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Boston startup Galy has signed a 10-year, $50 million partnership with Japanese manufacturer Suzuran Medical to supply lab-grown cotton fibers for use in cosmetic, medical and consumer products. The agreement starts when Galy launches its first commercial facility.
Galy, a Boston-based startup, has signed a ten-year, $50 million deal with Japanese manufacturer Suzuran Medical to supply lab-grown cotton for use in medical and consumer products. This is the first commercial use of laboratory-grown cotton.
Galy has signed a 10-year, $50 million partnership with Suzuran Medical Inc. for Suzuran to use thousands of tons per year of Galy's lab-grown cotton fibers in cosmetic and medical products.