APOS is supplying its popular retinol product to SGD
From APOS's1997 10K :
" The Company has executed agreements with five companies, each of which has marketing strength in a particular channel of distribution.
The channels for which the Company has licensed retinol are direct marketing (Avon), dermatologists (Medicis), salons and spas (Sothys), plastic surgery (BioMedic), and prestige (La Prairie).
The Company retains full rights to alternate channels of distribution, including department stores and other mass merchandisers.
Additionally, the Company formed an alliance with R.P. Scherer to develop and commercialize unit-dose skin care treatments for aging skin, combining retinol and/or Vitamin C.
In May 1997, the Company entered into an agreement under which it licensed exclusive rights to broad-based patents covering the topical use of Vitamin K.
Potential applications include bruises from surgery or traumatic injury, spider veins, age-related purpura, rosacea and a variety of other cosmetic dermatological conditions.
Subsequently, the Company licensed rights to commercialize Vitamin K to Avon in the direct-to- consumer channel, to BioMedic for recommendation by plastic surgeons and to Medicis for recommendation by dermatologists in the U.S. Again, the Company retains full rights to alternate channels of distribution. "
sec.yahoo.com
On the Avon deal:
" Avon. In August 1996, APS signed a license and supply agreement with Avon under which APS is providing Avon with a formulation incorporating Microsponge delivery systems and retinol, an ingredient
developed to improve the appearance of aging skin.
Under terms of the agreement, APS received upfront licensing fees and will receive manufacturing revenues on supply of product. In January 1998, the Company announced that it had signed a new agreement with Avon, substantially expanding Avon's access to Microsponge systems technology.
The expanded agreement provides Avon with exclusive worldwide rights in Avon's channel of distribution to additional cosmetic products utilizing the Company's technology. In order for Avon to maintain exclusivity the Company will receive annual royalties on worldwide sales and research and development funding. Jointly developed products can be marketed independently by the Company. "
Hopefully SGD is the EXCLUSIVE mass merchandiser and have world-wide distributing rights , like Avon , including the web.
Could be big if the license price is right !
Regards,
Jim K.
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