1) Existing scale – Global Market $70bn sales – High Growth & High Margin.
2) Huge untapped potential – Consumer Penetration still Low @ 5-10%
3) Heightened consumer focus on Wellness, Beauty, and Healthy Ageing.
4) New Technologies make procedures more appealing.
· First to market, naturally cross-linked, non-toxic modified hyaluronic acid (HA) filler technology.
· 2 Lead Formulations – midface and lips. Additional formulations planned for organic growth.
· Breakthrough technology – BDDE-free HA filler (world first).
· Enhanced efficacy, greater durability due to a higher lifting capacity with a low extrusion force. Expected to be longest lasting filler in US market.
Chairman Humberto Antunes – ex Global CEO Galderma (Nestlé Skin Health).
CEO Miles Harrison – ex North America CEO Galderma (Nestlé Skin Health).
– 30+ years in life sciences spanning aesthetics, consumer and prescription.
– Took share and scaled aesthetics to $820M (tripled in 5 years) and consumer to $515M (doubled in 5 years), taking the US to 51% of Galderma’s world-wide sales.
Target US launch 2026, US Forecast annual sales Yr 5 = $560m.
High Margin Delivery (GM @ 90% guaranteed under terms of JV, EBITDA @ 37%).
High valuation multiples (4.4x – 21.0x sales) for recently launched products, reflect market confidence in segment viability and future growth.
Based on peer group analysis and unique offering, potential valuation in year 5 of $1.5bn.
Upside drivers – Disruptive technologies, M&A, expansion into other geographies, acquisition of novel technology for expansion into other product segments.
Required fund raise of $26.4m to support the clinical development for regulatory approval.
For further information please contact:
Jeremy Kelly or Jason Kalik on investors@seismic.vc
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