Published:
Senetek Announces Plan for Promotion, Sales and Distribution of Pyratine-6(TM)
NAPA, Calif., July 1 /PRNewswire-FirstCall/ -- Senetek PLC
(OTC Bulletin Board: SNKTY), a Life Sciences company engaged in the
development of technologies that target the science of healthy aging, today
announced that effective with the termination of its marketing agreement with
Triax Aesthetics LLC for Pyratine-6(TM), all promotion, sales and distribution
of Pyratine-6(TM) would be controlled and managed directly by the Company.
Phil Rose, Senetek's Chief Operating Officer stated, "We are building an
infrastructure that has the expertise to establish Pyratine-6(TM) as the
leading anti-aging product in the physician channel. The clinical data
supporting Pyratine-6(TM) provides a clear and differential advantage over the
competition. We are moving forward quickly and strategically without any
looking back. We have the foundation and experience for success."
Bill O'Kelly, Senetek's Chief Financial Officer stated, "We are finalizing
the operating and financial plan associated with the Company's promotion,
sales and distribution of Pyratine-6(TM) and we will communicate appropriate
aspects of the plan to our shareholders when the process is completed."
About Senetek PLC
Senetek PLC (OTC Bulletin Board: SNKTY) is a Life Sciences company engaged
in the development of breakthrough technologies that target the science of
healthy aging. The Company's extensive research collaborations have resulted
in a strong pipeline of patented compounds and products with broad therapeutic
applications and a leading presence in dermatology. Senetek collaborates with
established specialty pharmaceutical companies in the final development and
marketing of its proprietary products, most recently resulting in the
development of the best-selling anti-aging product sold in the North American
physician market. For more information, visit the company's website at
http://www.senetekplc.com.
This news release contains statements that may be considered
'forward-looking statements' within the meaning of the Private Securities
Litigation Reform Act. Forward-looking statements by their nature involve
substantial uncertainty, and actual results may differ materially from those
that might be suggested by such statements. Important factors identified by
the Company that it believes could result in such material differences are
described in the Company's Annual Report on Form 10-K for the year 2007.
However, the Company necessarily can give no assurance that it has identified
or will identify all of the factors that may result in any particular
forward-looking statement materially differing from actual results, and the
Company assumes no obligation to correct or update any forward-looking
statements which may prove to be inaccurate, whether as a result of new
information, future events or otherwise.
SOURCE Senetek PLC
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