Clinuvel Pharmaceuticals (ASX: CUV) focuses on geographical expansion, clinical progress

Wed 10 Jan 24, 04:41 AM | Team Kalkine

Image source: Pixabay

Highlights

Clinuvel is a global specialty pharmaceutical company focused on development of SCENESSE® drug

The coampny is focused on expanding its business in the Middle East, Europe and North America

Wolgen (Philippe Jacques) has the highest stake in the firm with a shareholding of nearly 6.83%

Clinuvel Pharmaceuticals Limited (ASX: CUV) is an ASX-listed international specialty pharmaceutical company which is engaged in commercializing and developing treatments for patients suffering from genetic, metabolic, systemic, and life-threatening, acute disorders. The company also offers healthcare solutions to general public. The lead therapy of CUV is SCENESSE® (afamelanotide 16mg), a first-in-class photoprotective and repigmentation drug.

In the financial year 2023, the company witnessed growth in cash, revenue and profitability marking the seventh year of consecutive growth. During the reported period, the company maintained the commercial distribution of SCENESSE, advanced clinical campaigns and expanded its melanocortin drug portfolio.

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