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What the bankruptcy of biotech darling Amyris means for the beauty industry

Amyris is offloading its celebrity beauty brands after it filed for Chapter 11. Supplied: JVN.
Amyris has built its reputation as a biotech innovator since its founding 20 years ago by looking to develop a treatment for malaria.  Today, the American firm is best known for its stable of celebrity beauty and wellness brands that it is auctioning off at a discount following its filing for Chapter 11. The company is positioning its voluntary bankruptcy as a move towards its operational and financial restructuring to advance its ongoing strategic transformation for long-term success. Han

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