Lemming blog7 Nov 2018 15:54
SkinBioTherapeutics (SBTX) SkinBiotix® technology generates positive data in first two elements of its human study, announces positive data from the first two elements of its human study which focus on skin irritancy and moisturisation potential. As previously announced on 19 September 2018, the third, main element of the human study will commence later this month (November). This will comprise 120 volunteers with self-assessed 'dry skin', and is designed to analyse the longer term moisturisation effects and impact on skin barrier function of the SkinBiotix® technology in more depth.
Should the third and final element of the study also prove positive, this dramatically changes the investment lanscape by significantly de-risking the science, therefore the company. And as outlined before, the company has no shortage of potential commercial partners sitting in the wings.
It seems one or two BBM's are missing a rather important aspect of today's news, this being; the news demonstrates the safety of its SkinBiotix® technology in human studies. This and the ability to scale up to manufacturing level were the two major risk factors that have now been successfully overcome. As such this is a major milestone for the Company. I suspect when people talk this in it will fly.