Yes, when properly screened and given by a trained provider
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As to what it does in cosmetic products, we found manufacturers info claiming that it plays a role in supplying fibroblast cells (VIP skin cells that make collagen) with nutrients, in the growth and migration of cells and in wound healing
10.3389/fphar.2019.00382 Front Pharmacol
Moreover, PS externalization, which is one culmination point of eryptosis signaling, is known to be immunosuppressive and antiinflammatory [233]