Lafang Home Cosmetics recently completed a strategic investment in Peptide Source (Guangzhou) Biotechnology Co., Ltd.WHO: Peptide Source Biotechnology was founded in 2017 by Professor Huang Yadong from the School of Life Sciences and Technology of Jinan University. He has been engaged in the research and development of recombinant protein and peptide drugs and related biological products, laying the foundation for Peptide Source Bio's technological innovation. The recombinant humanized type III collagen that the company is developing has an ultra-long sequence of 745 amino acids, which achieves 100% human homology and 99.8% purity, and is used to address common skin repair issues such as redness, swelling, and allergies in medical beauty consumers after surgery. Peptide Source Bio's further developed recombinant humanized type III collagen freeze-dried powder for injection has completed clinical testing of Class III medical devices in October 2024.Lafang China Co Ltd. is a China-based company engaged in the research and development, production, and sale of cleaning products, skincare products, and cosmetics. The company's own cleaning brands mainly include Lovefun, Raclen, and MESE, and it is the exclusive agent of the overseas skincare brand REPACELL.DETAILS:According to data from Tianyancha, Lafang Home Cosmetics recently completed a strategic investment in Peptide Source (Guangzhou) Biotechnology Co., Ltd.The investment amount is RMB 3.5 million ($485,000). After the completed transaction, Lafang Home Cosmetics holds 18.78% of the shares of Peptide Source Biotechnology, becoming its second largest shareholder.