Israel-based biotech Sol-Gel Technologies (Nasdaq: SLGL) saw its share price rocket nearly 93% to $17.80 during Monday morning’s trading after the company presented positive data from two Phase III trials.
Sol-Gel announced top-line results from the two pivotal trials of Twyneo, an investigational, combination of microencapsulated tretinoin 0.1% and microencapsulated benzoyl peroxide 3% cream, which demonstrated statistically-significant improvement on all co-primary endpoints in the treatment of patients with acne vulgaris.
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