Interim update on human studies and extension of IP portfolio
Manchester, UK – 31 January 2019 – SkinBioTherapeutics plc (AIM: SBTX – “SkinBioTherapeutics” or the “Company”), a life science company focused on skin health, provides interim data on the third and final phase of its human studies and an update on one of its patents.
SkinBioTherapeutics has completed testing on 60 of the total 120 volunteers for its human study, with no compliance or safety concerns.The final 60 volunteers are now being treated and the Company remains on track to complete the study during Q1 2019 as expected.
The study is double-blinded, meaning neither the volunteers nor the experimenters know who is receiving a particular treatment, to prevent any bias. For this reason, SkinBioTherapeutics will need the full dataset before it can be ‘unblinded’ for statistical analysis. The data will then be assessed to determine effectiveness - whether theSkinBiotix® technology retains the same beneficial property of improving skin health when in a cream formulation.
The resulting safety, irritancy and effectiveness data will be shared with potential global partners interested in commercialising the SkinBiotix® technology. A number of these companies have provided input into the study testing and analysis protocols.
In addition to the interim human study data, the Company has expanded its patent portfolio, with a patent proceeding to grant in Mexico. Adding protection around the SkinBiotix® technology is a key part of the Company's strategy. This patent will add to those already granted in Australia, New Zealand and Russia and a number of other patent applications are in process.
Dr Cath O’Neill, CEO of SkinBioTherapeutics, commented:
“We have now recruited all 120 volunteers and, at this mid-way point, there are no safety concerns. We remain on schedule to complete the human study during the first quarter of 2019.
“Being able to determine the potential for our SkinBiotix® technology as a clinically effective solution to improve skin health allows us to actively progress discussions with partners interested in commercialising the technology as a cosmetic.
“We are also determined to protect our intellectual property, hence the expansion of our patent portfolio.”31st January, 2019