Peterson's Lab Inc. Entered Strategic Cooperation With Shanghai Corday Biotech Ltd.

VANCOUVER, British Columbia, Nov. 6, 2017 /PRNewswire/ -- Peterson's Lab Inc,. a developer of bioactive recombinant protein, announced that the Company entered into a strategic cooperation with Shanghai Corday Biotech Ltd. under which Shanghai Corday will assume responsibility, on an exclusive basis, for Peterson's Lab's brand promotion and branded prestige skin care products to consumers in China, Japan and South Korea.

"Shanghai Corday Biotech gives the Company access to three of the major Asian aesthetic and dermatology markets," said Jose Godoy Toku, CEO of Peterson's Lab. "We are delighted to expand our distribution and brand influence through this partnership."

Joshua Zhang, CEO of Shanghai Corday Biotech, said, "Peterson's Lab has a proven bioactive recombinant protein technology base for effective skin care backed by impressive science. We are happy to promote the Peterson's Lab brand of skin health products to the Chinese, Japanese and South Korean aesthetic medical markets."

The five-year agreement includes certain minimum purchases and may be extended through mutual agreement.

About Shanghai Corday Biotech Ltd.

Shanghai Corday Biotech is a cosmeceutical product manufacturer, encompassing a clinical trails lab and a trading and marketing company specializing in the aesthetic and dermatology marketplace. The company is headquartered in Shanghai, China with offices and distributors in markets throughout key Asian countries.

About Peterson's Lab Inc.

Peterson's Lab, Inc. is a biotech company with an extensive library of diverse bioactive recombinant proteins and patents covering five distinct classes and hundreds of protein sequences. Core competencies include protein design, synthesis, purification and characterization together with assay development, screening, cell culture and microbiology. The company takes product development programs from theoretical concept to a qualified skin care active ingredient fully validated as to efficacy and safety. Applications for Peterson's Lab products include anti-aging cosmeceutical skin care and wound healing application. More information about the company and its proprietary products may be found on the company's website at www.petersonslab.org.

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SOURCE Peterson's Lab Inc.