Omega Skin Solutions Announces Licensing Deal

By: Omega Skin Solutions
 
ALLENTOWN, Pa. - Oct. 12, 2016 - PRLog -- Omega Skin Solutions today announced a licensing deal with a private equity firm.  Under the terms of the deal, the private equity firm will acquire, develop, and market Omega's products for acne, hair loss, wrinkles and other skin blemishes.  In return, Omega will receive milestone payments and 10% of sale revenue.

Dr Ketan Desai, chairperson of the board, said "It is great to have a successful exit only four years after incorporation in such a competitive market.  I have no doubt that our lead product will become the market leader in Acne treatment within a few years".

Omega Skin Solutions is a Pennsylvania based corporation developing products for skin care.  It has patents awarded for various skin diseases and has undertaken studies to support them.  The lead product, OSS1, had demonstrated superiority to ProActive® in a study

The name of the private equity firm was not disclosed.  The deal was signed on October 11 in Maryland, USA.  For further information, contact Ketan Desai through http://www.intmedc.com

Contact
Ketan Desai
***@intmedc.com
End
Source:Omega Skin Solutions
Email:***@intmedc.com Email Verified
Tags:Acne, Ketan Desai, Omega Skin Solutions
Industry:Biotech
Location:Allentown - Pennsylvania - United States
Subject:Partnerships
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Page Updated Last on: Nov 03, 2016



Like PRLog?
9K2K1K
Click to Share