Ceapro Inc V.CZO

What are we to make of this?

[prophetoffactz]

Symrise introduces cosmetic ingredient from oats: SymCalmin® Avena soothes sensitive skin - Symrise

[boazklinghorn]

Never good news when your one customer becomes a competitor.  

[boazklinghorn]

This could explain the giant revenue hole.

[Ciao]

This would however mean that AVEENO products will now use SYMRISE's SymCalmin. And we thought CEAPRO had the better mousetrap by far; SYMRISE's claim: "First organic product on the market with highly concentrated content of avenanthramides"

[Ciao]

It makes sense now. Do the pieces fit the puzzle? This did not just happen overnight. SYMRISE is doing what CEAPRO could not do, local source (German oat input) and build a plant in Germany. So perhaps CEAPRO could not compete with SYMRISE's  plan and abandoned their plan for a plant (PGX and ...) in Europe (it was rumoured to be in Germany). SYMRISE gives CEAPRO a token min order

[PBaelishh]

Gents, can you please provide a link to this news?  I cannot seem to find it anywhere. If this is true, material disclosure indeed... personal liability risk now for the CeO and the Bored. ...and yes, 'e'... even autocorrect knows Gagnon is small.

[boazklinghorn]

https://www.symrise.com/newsroom/article/symrise-introduces-cosmetic-ingredient-from-oats-symcalminR-avena-soothes-sensitive-skin/

[Ciao]

Looks like a tweak to SymCalmin which started in 2005, now a higher concentration of AV and they call it SymCalmin Avena https://www.cosmeticsdesign.com/Article/2005/12/15/Symrise-unveils-anti-irritant-active-ingredient

[lscfa]

Looks like a switch from synthetic AVN to organic AVN.    Wasn't CZO selling natural AVN to Symrise?

[prophetoffactz]

That's my concern. I believe CZO's claim to fame was believed to be the only producer of natural avenanthramide at scale in the world. This was important for companies that want to promote that they are natural products. Gilles also noted superior bioactive performace vs. synthetic product tested. It looks to me like Symrise now has a plant in Germany to produce natural avenanthramide from

[lscfa]

Symrise may have identified a niche demand for organic AVN and since CZO does not do organic AVN, Symrise had to produce the product itself. 

[lscfa]

Ceapro's sales to Germany to tank? Ceapro to make SymCalmin for US market?

[lscfa]

Might be a poorly written NR. Symrise may have been trying to convey that it has a green version of SymCalmin now available..... https://www.ulprospector.com/en/eu/PersonalCare/Detail/3029/5929093/SymCalmin-green

[lscfa]

SymCalmin® green – Intelligent itch reducer INCI: Butylene Glycol, Pentylene Glycol, Hydroxyphenyl Propamidobenzoic Acid Solution of an oat-inspired avenanthramide derivative, Dihydroavenanthramide D, a neuro-soothing agent that helps breaking prolonged itch-scratch cycle Composed of 100% bio-based solvent (natural origin content of 94%) Immediately relieves itchy