Sponsored

Skin Elements (ASX:SKN) gears up for launch of ‘game-changing’ sanitiser, Invisi Shield®

Summary

  • Natural skin care company Skin Elements is awaiting TGA registration of its hospital-grade Invisi Shield.
  • The Company anticipates launching a fully responsive Invisi Shield website this month.
  • Following TGA approval, Prudential Consultants will market and sell Skin Elements’ hospital-grade sanitiser to the health care industry.

Perth-based natural skin care company Skin Elements Limited (ASX:SKN) focusses on advancing natural skin care products worldwide. The Company uses the healthiest natural ingredients to develop its products. SKN markets and sells its organic and chemical-free products all over the world.

Skin Elements to launch world’s first All-Natural Hospital grade disinfectant

Skin Elements is all set to launch a game-changing hospital-grade sanitiser. SKN disclosed that the TGA registration of Invisi Shield is in progress, which could be transformational for the award-winning natural skin care company.

The TGA application represents a significant milestone in Invisi Shield’s development process.

TGA Approval on the way

On 11 November 2020, Skin Elements announced that it had submitted a TGA registration application for Invisi Shield® Organics as a Hospital-Grade Disinfectant.

Moreover, the Company is confident that the TGA registration will result in significant commercial-scale sales as well as distribution opportunities for Invisi Shield®.

The registration will also allow Skin Elements to develop specific products as well as label claims regarding Invisi Shield®. Further, a successful TGA listing would also pave the way for SKN to seize new commercialisation opportunities with potential sales partners who insist on TGA registration.

To Know More, Do Read: Skin Elements hits a Major Milestone, Submits TGA Registration for Invisi Shield®

Skin Elements stated that the TGA application for registration of Invisi Shield® represents a significant positive development for the product and will reinforce SKN’s plans to seek new sales and distribution contracts.

Invisi Shield® Distribution Agreement already in place

On 7 August 2020, Skin Elements had signed an agreement (binding distribution) with Prudential Consultants for Invisi Shield® distribution. Further, the Company notified that Prudential Consultants had agreed to a minimum total sales commitment of almost A$2.4 million for three years.

Prudential Consultants is offering Invisi Shield® Organics to:

Moreover, in case the TGA approval is received for hospital-grade Invisi Shield, Prudential Consultants will also provide the sanitiser to the healthcare industry, including hospitals, aged-care centres, and other healthcare centres.

The key highlights from the agreement are:

  • All the IP (Intellectual Property) rights for Invisi Shield® Organics will remain SKN’s property.
  • As the distributor, Prudential Consultants will pay 50% of the product price for an order upon placing the order.
  • The remaining 50% of the payment will be done before the date of order shipment or delivery.
  • The agreement can be extended to a further five years on the expiry of the initial term, subject to both companies’ decision.

Besides, it is noteworthy to mention that Prudential Consultants is a preferred supplier of hand sanitiser to the New South Wales government. It is also a registered supplier to the Tasmanian Department of Education.

ALSO READ: Skin Elements (ASX:SKN) inks new deal to widen its reach in Australasia

Invisi Shield website to be rolled out soon

The Company revealed that it’s new dedicated, fully responsive Invisi Shield website is ready for launch by the end of the month. The website comprises all the details of Invisi Shield formula, including how it works and its standards. With Invisi Shield’s website launch, people can easily purchase the sanitisers from this website. 

Image Source: SKN Investor’s Presentation (4 December 2020)

With the distribution networks in place and a new dedicated Invisi Shield website ready for rollout, Skin Elements is all set to market and sell Invisi Shield hospital-grade disinfectant after a successful TGA registration.

On 22 January 2021, SKN shares were trading at A$0.105 (at AEDT 12:02 PM). The market capitalisation of the Company stood at A$37.92 million.

Interesting Read: A Glimpse of Skin Elements’ (ASX:SKN) Offerings and Strategies


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK