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An announcement from Botanix Pharmaceuticals Limited ( (AU:BOT) ) is now available.
Botanix Pharmaceuticals has successfully completed the commercial launch of its Sofdra™ topical gel, reporting strong initial sales figures with over 500 new patient arrivals per week and 1,500 prescribers engaged. The company has also secured a $40 million capital raise to accelerate the product’s commercialization, aiming to expand its sales force and digital marketing efforts, which is expected to enhance its market position and drive further revenue growth.
More about Botanix Pharmaceuticals Limited
Botanix Pharmaceuticals Ltd is a clinical dermatology company focused on the development and commercialization of dermatological products. Its primary product, Sofdra™, is a topical gel used in dermatological treatments, with a market focus on expanding its presence in the dermatology sector.
YTD Price Performance: -10.23%
Average Trading Volume: 9,746,724
Technical Sentiment Signal: Sell
Current Market Cap: A$723.9M
Find detailed analytics on BOT stock on TipRanks’ Stock Analysis page.