Sol-Gel Technologies

Sol-Gel Technologies

SLGL
Ness Ziona, Israel· Est.
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SLGL · Stock Price

USD 69.54+61.69 (+785.86%)
Market Cap: $225.7M

Historical price data

Market Cap: $225.7MPipeline: 15 drugs (9 Phase 3)Founded: 1997Employees: 51-200HQ: Ness Ziona, Israel

Overview

Sol-Gel Technologies' mission is to develop and commercialize advanced topical dermatological therapies using its patented Sol-Gel microencapsulation platform. Its key achievement is the FDA approval and launch of TWYNEO® for acne vulgaris, marking its transition to a commercial entity. The company's strategy combines proprietary development of its pipeline with strategic out-licensing to established dermatology players for commercialization. With a pipeline of 15 candidates targeting acne, rosacea, psoriasis, and other conditions, Sol-Gel aims to build a portfolio of differentiated products in the growing medical dermatology market.

DermatologyAcneRosaceaPsoriasis

Technology Platform

Proprietary silica-based microencapsulation technology that entraps drug molecules in an inert silica matrix, enabling stabilization of incompatible actives, controlled release, and improved tolerability for topical dermatological products.

Pipeline

15
15 drugs in pipeline9 in Phase 3
DrugIndicationStageWatch
S6G5T-3 + S6G5T-8Acne VulgarisPhase 3
5-FU Cream + Efudex® + VehicleActinic Keratosis (AK)Phase 3
Patidegib Topical Gel, 2% + Patidegib Topical Gel, VehicleBasal Cell Nevus SyndromePhase 3
S5G4T-1Papulopustular RosaceaPhase 3
S5G4T-1 + S5G4T-2Papulopustular RosaceaPhase 3

Funding History

2
Total raised:$25M
PIPE$25M
IPOUndisclosed

Opportunities

The large, chronic nature of dermatology markets like acne and rosacea provides a substantial addressable patient population.
The platform's ability to create novel, patent-protected formulations from existing drugs offers a efficient path to building a broad portfolio and securing lucrative partnership deals.

Risk Factors

Commercial success is dependent on a partner's execution for its lead products.
The broad pipeline requires significant capital to advance, posing a financial risk.
Clinical failure of mid-stage assets could undermine confidence in the platform beyond its initial validation.

Competitive Landscape

Competes against large dermatology pharma and biotechs with novel biological agents. Sol-Gel's differentiation lies in its drug delivery platform, aiming to improve established therapies rather than discover new targets, which creates both a niche opportunity and a challenge in demonstrating superior clinical value.

Company Timeline

1997Founded

Founded in Ness Ziona, Israel

2019IPO

Initial Public Offering

2021PIPE

PIPE: $25.0M