Financial PerformanceSol-Gel ended 1Q24 with approximately $33M in cash, cash equivalents, bank deposits, and marketable securities, expected to fund operations into the second half of 2025.
Market ExpansionSol-Gel announced that it has signed an asset purchase agreement with China-based Shenzhen Beimei Pharmaceutical Co. Ltd. for the commercialization of Twyneo in treatment of acne vulgaris across mainland China, Hong Kong, Macau, Taiwan and Israel.
Product CoverageManaged care coverage for TWYNEO increased by 1.5M lives since 4Q23 to 102.2M commercial lives covered.