Full Year Results

Full Year Results

Manchester, UK - 25 October 2018 - SkinBioTherapeutics plc (AIM: SBTX - "SkinBioTherapeutics" or the "Company") a life sciences company focused on skin health, has announced its full year results for the year to 30 June 2018.

Key highlights

-         SkinBiotix passed key cytotoxicity safety tests

-         Replication of lysate manufacturing process by a third party and successful industrial volume scale-up

-         Production of a cream formulation that demonstrated effectiveness of SkinBiotix technology

-         Expansion of intellectual property portfolio, with patents granted in Australia, Russia and New Zealand

-         Signing an MTA (Material Transfer Agreement) with global consumer goods company

-         Ethics approval for cosmetic human study

-         Extension to University of Manchester research agreement

-         Cash as at 30 June 2018 3.2m (2017: 3.9m)

-         Post year end: commenced first human cosmetic studies

 

Cath O'Neill, CEO of SkinBioTherapeutics, said:

"This year, our focus has been on preparing the SkinBiotix technology for its first human study and longer-term preparations for commercialisation. On both fronts, we have made good progress.

"Firstly, we have demonstrated that our lysate can be freeze dried and scaled-up to industrial levels. On the commercial front, we have an ongoing dialogue, including an MTA, with a range of major FMCG and cosmetic companies who are taking a close interest in our technology and progress.

"Post year end, we initiated the cosmetic human studies which was a major milestone for the Company. On the basis that the results are positive, the validation will strengthen our position as a science-led business and enable further commercial discussions." 

25th October, 2018
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