Luxury Beauty Disruptor Scores $100m In New Funding: ‘We’re Blowing The Old Beauty Business Wide Open’
“Luxury beauty buyers’ club” Beauty Pie touts its cosmetic products as equivalent to big-brand luxury offerings but available to members – directly from its warehouses – at a fraction of the cost. With the Series B funding, Beauty Pie intends to expand to new markets and fuel growth of wellness and dietary supplement categories added in 2020, which have “skyrocketed” during the COVID pandemic.
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Federal law requiring agencies to weigh and document potential environmental impacts of major regulatory actions does not dictate what happens next. Neither does it provide federal agencies with authorities beyond their statutory purviews, FDA/CDER leadership says.
As anticipated, the US FDA’s proposed order for sunscreens released on 24 September creates a bridge to the agency’s 2019 proposed rule before the CARES Act overhauled OTC drug review in March 2020.
Industry anticipates a proposed administrative order from the US FDA by 27 September on OTC sunscreen drug products, including GRASE status of active ingredients. Meanwhile, the agency’s probe continues into UV filter environmental impacts, and the National Academy of Sciences is gathering information to weigh those possible ills against human health consequences of reduced sunscreen use.