Royalties17 Oct 2025 14:43
AI has updated its position on the NDA as follows;
NDA with Croda
Licensing and commercialization: SkinBioTherapeutics has partnered with Croda to commercialize its Zenakine™ technology. The NDA is a key part of this agreement, which has been a major focus for investors.
"NDA saga": Some sources refer to a "saga" or "dialogue" surrounding the NDA with Croda, implying a period of negotiation, potential challenges, and uncertainty about its outcome.
Commercial success: Recent reports suggest that the commercial launch is progressing well, and that Zenakine™ is not a failure but rather the early stages of a commercial success story, partly due to a strong partnership with Croda.
Improved technology: Zenakine™ is described as an "evolutionary" technology that builds on the legacy of Matrixyl, offering clinically proven performance.
Commercial transition: The company has outlined a strategy to transition from Matrixyl to Zenakine™, including offering both products during a transition period and providing co-branded technical packs to help formulators.
Investor sentiment: While there was some initial frustration about the company's silence on the royalty figures for the Zenakine™/Croda agreement, recent reports indicate a shift in investor sentiment, with some now viewing the deal as a quiet success story.
This suggests that we have zero chance of hearing anything on Royalties until the half-year results in March 2026 and as such the SP will continue moving sideways until then. So much for the £1 by Christmas hey Dustbin, oh wait you said Christmas 2024. Maybe you have now changed your mind until Christmas 2026.
GLA