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.
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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.