideas: Axiata, Comintel, MN Holdings, CNN Asia, Zen Tech, Jiankun, LB Aluminium and Scientex Packaging
Selangor business summit and aviation shows a success
No merger but a separate entity to be formed, says Capital A

Others Also Read