Sol-Gel’s patented control processes enable the development of improved drug delivery capabilities.
Israeli billionaire businessman Mori Arkin is in talks to buy Sol-Gel Technologies, a company developing skincare products using nanotechnology, according to Globes.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
If the deal goes through, Arkin will purchase Sol-Gel for an estimated total of $10 million if milestones are met.
Established in 1997, Sol-Gel invented a way to use nanotechnology to allow skincare products dealing with common conditions like rosacea and acne to actually penetrate the skin.
Sol-Gel is managed by Dr. Alon Seri-Levy. Its proprietary method consists of wrapping molecules with nanoscale particles in order to help the materials inside penetrate the skin. The active ingredients in Sol-Gel don’t have to be unique, and, in fact, are mostly generic, the wrapping is a unique technology, which improves the performance of the generic drug.
The company’s website states that Sol-Gel’s patented control processes enable the development of drug delivery capabilities ranging from completely non-leachable capsules to a selectively porous barrier that allows controlled release of active ingredients after a product is applied to the skin.
According to Globes, Sol-Gel negotiated to register its product with a few leading companies in the past, including a $150 million deal that didn’t materialize. The anticipated Arkin deal will add $7 million to Sol-Gel’s founders’ take, if the product actually proves a success.
Mori Arkin comes from the family that founded Agis, which also deals in dermatology. He is the 16th wealthiest Israeli, with Arkin Holdings, pharmaceuticals valued at $1.2 billion. He is in 1, 418th place on the list of the world’s richest people.