REG - SkinBioTherapeutics - AxisBiotix Acne study reports positive data

SkinbiotherapeuticsAnnouncement

18/06/2024 07:00

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RNS Number : 7824S  SkinBioTherapeutics PLC  18 June 2024

 

SkinBioTherapeutics plc

("SkinBioTherapeutics" or "the Company")

 

 

AxisBiotix Acne food supplement consumer study reports positive data

·   Very positive feedback from participants with a range of acne skin
conditions

·   Improvement observed in spot appearance (84%) and pain caused by spots
(77%)

·   93% of participants completed exit study of which 89% reported they
would continue using AxisBiotix supplement post-study

·   Determining end formulation for final consumer product is the next step
in the commercialisation strategy

 

18 June 2024 - SkinBioTherapeutics plc (AIM: SBTX), a life science company
focused on skin health, announces that AxisBiotix Limited ("AxisBiotix"), a
wholly owned subsidiary of the Company, has finalised the analysis of the data
from its AxisBiotix Acne food supplement consumer study. Participant feedback
was highly positive.

The 8-week consumer volunteer study of the food supplement blend, AxisBiotix
Acne, commenced in January 2024. The study, which enrolled 98 people, followed
the same methodology as the AxisBiotix-Ps study. The supplement containing the
lead formulation was supplied to participants in powder-form. Participants
were then asked to record scores against specific criteria on an app. The
scoring criteria included severity of acne, level of pain, attitude to
appearance and levels of confidence.

Study results

The participants provided feedback weekly via a bespoke app (85 participants
reported every week - an 87% completion rate), as well as via an exit survey,
which produced the following results:

·    84% reported that the appearance of their spots had improved;

·    77% reported that the pain caused by their spots had eased;

·    62% reported that the anxiety they felt due to their spots had
improved;

·    58% reported that the impact their spots had on their social life had
improved.

Of the 91 participants that completed the exit survey (93% of participants),
89% reported that they would continue using the supplement and recommend it to
others.

As part of the exit interviews, participants were also asked to comment on
their experience using AxisBiotix. Statements included:

"My skin has greatly improved.  My  spots have reduced in size and I didn't
see that many new ones appearing. I'm very happy with my skin, it's much
clearer now."

"After this trial my skin looks clearer and even  my  scars became less
visible. I don't need to use foundation to cover any blemishes and scars.
Thank you."

"I think my skin looks smooth and clear. It has a lovely glow and I have been
able to go out without any makeup. My skin looks rejuvenated and I have had
many compliments. I have far less blackheads and white heads, which were a big
concern for me. I feel much happier."

Exit Questionnaire Improvements summary of data

[Source: Datitude Limited]

A summary of the research report will be available at 9am on 18 June 2024 on
the Company's Investor Relations Company Announcements website.

Up to 85% of people will suffer from acne at some point in their life and
sufferers tend to be keen to alleviate their symptoms. The global acne market
is worth $9.4billion with CAGR of 4.8% (Fortune Business Insights 2019). In
the UK alone, the market is worth c. £250m in 2022 and is projected to reach
c.£300m in 2030, with c.34% of adults in the UK experiencing acne at some
time in their lives. Acne is the most common skin condition and one of the top
10 most prevalent diseases worldwide.

Acne can range from mild to severe and typically affects teenagers and young
adults but anyone can be affected. Treatment of severe acne often requires
topical steroid creams which can lead to undesirable side effects, including
skin dryness, irritation, and rashes. Alternative treatments include oral
medications where side effects can be more severe e.g. depression or suicidal
thoughts.

Sarah Hughes, Co-Founder and Director of Datitude Ltd, said:

"We have really enjoyed being part of this study and it's fantastic to see the
difference it's made for so very many people."

 

Stuart Ashman, CEO of SkinBioTherapeutics, said:

"On behalf of SkinBioTherapeutics, thank you to all the participants in the
study and the team that oversaw it. I am very pleased with the results of the
study, which stand as a testimonial to the effectiveness of our AxisBiotix
Acne food supplement technology in treating acne skin conditions. Now, our
attention turns to planning the commercialisation of the product to a market
eager for effective solutions. We still have some work to do on end
formulation but our focus is very much on commercialisation. This second food
supplement greatly derisks the science when discussing wider launches with
larger, multinational partners."

 

-Ends-

The information communicated in this announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation (EU) No.
596/2014.

 

For more information please contact:

 

 SkinBioTherapeutics plc                            Tel: +44 (0) 191 495 7325

 Stuart J. Ashman, CEO

 Manprit Randhawa, CFO

 Cavendish Capital Markets Limited                  Tel: +44 (0) 20 7220 0500

 (Nominated Adviser & Broker)

 Giles Balleny, Dan Hodkinson (Corporate Finance)

 Charlie Combe (Broking)

 Dale Bellis, Tamar Cranford-Smith (Sales)

 Instinctif Partners (financial press)              Tel: +44 (0) 20 7457 2020

 Melanie Toyne-Sewell / Jack Kincade                SkinBioTherapeutics@instinctif.com

Notes to Editors

About SkinBioTherapeutics plc

SkinBioTherapeutics is a life science company focused on skin health. The
Company's proprietary platform technology, SkinBiotix®, is based upon
discoveries made by the translational dermatology team at the University of
Manchester.

The Company is targeting a number of skin healthcare sectors, the most
advanced of which are cosmetic skincare and food supplements to modulate the
immune system by harnessing the gut-skin axis. In each area
SkinBioTherapeutics plans to exemplify its technology through human studies.
The Company's first product, AxisBiotix-Ps™, a food supplement to address
the symptoms of mild to moderate psoriasis.

The Company listed on AIM in April 2017 and is based in Newcastle, UK. For
more information, visit: www.skinbiotherapeutics.com
(http://www.skinbiotherapeutics.com) and www.axisbiotix.com
(http://www.axisbiotix.com) .

 

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