A Newcastle biotech firm has secured significant funding to develop its work manufacturing sustainable ingredients for the cosmetics, personal care and pharmaceutical industries.
HexisLab, which is based in the Catalyst building at Newcastle Helix, has been awarded £490,000 from Innovate UK as part of a collaboration with Teesside University and BiBerChem Research. Together, they will develop HexisLab's research in creating environmentally friendly ingredients as alternatives to synthetic or animal-derived products.
The firm brings together scientific expertise and technology, including its artificial intelligent (AI) discovery platform, HexisPro.X, to create its own products and deliver contract research for global brands. Its process can rapidly identify novel sustainable ingredients, reducing the time and cost of developing a new product, particularly for the skincare industry.
