Peterson’s Lab Inc,. a developer of bioactive recombinant protein, announced that the Company entered into a strategic cooperation with Shanghai Corday Biotech Ltd. under which Shanghai Corday will assume responsibility, on an exclusive basis, for Peterson’s Lab’s brand promotion and branded prestige skin care products to consumers in China, Japan and South Korea.
“Shanghai Corday Biotech gives the Company access to three of the major Asian aesthetic and dermatology markets,” said Jose Godoy Toku, CEO of Peterson’s Lab. “We are delighted to expand our distribution and brand influence through this partnership.”
Joshua Zhang, CEO of Shanghai Corday Biotech, said, “Peterson’s Lab has a proven bioactive recombinant protein technology base for effective skin care backed by impressive science. We are happy to promote the Peterson’s Lab brand of skin health products to the Chinese, Japanese and South Korean aesthetic medical markets.”
The five-year agreement includes certain minimum purchases and may be extended through mutual agreement.
