SkinBio buys Dermatonics and close to another acquisition

25 January 2024

UK-based dermatology company SkinBioTherapeutics (AIM: SBTX) is to acquire the issued share capital of Dermatonics, a specialist in innovative topical and dermatological products in the skincare and woundcare space.

The initial sum is £1.68 million ($2.14 million) plus £1.25 million earn-out over three years, in a cash-free and debt-free acquisition.

SkinBio’s shares dropped 11.8% to 13.02 pence following the announcement.

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