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Shiseido Inks Deal for Olivo

TOKYO — Shiseido said it has acquired an innovative “second skin” technology from Olivo Laboratories. The patented approach creates a breathable, flexible and essentially invisible layer of artificial skin, with numerous possible applications in the beauty field.
Olivo is a start-up backed by Polaris Partners and based in Cambridge, Mass. While Shiseido has acquired “substantially all of the assets” of the company, it did not acquire the company itself. Terms of the transaction have not been disclosed.
Olivo’s formulation can be used for under-eye bags, the company told WWD in May. At that point, chief executive officer Amy Schulman said the company was deciding if it would license the technology or develop it internally.
The pioneering XPL second-skin technology offers “a number of benefits previously unachievable through traditional cosmetics or even cosmetic surgery,” Shiseido said in a release. Olivo was founded by renowned scientists including Dr. Robert Langer, institute professor at the Massachusetts Institute of Technology, Dr. Rox Anderson of Massachusetts General Hospital, and Dr. Dan Anderson, also of MIT. As a part of the transaction, the Olivo research and development team will join Shiseido Americas.
The acquisition is the latest in a series of initiatives undertaken by Shiseido in order to expand its

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