Nanosynth Group Plc announced they have entered into a joint development agreement with a global wellness company for their first project in the cosmetics market. It is anticipated that the development programme will run for 12 months and involve two major work packages. Both companies will retain their own intellectual property but will jointly work to develop a revolutionary product for the market.

On successful completion and subject to results, it is the intention of both companies to enter into an exclusive commercial agreement for the supply of nanoparticles for this cosmetics market.