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geneOnyx™ Earns Frost & Sullivan 2013 European New Product Innovation Award in Personalized Cosmeceuticals

Geneonyx Limited
Ugli Campus Block C
56 Wood Lane
London W12 7SB

World-first innovation of geneOnyx’s over-the-counter DNA anti-ageing test recognised by leading analyst firm at its European Growth, Innovation & Leadership Awards.

 

geneOnyx™, a provider of over-the-counter cloud-based genetic analytics services for cosmetics and skincare applications, today announces that it has received leading global analyst firm Frost & Sullivan’s 2013 European New Product Innovation Award in Personalized Cosmeceuticals. The prestigious award was formally made at Frost & Sullivan’s 2013 European Growth, Innovation & Leadership Awards Banquet held in London on 14th May.


The innovation of geneOnyx’s world-first over-the-counter DNA anti-ageing test in a retail setting—successfully trialled at Imperial College London in 2012, ahead of a major global commercial launch later this year—was recognised by Frost & Sullivan’s global research organisation of 1,800 analysts and consultants monitoring 300 industries and 250,000 companies. The annual Frost & Sullivan awards spotlight ‘best-in-class’ companies based on excellence in managing growth, innovation and leadership. The New Product Innovation Award is awarded for demonstrating excellence in the following categories: innovation, leverage of leading-edge technologies, value-added features and benefits, increased customer ROI, and customer acquisition or penetration.

"The major factor driving growth in the skincare market is the high demand for anti-ageing products. Frost & Sullivan recognises the innovation and commercial significance of geneOnyx’s solution—the first on-the-spot DNA end-to-end service available in a retail setting. In view of the potential of emerging molecular biology techniques and the increasing demand for preventive anti-ageing solutions, we expect that geneOnyx’s product will have a significant impact on the cosmetic industry, enabling a fully end-to-end customer service."

Vin Nee Lim, industry analyst, Frost & Sullivan