LIPOSOME COMPANY ESTABLISHES PRINCETON LIPIDS

Executive Summary

LIPOSOME COMPANY ESTABLISHES PRINCETON LIPIDS division to supply purified phospholipids to the cosmetics industry. "Because of its affiliation with the Liposome Company, Princeton Lipids will be able to provide technical expertise in the field of liposomes to its customers," a Feb. 21 press release declares. The new unit is the outgrowth of two recent agreements. The first, signed in December with the Japanese firm Nichiyu Liposome Co., makes the Liposome Company the exclusive North American agent for Nichiyu Liposome Co.'s high purity phospholipid products. "Princeton Lipids will be one of the few U.S. companies capable of supplying commercial quantities of high purity lipids manufactured in a facility with a Drug Master File." The Liposome Company also serves as the North American sales agent for Nattermann Phospholipid GmbH under a more recent pact. "Princeton Lipids will be selling 'Naptides,'" described by the company as a liposome used in Europe as a raw material in cosmetic formulations. The U.S. market for liposome-formulated cosmetics is estimated at over $50 mil. in 1989. The development comes less than one week after the announcement of a proposed merger between the Liposome Company and Liposome Technology.