Company news

SkinBioTherapeutics plc

(“SkinBioTherapeutics” or “the Company”)

Expanded enrolment for AxisBiotix-PsTM food supplement consumer study

• Study size increased to 250 from 200, following high demand for places
• Study to commence by end February 2021
• Participants’ feedback on AxisBiotix-PsTM to be monitored through smart devices

SkinBioTherapeutics plc (AIM: SBTX), a life science company focused on skin health, announces that AxisBiotix Limited, a wholly owned subsidiary of the Company, has increased the size of its food supplement consumer study from 200 to 250 participants, following a high level of demand.

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AxisBiotix Limited commences enrolment for its food supplement consumer study. To see more and how you can participate then please go to axisbiotix.com and also watch our video.

Manchester, UK – 03 March 2020 – SkinBioTherapeutics plc (AIM: SBTX or the “Company”) a life sciences company focused on skin health, announces its unaudited half year results for the six months to 31 December 2019.

Operational and financial highlights

• New strategy presented to shareholders, defining five pillars of development and commercial focus
• Signed first commercial agreement in November 2019, with Croda International Plc (“Croda”), using SkinBiotix® as the foundation of an active skincare ingredient
• Post period end, signed a development agreement around the skin-gut axis with Winclove Probiotics B.V. (“Winclove”) to create a specialist probiotic food supplement targeting psoriasis
• Loss from operations of £889k (H1 2018: £632k) with increase due to R&D and operating expenditure
• Cash as at 31 December 2019 £2.5m (30 June 2019: £3.1m), in line with management’s expectations

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