Skinvisible, Inc. (OTCBB:SKVI) StockGuru SKVI Profile
SKVI’s recent exclusive licensing agreement with RHEI creates the opportunity for Skinvisible to be profitable in 2010.
This represents a HUGE milestone for ANY pharmaceutical company. The potential for SKVI at this point is tremendous and they find themselves at an inflection point. This is the time to be in SKVI.
The RHEI exclusive licensing agreement for $1.5M in Licensing Fees will be paid in milestones from an incredibly solid firm with business in Europe and CHINA: RHEI which is a Hong Kong based pharmaceutical company. The licensing agreement is in addition to ongoing royalties SKVI will receive from the sales of their licensed products. This creates two significant revenue streams for SKVI.
The RHEI agreement is supported by the all important patent recently issued in Hong Kong.
The timing of the RHEI Agreement (RHEI is a Hong Kong based pharmaceutical company) is clearly opportune and NOT BY ACCIDENT. You have the Hong Kong patents being issues simultaneously with the RHEI agreement. Management is working hard here and the shareholders are the clear beneficiaries.
The two new agreements with RHEI represent $1.5 million in licensing fees and – additional – on-going royalties on product sales for Skinvisible. Pursuant to this agreement RHEI will launch the three SKVI products once a manufacturer is located in the applicable regions.
What this means is that SKVI which has a overhead of less than $100,000 a month has the potential to be cash flow positive for the balance of the year.
When you couple this with royalty and polymer income on products already licensed — SKVI should be profitable in 2010.
SKVI continues to work on other new licensing opportunities as well — success breeds success.
RHEI Pharmaceuticals HK Ltd. is a Hong Kong based pharmaceutical company and a subsidiary of Luxembourg-based Leeward Ventures SICAR SCA.
Profitability is the beginning of very good things for SKVI and its shareholders. This is a keeper.
Let’s all keep watching this one!
Skinvisible, Inc. / Skinvisible Pharmaceuticals, Inc.
6320 S. Sandhill Road, Suite 10
Las Vegas, Nevada, 89120 U.S.A.
About Invisicare: Invisicare is Skinvisible’s patented polymer delivery system that offers life-cycle management and unique enhancements for topically delivered products. It is a combination of hydrophilic and hydrophobic polymers that hold active ingredients on the skin for extended periods of time resisting both wash off and perspiration. Invisicare can control the release of actives, reduce irritation and can eliminate some costly manufacturing processes. It is non-occlusive and allows for normal skin respiration while protecting against environmental irritants. www.invisicare.com
About Skinvisible Pharmaceuticals, Inc.
Skinvisible 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, license fees, and royalties for the life of the patent. Skinvisible’s value also lies in its ability to continually generate new IP on topical products formulated with Invisicare.
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