NuGene International Inc (OTCBB:NUGN) a manufacturer and marketer of superior hair and skin care lines developed on stem cell media and using adipose derived human stem cells conducted meetings with world-class beauty editors in NY City including Marie Claire, Self, Shape, Allure, Vogue, Glamour, More, Town and Country, Cosmopolitan, Better Homes, Gardens and W, People and People Style Watch.
NuGene kathy ireland® was launched by Janine Coppola, Sr., the Director of Brand Marketing, who presented an overview of the hair and skin care product lines, points of distribution and formula innovations. She was then followed by Dr. Dendy Engelman, company’s Advisory Board member and NY city dermatologist who detailed the concepts behind the ‘NuGene’ brand.
Dr. Engelman stated that stem cells used in NuGene brand are derived from adipose tissue of fit donors. These stem cells have the maximum concentration of growth elements compared to other types of stem cells. They are extremely useful in reducing signs of aging and enhancing luminosity of the skin. Dr. Engelman then focused on company’s hero products and presented the data of a twelve week split face trial using after and before photos. Each enrollment demonstrated clear visual changes in minimization of hyper-pigmentation and lessening of wrinkles.
The profile and scope
NuGene International is active in the industry of regenerative cosmeceutical products which was measured at $7.2 billion in the U.S. last year. As per a Global Cosmeceutical market report prepared by RNCOS Business Consultancy Services, the regenerative cosmeceutical industry is expected to surge rapidly in the coming years. Due to the success in the market, these medicines are now termed as “next evolution of medical treatments.”
NuGene International Inc (OTCBB:NUGN) not only lost a big 17.68% in the last trading session but also got very close to the last major swing low of $2.40. The day low of $2.55 was not very far away from the swing low and the very strong support area around that level. The volume of 693,000 was a bit higher than the daily average of 527,000 but that didn’t provide any major clue about the next course of action. The price action around this band of $2.40-$2.50 may set the direction for the next intermediate trending move and hence must be noted carefully.