SkinBioTherapeutics (SBTX)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 9.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 29.00
  • 52 Week Low: 7.25
  • Currency: UK Pounds
  • Shares Issued: 200.38m
  • Volume: 206,658
  • Market Cap: £18.54m

SkinBioTherapeutics launches new consumer study into acne

By Iain Gilbert

Date: Wednesday 25 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Life sciences company SkinBioTherapeutics said on Wednesday that it had begun a new consumer study into acne, with two new formulas set to be trialled in order to compare efficacy against "the most common skin condition".
Two separate blends, formulated by Dutch food supplement provider Winclove Probiotics, will be tested side-by-side in a consumer volunteer study to determine which has better efficacy. SinBioTherapeutics aims to target the inflammatory pathways associated with irritable skin conditions like acne.

The study will involve 300 UK-based participants with acne-prone skin, who will be mailed the products and record their experience of using them in a weekly questionnaire over eight weeks.

Chief executive Stuart Ashman said: "This study is potentially a major step towards the commercialisation of a new probiotic treatment that could address the root causes of conditions like acne. Acne, and related irritable and inflammatory conditions are not just skin deep - there is considerable evidence to suggest that it is caused by an imbalance in the gut-skin axis, where the absence of certain strains of bacteria and the overpresence of others can stimulate excessive sebum production. Our probiotic formulation aims to correct this imbalance in the same manner as our psoriasis product - AxisBiotix-Ps."

SkinBioTherapeutics also said full-year trading was in line with market expectations, with cash at year-end of £1.3m, ahead of expectations of £1.1m. The company will update shareholders when its full-year results are published in November.

As of 1055 BST, SkinBioTherapeutics shares were up 0.76% at 26.40p.









Reporting by Iain Gilbert at Sharecast.com

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SBTX Market Data

Currency UK Pounds
Share Price 9.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 29.00
52 Week Low 7.25
Volume 206,658
Shares Issued 200.38m
Market Cap £18.54m

SBTX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.24% below the market average69.24% below the market average69.24% below the market average69.24% below the market average69.24% below the market average
80.39% below the sector average80.39% below the sector average80.39% below the sector average80.39% below the sector average80.39% below the sector average
Price Trend
81.4% below the market average81.4% below the market average81.4% below the market average81.4% below the market average81.4% below the market average
32.14% below the sector average32.14% below the sector average32.14% below the sector average32.14% below the sector average32.14% below the sector average
Income Not Available
Growth
17.30% above the market average17.30% above the market average17.30% above the market average17.30% above the market average17.30% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average

SBTX Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
16:27 75,000 @ 9.00p
16:13 17,200 @ 9.07p
15:25 294 @ 9.07p
12:06 5,000 @ 9.06p
10:02 1 @ 9.18p

SBTX Key Personnel

CEO Stuart Ashman
CFO Manprit Singh Randhawa

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