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Sol-Gel Technologies Partnered Generic Product Expected to Launch in the Second Quarter of 2021

Sol-Gel Technologies Ltd. (SLGL) 
Last sol-gel technologies ltd. earnings: 11/13 07:05 am Check Earnings Report
Company Research Source: GlobeNewswire
NESS ZIONA, Israel, July 28, 2020 (GLOBE NEWSWIRE) -- Sol-Gel Technologies, Ltd. (NASDAQ: SLGL), a clinical-stage dermatology company focused on identifying, developing and commercializing branded and generic topical drug products for the treatment of skin diseases, today announced that Sol-Gel has been informed by its collaboration partner that the launch of an FDA-approved generic drug is expected in the second quarter of 2021. In 2019, sales of the brand name product exceeded $180 million in the United States. Per terms of the previously announced collaboration agreement, Sol-Gel will receive payments based on product sales beginning at the launch date. “We are delighted to announce the expected market entry of a second partnered generic dermatology product,” commented Alon Seri-Levy, Chief Executive Officer of Sol-Gel. “Importantly, the launch has the potential to add a new, significant stream of revenue to Sol-Gel in 2021.” About Sol-Gel Technologies Sol-Gel is a clinical-st Show less Read more
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