Peplin completes Neosil buy

By Staff Writers
Monday, 20 October, 2008

Peplin has completed its US$6.7 million purchase of private dermatology company Neosil.

The Brisbane biotech issued shares iin common stock in exchange for all equity interests in Neosil, which is developing a topical hair growth product and a broad-spectrum topical anti-microbial agent for acne.

Peplin shareholders have also approved a private placement of stock to raise US$24 million to help fund its Phase III trial of PEP005, a topical gel for sun spots.

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