IDP Continued to storm forward4 May 2017 06:57
InnovaDerma's shares continued to storm forward as the life sciences firm announced a distribution deal with online retailer Asos for its Skinny Tan product.
The self-tan product went on sale in Superdrug in February last year.
In January, Innova said the product was largely responsible for its 80 per cent year-on-year sales growth.
The deal will see Skinny Tan sold on Asos's website from June and marketed and distributed globally.
InnovaDerma has seen shares rally 45 per cent over the past month.
This has been helped in part by its acquisition of Ergon Medical, the manufacturers of Prolong, the world's only FDA-cleared medical device used to treat premature ejaculation.
Shares rose 17.4 per cent, or 35p, hitting a four-month high of 236.5p.
Read more: http://www.thisismoney.co.uk/money/markets/article-4470996/MARKET-REPORT-Software-firm-Sage-Group-tops-FTSE.html#ixzz4g5CYIBZL
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