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Evonik Acquires French Biotech Startup

Alkion Biopharma SAS specializes in active ingredients for cosmetics.

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By: Christine Esposito

Editor-in-Chief

Evonik Industries concluded a purchase agreement to take over start-up French firm Alkion Biopharma SAS, headquartered in Evry. Alkion specializes in the development of biotechnological active ingredients for the cosmetics industry and was founded as a spin-off of the Imperial College London in 2011.   The transaction is due to be completed this month. The purchase price has not been disclosed.      Alkion Biopharma SAS is one of the leading manufacturers of biotechnologically developed cosm...

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