|By Marketwired .||
|May 16, 2014 02:51 PM EDT||
LAS VEGAS, NV -- (Marketwired) -- 05/16/14 -- Skinvisible Pharmaceuticals, Inc. (OTCBB: SKVI) (OTCQB: SKVI) has received notification from the Federal Public Service (FPS) Health, Food Chain Safety and Environment in Belgium that it has extended the registration of DermSafe, its unique antimicrobial hand sanitizer, for an additional ten years; until December 31, 2024. This replaces the previous authorization which was granted for only two years. DermSafe is regulated in accordance with Biocidal Product Regulation (EU) No. 528/2012. BPR regulates the marketing and use of biocidal products and has put into place regulations to improve the use and safety of biocidal products marketed by member states in the European Union.
DermSafe's approval in Belgium will act as the "Reference Member State" which will be leveraged for further authorization through-out Europe. This is a straight-forward process which involves notification in most countries. The entire EU authorization process is expected to be completed within five months.
"This extended authorization by the FPS in Belgium has provided Skinvisible with the opportunity to market DermSafe in Europe over a much greater period of time than previously granted," stated Mr. Terry Howlett, President and CEO. "We believe DermSafe is a product that can help prevent the spread of debilitating and fatal germs in hospitals, at home, at work and in the military and we are eager to make it available through-out Europe through distributors and licensees."
DermSafe is a non-alcohol hand sanitizer made with 4% chlorhexidine gluconate which has demonstrated persistent protection of both gram-negative and gram-positive bacteria and viruses through independent laboratory studies. Successful studies were performed against Methicillin-resistant Staphylococcus aureus (MRSA) and Escherichia coli (E. coli) as well as the Influenza A viruses H5N1 and H1N9. Skinvisible is currently investigating further testing of DermSafe against the Middle East Respiratory Syndrome Coronavirus (MERS-CoV); a SARS-like virus and a new avian influenza A virus called H7N9.
DermSafe is currently available from Alto Pharmaceuticals in Canada. Skinvisible is seeking additional licensees in select territories for commercial and/or retail markets.
About Skinvisible Pharmaceuticals, Inc
Skinvisible Pharmaceuticals is a research-and-development company that licenses its proprietary formulations made with Invisicare, its patented polymer delivery system that offers life-cycle management and unique enhancements for topically delivered products. Invisicare holds active ingredients on the skin for extended periods of time resisting both wash off and perspiration along with controlling the release of actives and reducing irritation. Skinvisible receives a combination of research and development fees, upfront license fees, and ongoing royalties for the life of the Invisicare patent. Skinvisible's value also lies in its ability to continually generate new IP on topical products formulated with Invisicare. www.skinvisible.com and www.invisicare.com.
Forward-Looking Statements: This press release contains 'forward looking' statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward looking statements as a result of risk factors discussed in Skinvisible, Inc. reports on file with the U.S. Securities and Exchange Commission (including, but not limited to, a report on Form 10Q for the quarter ending March 31, 2014).
Skinvisible Pharmaceuticals, Inc.
Email: [email protected]
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