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Biotech Stocks Facing FDA Decision In August 2020

Cassiopea
Cassiopea

Cassiopea SpA’s (SKIN.SW) Winlevi, proposed for the treatment of acne, awaits the FDA decision on August 27, 2020.

Winlevi (clascoterone cream 1%) is designed to work by targeting androgen receptors at the site of application, inhibiting the local (skin) effects of dihydrotestosterone (DHT), a key driver of acne lesion development.

If approved, Winlevi will be the first new mechanism of action in the treatment of acne in nearly 40 years, offering dermatologists and patients a new and effective therapeutic alternative, according to the company.

SKIN.SW closed Friday’s (Jul.24, 2020) trading at 39.50 CHF, down 0.25%.