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Sol-Gel Technologies Reports Full Year 2020 Financial Results and Corporate Update

Written by Customer Service on . Posted in Public Companies.

• Epsolay®and Twyneo®PDUFA goal dates set for April 26, 2021 and August 1, 2021 respectively
• Top-line generic product revenue of $8.7 million in fiscal 2020• Signed additional generic product collaboration agreements with Perrigo, bringing the number of collaborations between the companies to 12
NESS ZIONA, Israel, March 04, 2021 (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 financial results for the full year ended December 31, 2020 and provided corporate updates.“I am very pleased with the major milestones that were achieved by Sol-Gel last year. After announcing positive data from Phase 3 trials of Epsolay and Twyneo and submitting NDAs to the FDA within guided timelines, 2020 was highlighted by positive acceptances of both NDAs and allocated PDUFA dates,” commented Dr. Alon Seri-Levy, Chief Executive Officer of Sol-Gel. “Given the competitive landscape of the dermatology market and the significant capital that would be needed to directly commercialize our products, our current operational model assumes we will partner with a dermatology company that has a strong market presence.  This would enable us to capture market share more quickly without the need to invest in building our own marketing and sales force and would allow us to further invest in the development of our pipeline of products with larger potential markets,” continued Dr. Seri-Levy.Corporate Highlights and Recent Developments

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