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Stock impact report

Sol-Gel Shines In Treating 2 Skin Disorders, NDAs Expected For Both Indications In 2020 [Seeking Alpha]

Sol-Gel Technologies Ltd. (SLGL) 
Last sol-gel technologies ltd. earnings: 11/13 07:05 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary Sol-Gel announced positive results from two studies using Twyneo to treat patients with acne vulgaris; NDA submission to the FDA for potential approval of the treatment expected 2nd half 2020. It expects to file an NDA to the FDA for Epsolay for the treatment of subtype II papulopustular rosacea, during the 1st half of 2020. The global acne market is expected to exceed $7 billion by 2025. Sol-Gel nologies had a total of $57.7 million in cash, cash equivalents and deposits, and marketable securities as of September 30, 2019. It believes that it has enough cash on hand to fund its operations into Q1 of 2021. SLGL Positive Study Data Moves Company Closer To Large Market There were two phase 3 studies that used Twyneo to treat patients with acne vulgaris. There was a total of 858 patients with moderate to severe acne who were enrolled in two separate pivotal studies. Acne is a skin condition that occurs when hair follicles get clogged up with dead skin cells and oil. It is estimat Show less Read more
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