Breaking News SKVI: Skinvisible Awarded Comprehensive Invisicare Patent for Canada – Global Patent Protection for Invisicare Increases

Skinvisible Awarded Comprehensive Invisicare Patent for Canada

Global Patent Protection for Invisicare Increases

LAS VEGAS, Feb 22, 2011 (GlobeNewswire via COMTEX) — Skinvisible, Inc. (OTCQB:SKVI) announced that the Canadian Patent Office has issued a Notice of Allowance for the comprehensive technology patent for Skinvisible’s Invisicare polymer delivery system. Invisicare is the core technology in Skinvisible’s portfolio of products which consists of thirty-six formulated topical products including prescription, over-the-counter and cosmetic formulations. Invisicare enhances the delivery of topical products with water insoluble actives as well as certain cationic actives by controlling the release of these actives as well as binding the products to the skin for an extended duration.

The Canadian patent for Invisicare (Patent number 758/10701.492) includes a total of forty-eight claims. This patent protects Invisicare in three key areas: ‘Topical Composition’, ‘Topical Composition Precursor’, and ‘Methods for Manufacturing and Using’. Internationally, this is the seventh comprehensive patent granted to Skinvisible for its Invisicare technology. This Canadian patent is equivalent to the Invisicare patents already granted in Australia, China, Hong Kong, India, Japan and Korea. Skinvisible also holds four United States patents which include one product patent and three patents relating to Invisicare.

Currently Skinvisible has twenty-eight patents pending including twelve in the United States and sixteen international applications covering six patents.

“Being granted the Invisicare patent in Canada fortifies Skinvisible’s global intellectual property portfolio,” said Mr. Terry Howlett, President and CEO of Skinvisible. “It is a key strategic priority for Skinvisible to obtain patent coverage for our Invisicare technology as well as the unique product benefits that we discover during our research and development process.” He added, “For Skinvisible, our patents are intrinsic to the overall value of our products we offer for licensing. Invisicare provides a valuable, cost-effective way for pharmaceutical companies to implement a life cycle management strategy for their existing products by expanding their products’ benefits and extending their exclusivity in the marketplace with a new patent.”

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 Pharmaceuticals is a research-and-development company whose primary business objective is to license its proprietary formulations with Invisicare to pharmaceutical and cosmeceutical companies as well as assisting companies in enhancing their existing skin care products. 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 dermatology and medical products formulated with Invisicare. www.skinvisible.com

The Skinvisible, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7744

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 10K for the quarter ending October 31, 2010).

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Skinvisible, Inc.

StockGuru is STOCKGURU.COM. 1601 Berwick Drive, McKinney, Texas 75070 – (469) 252-3030. Disclosure: StockGuru has covered SKVI before for compensation, however, today we are covering this release due to the recent activity in the stock and the significance of the news. StockGuru entered into an investor relations consulting and market awareness contract on July 12, 2010. The company paid us five thousand dollars per month in cash for the period one month. StockGuru was previously compensated 500,000 144 restricted common shares by the company for profile coverage for the period ending January 30, 2010. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. We hold no shares and will not be receiving further compensation that is share related during this period. StockGuru is not a registered investment adviser or a broker/dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.

Left Menu Icon
Right Menu Icon