Development, manufacture, trade and sale of chemical, pharmaceutical and cosmetic products in Switzerland and abroad. The company may carry out in Switzerland and abroad, either on its own account or on behalf of third parties, all commercial, financial or real estate transactions directly or indirectly related to its purpose, take participations in all commercial, industrial or financial enterprises and create branches in Switzerland or abroad. It may grant loans to its shareholders or third parties, guarantee loans subscribed by its shareholders or third parties, secure these loans by issuing or pledging mortgage securities or by subscribing to any other financial commitment, pledge its assets or guarantee any claim.