other material
confidence high
sentiment positive
materiality 0.65
Evolus signs exclusive deal with Symatese for four dermal fillers in Europe; issues 610,000 shares
Evolus, Inc.
- Exclusive rights to distribute Lift, Smooth, Sculpt, and Lips fillers under Estyme® brand in 50 European countries.
- Consideration includes 610,000 common shares to Symatese and up to €3.1M in milestone payments.
- European regulatory approvals expected H2 2024; commercialization targeted for 2025.
- No material impact on 2025 profitability target; company to pre-announce Q4/FY 2023 results and 2024 guidance in January.
- Evolus licenses Nuceiva® to Symatese for France; sub-licenses Estyme® distribution in France to Symatese subsidiary.