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What cosmetic exosomes actually are.
Exosomes are small membrane-bound vesicles (30–150 nm) that cells release as part of intercellular communication. They carry proteins, lipids, and nucleic acids and are a genuine area of regenerative-medicine research — for things like wound healing, post-operative recovery, and inflammation modulation, mostly via injection or directed delivery in clinical trials.
Cosmetic exosomes — typically derived from plant cells, salmon, or human-cell-line cultures — are sold as topical serums on the pitch that those vesicles will reach the dermis and deliver regenerative cargo. They almost certainly do not. The stratum corneum exists. The vesicles, even at the smaller end of the size range, are an order of magnitude too large to passively cross intact skin.