VYNE THERAPEUTICS INC.

(VYNE)
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Delayed Nasdaq  -  05/19 04:00:00 pm EDT
0.3995 USD   -0.08%
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Vyne Therapeutics Initiates Process to Explore A Sale or License of Its Topical Minocycline Franchise

08/12/2021 EDT

VYNE Therapeutics Inc. (Nasdaq: VYNE) conducted a review of its commercial and research and development portfolio of assets to determine how to optimally deploy capital and maximize shareholder value. Following this review, the Company has determined to initiate a process to explore a sale or license of its topical minocycline franchise, including AMZEEQ, ZILXI and FCD105 (the Company’s Phase 3 proprietary novel topical combination foam formulation of minocycline and adapalene for the treatment of moderate-to-severe acne vulgaris), as well as the underlying Molecule Stabilizing Technology platform specific to this portfolio. As VYNE transitions its focus and spend toward developing its pipeline, the Company expects to immediately reduce certain of its operating expenses currently supporting its commercial operations, but intends to maintain its sales force into the fourth quarter of 2021 while it seeks a commercial partner. “We continue to face headwinds commercializing our products in this environment,” said David Domzalski, CEO of VYNE. “We have been evaluating our portfolio of assets for some time in order to determine how to optimally deploy capital and drive shareholder value. After careful consideration, we have made the strategic decision to initiate a process to sell or license our topical minocycline franchise. We continue to believe that these products have significant commercial value, but their full potential is more likely to be realized in the hands of a partner with additional scale and resources. Going forward, we will focus our efforts on our pipeline of novel drug candidates”.


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Stocks mentioned in the article
ChangeLast1st jan.
BELIEVE 0.10% 9.815 Real-time Quote.-41.98%
VYNE THERAPEUTICS INC. -0.08% 0.3995 Delayed Quote.-60.80%
All news about VYNE THERAPEUTICS INC.
05/18VYNE Therapeutics to Present at HC Wainwright & Co. Global Investment Conference
AQ
05/17VYNE THERAPEUTICS INC. : Regulation FD Disclosure, Financial Statements and Exhibits (form..
AQ
05/17TRANSCRIPT : VYNE Therapeutics Inc. - Special Call
CI
05/12VYNE THERAPEUTICS INC. Management's Discussion and Analysis of Financial Condition and..
AQ
05/12Earnings Flash (VYNE) VYNE THERAPEUTICS Reports Q1 Loss $-0.14
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05/12Earnings Flash (VYNE) VYNE THERAPEUTICS Reports Q1 Revenue $178,000
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05/12VYNE Therapeutics Inc. Reports Earnings Results for the First Quarter Ended March 31, 2..
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05/12VYNE Therapeutics Reports First Quarter 2022 Financial Results and Provides Business Up..
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05/12NORTH AMERICAN MORNING BRIEFING : Stocks Seen -3-
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05/10VYNE Hosting Key Opinion Leader Event on Novel InhiBET™ BET Inhibitor Platform
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Financials (USD)
Sales 2022 0,43 M - -
Net income 2022 -37,4 M - -
Net Debt 2022 - - -
P/E ratio 2022 -0,69x
Yield 2022 -
Capitalization 23,2 M 23,2 M -
Capi. / Sales 2022 53,4x
Capi. / Sales 2023 5,51x
Nbr of Employees 28
Free-Float 91,0%
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Number of Analysts 6
Last Close Price 0,40 $
Average target price 5,80 $
Spread / Average Target 1 351%
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Managers and Directors
David Domzalski President, Chief Executive Officer & Director
Tyler Zeronda Chief Financial Officer & Treasurer
Iain A. Stuart Chief Scientific Officer
Sharon Barbari Independent Director
Steven L. Basta Independent Director
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