“SenzaGen continues to strengthen the GARD® technology’s position with global customers that are world leaders in their industry. The order is strategically important and is a testament to the continuing excellent results of our organic growth strategy, which is based on personal direct sales to large end customers. By regularly attracting new customers, we broaden our customer base and lay the foundation for repeat purchases and continued growth,” says Peter Nählstedt, President and CEO of SenzaGen.

GARD® sales continue to exhibit strong growth with new and recurring major global customers in cosmetics, chemicals and medical devices. The Company’s customer base was broadened in the third quarter with the addition of nine new customers, and as of the end of September as many as 25 new customers were gained during 2023, compared with 18 for the entire year in 2022. At the same time, sales from returning customers during the year accounted for 77% of total sales. The Company estimates that 30%–50% of new customers will make repeat purchases in the following year, in many cases with a higher average order value.

The GARD®skin Dose-Response test is unique and provides quantitative information to replace animal testing when assessing the concentration at which skin-sensitizing substances can be used without causing skin allergies. This provides companies in industries including cosmetics, pharmaceuticals and chemicals with a crucial basis for prioritization and decision-making in research and development.