SkinBioTherapeutics to launch psoriasis targeting food supplement on October 29
AxisBiotix-Ps was described as delivering "tremendous results" for sufferers of the skin condition during a study conducted earlier this year
Company
LON:SBTX
SkinBioTherapeutics PLC is a life science company focused on skin health. The company’s proprietary platform technology, SkinBiotix ® , is based upon discoveries made at The University of Manchester.
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AxisBiotix-Ps was described as delivering "tremendous results" for sufferers of the skin condition during a study conducted earlier this year
AxisBiotix may have applications for eczema, acne and rosacea, the company said
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The breakthrough was developed by the company's subsidiary in collaboration with partner Winclove Probiotic
“This new strand to our development portfolio also presents near-term opportunities," said chief executive Stuart Ashman
The idea of the partnership is to find products ripe for commercialisation
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The life sciences company had a comfortable cash position of £5.5mln as of December 31
The additional 65 places are for patients suffering from non-psoriatic conditions to explore the possible impact of probiotics on other skin conditions
Here we take a closer look at SkinBioTherapeutics, the life sciences group that is using bacteria to improve people’s skin
A further 50 people will participate, taking the number to 250
A proprietary blend of bacterial strains has been specifically designed to balance the gut microbiome to address the overproduction of new skin cells often seen in aggressive skin conditions such as psoriasis
Financially, the group remains well placed. It finished the 12 months to June 30, 2020, with £2.2mln in the bank and topped this up last month with a further £4.45mln from a placing and open offer
Acceptances for the offer, which was priced at 16p, amounted to 2.8mln shares
The junior life sciences firm is making good progress with Winclove Probiotics and Croda
As well as a placing at 16p a share, the firm has organised an open offer of stock that could bring in an additional £500,000
Since 2010, Dr Sheffield formerly served as the CEO of the National Institute for Health Research (NIHR), Clinical Research Network, which delivers clinical research studies throughout the NHS in England covering primary, secondary and tert
The ‘self managed’ psoriasis food supplement trial is expected to accelerate the timing of readout and allow for a “significantly earlier commercial launch than originally planned”
The life sciences firm studies how to enhance and reintroduce the good bacteria on the skin