DEXLEVO’s 26 Billion Won Pre-IPO Spurs Global Marketing of ‘GOURI’
Posted Jun 21, 2022 16:04 (GMT +7)
SEOUL, South Korea--(BUSINESS WIRE)--Jun. 21, 2022
As the spread of COVID-19 has slowed down worldwide, the demand for skincare is expected to increase, and expectations for the rapid growth of the skincare market are also growing. Other countries such as the United States, United Kingdom, and Germany have already lifted the measures to wear masks outdoors, and there is a trend to abolish the measures to wear masks in public transportation. This can be recognized as good news for companies in the beauty industry with a high proportion of overseas exports.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220518005556/en/
GOURI, a liquid PCL injection developed by DEXLEVO (Photo: Business Wire)
DEXLEVO, a company specializing in cosmetic medical devices, has completed pre-IPO funding of 26 billion won for existing investors, Magna Investment, Smilegate Investment, Hyundai Technology Investment, and Shinhan Capital. It is preparing for listing in 2023, and DEXLEVO has set a post value of 276 billion won after investment.
DEXLEVO was established in 2013 by Jaewon Yoo, a former researcher at Samyang Corporation, and succeeded in liquefying Polycaprolactone (PCL), a biodegradable polymer, for the first time in the world. Based on this technology, DEXLEVO developed a liquid PCL injection 'GOURI' and participated in the world's largest beauty fair AMWC (Aesthetic and Anti-aging Medicine world Congress) in September of last year and March of this year as a main sponsor to announce GOURI’s technological prowess and excellence. It will also participate in the International Master Course on Aging Science (IMCAS) held in Paris this June to spur marketing activities to increase its global market share.
Unlike existing fillers, as GOURI is in a liquid form without particulates, it spreads throughout the face when injected and induces collagen formation.
DEXLEVO is expanding its beauty market share with not only GOURI, a cosmetic medical device, but also KABELLINE, a contour product, and Touch BR, a whitening product. Currently, DEXLEVO is focusing on distribution in Southeast Asian regions such as Indonesia, Vietnam, and Thailand. KABELLINE is reaching the Americas.
KABELLINE is a contouring product that breaks down fat using deoxycholic acid. Unlike existing contouring products, there is no pain or side effects, and it is a product that fundamentally prevents the yo-yo effect from resynthesizing free fatty acids (FFA) remaining in the body into fat.
Touch BR is a whitening product with peptide and vitamin C as its main ingredients. It prevents skin aging and melanin production, and improves skin moisture. You can find more information on the DEXLEVO website (www.dexlevoaesthetic.com).
View source version on businesswire.com: https://www.businesswire.com/news/home/20220518005556/en/
Business Planning Development
Distribute your news release with us
Our media lists include news desks at all leading Thai and English-language dailies.
Radio & TV
We deliver your news to leading Thai radio stations and TV channels.
All releases are submitted to Internet news sites, including several with guaranteed pickup.
Our Self-Serve News Release Couldn't Be Simpler
Our streamlined online process makes it simple and fast to submit your news to the Thai media. Once registered, just enter or copy your text into our submission form and you'll see an instant preview with our fee based on the word count, translation, and any attached image. To confirm submission, hit Enter to be taken to our payment processor. Once payment is approved, your release passes automatically to our news desk for translation and dissemination by our skilled and experienced team. You'll be kept informed at each step of the process.