P&G predicts rise in costs
NEW YORK Buyers of Proctor & Gamble products could soon pay higher prices.
Dow Chemical, one of P&G’s main suppliers of the materials it uses to make its products, has had to increase costs by up to 20 percent to defray rising prices of energy and raw materials. P&G does not know how much that will affect prices of its own products, whose prices have already increased this year by between 6 and 10 percent.
The company reported that first-quarter spending on raw materials had increased by 42 percent, and that the increase in prices for its materials was the largest in its 111-year history.
Dow’s stock price was down by 0.03 percent at 2:57 p.m. Thursday on the New York Stock Exchange.
L’Oreal USA honors women in science
NEW YORK L’Oreal USA recently honored the 2008 recipients of the L’Oreal USA Fellowships For Women in Science at the American Museum of Natural History in New York City.
The women were recognized on May 22 for conducting innovative and breakthrough research across a range of disciplines, including neuroscience, oceanography and aerospace engineering. The Fellows represent the next generation of women scientific role models, following in the footsteps of chemist and physicist Marie Curie, and Elizabeth Blackwell, who, in 1849, became the first woman to graduate from medical school.
Recipients each receive $40,000 to be used toward independent scientific research. The Fellowship also offers professional development workshops for awardees and helps Fellows build networks with women leaders in corporate, academic, governmental and scientific fields.
The 2008 L’Oreal USA Fellows are:
- Dr. Sara Aton, University of Pennsylvania, who is a neuroscientist researching how the sleeping brain consolidates learning and memory.
- Dr. Ania Bleszynski-Jayich, Yale University, who is a physicist investigating the persistent current principle of quantum mechanics.
- Dr. Laura Lapham, Florida State University, who is a chemical oceanographer conducting research that may lead to new discoveries around the use of methane hydrates as a potential energy source.
- Dr. Srivdevi Vedula Sarma, Massachusetts Institute of Technology, who is a computational neuroscientist using technology to improve the deep brain stimulation technique to treat Parkinson’s disease.
- Dr. Sandra Ugrina, University of Maryland, who is an aerospace engineer developing techniques to help improve the aerodynamic efficiency of materials and reduce fuel consumption.
Barrier, P&G to combine dandruff shampoo with dermatitis treatment
PRINCETON, N.J. Barrier Therapeutics, a manufacturer of dermatology products has signed a deal to combine Procter & Gamble’s dandruff shampoo Head & Shoulders with its dermatitis treatment Xolegel, according to the Associated Press.
The new kit will be called Xolegel Duo and is expected to be available by prescription in June.
Under the terms of the agreement, Procter & Gamble will supply small bottles of the shampoo to Barrier who in turn, will be responsible for producing the kits and selling them. As a result, Barrier will receive all profits from sales of Xolegel Duo.