Amyris, Inc. (AMRS) Social Stream
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$AMRS @SeqgenomeRetired2Beachat50, published August 14, 2021
Looks like it was around a $5mm acquisition for the OLIKA brand.
At the 8/10/21 Oppenheimer Conference (Minute 19:56) Melo said "a combination of our Squalane and the OLIKA formulation". Will be interesting to see the Amyris product's performance once they add Squalane to the OLIKA formulation.
Melo went on to say "we expect OLIKA to be found in a lot of places around your neighborhood". I'm guessing he's hinting at piggybacking on our existing relationships with Retail Doors such as Walgreens, Target, Amazon, etc. He ended by saying "we expect OLIKA to be the way kids keep themselves safe and clean while they're at school". If it works, that could be a lot of hand sanitizer sales.
I think it may prove to be a superior product for the medical industry too, since they have to frequently wash and sanitize their hands. I hear most Health Care Professionals have dry chapped hands as a result of frequent scrubbings with harsh sanitizers.