Bankrupt Amyris Cleared to Sell Biossance Skincare Brand to THG

Bankrupt US biotechnology company Amyris Inc. won court permission to sell its Biossance skincare brand to online beauty retailer THG and to poll creditors on a Chapter 11 plan that hands control of its remaining business to lenders led by Foris Ventures LLC.

Judge Thomas M. Horan said Tuesday he’d approve the Biossance sale, which will expand THG’s consumer brands sold on its portfolio of sites that include Dermstore and Cult Beauty.

Amyris auctioned Biossance as part of a broader effort to exit the consumer business and restructure around developing rare molecules used in fragrances, sweeteners and other ...