Jupiter Wellness and Sanpellegrino Cosmetics Announce Launch of Cosmofix MinoxiBoost in India: Boosts Effectiveness of Minoxidil (Rogaine®) for Hair Growth
25 Julho 2023 - 10:08AM
Jupiter Wellness, Inc. (Nasdaq: JUPW), a diversified company that
supports health and wellness, today announced the launch of
Cosmofix MinoxiBoost in India in collaboration with its regional
distributors, Sanpellegrino Cosmetics Pvt Ltd and Cosmofix
Technovation Pvt Ltd, which have the exclusive distribution rights
to Jupiter Wellness’ patented hair growth technology in 31
countries in Asia and the Middle East including India, the
Philippines, Malaysia, Kuwait, Morocco, and Saudi Arabia.
In addition to upfront payments received upon
signing of the distribution agreement in June of 2022, Jupiter is
entitled to receive royalties on all sales of MinoxiBoost and
soon-to-launch MinoxiClean in India and the 30 other countries
included in the distribution agreement. The collaboration between
Jupiter Wellness, Sanpellegrino and Cosmofix Technovation showcases
a commitment to bringing innovative products to the Indian
market.
MinoxiBoost is a patented breakthrough hair
booster system that improves response to minoxidil for increased
hair growth. Used before a daily minoxidil routine, MinoxiBoost
helps to support healthy hair growth by enriching the hair and its
sulfotransferase enzymes to give hair the boost it needs. In a
2-week clinical study, published in the Journal of the European
Academy of Dermatology and Venerology, people with low hair
sulfotransferase enzyme levels experienced up to a 7-X boost in
this enzyme when using MinoxiBoost.
"We are proud to join forces with Sanpellegrino
Cosmetics and Cosmofix Technovation to launch MinoxiBoost in the
world’s second most populous country,” stated Jupiter Wellness CEO
Brian John. “We are pleased to bring Indian consumers an innovative
hair care solution that can significantly enhance their hair growth
journey and is set to revolutionize the hair care industry by
enhancing the effectiveness of minoxidil."
For more information on Cosmofix MinoxiBoost
please visit the company's website at www.cosmofix.in.
About Jupiter Wellness
Jupiter Wellness is a diversified company that
supports health and wellness by researching and developing
over-the-counter (OTC) products and intellectual property. The
Company's product pipeline addresses a range of conditions,
including hair loss, psoriasis, and vitiligo. Revenue is generated
through the sales of OTC and consumer products and licensing
royalties.
Interested investors and shareholders are
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Forward Looking Statements
This communication contains forward-looking
statements regarding Jupiter Wellness, including, the anticipated
timing of studies and the results and benefits thereof. You can
generally identify forward-looking statements by the use of
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“project,” “seek,” “should,” or “will,” or the negative thereof or
other variations thereon or comparable terminology. These
forward-looking statements are based on each of the Company’s
current plans, objectives, estimates, expectations, and intentions
and inherently involve significant risks and uncertainties, many of
which are beyond Jupiter Wellness’ control. Actual results and the
timing of events could differ materially from those anticipated in
such forward-looking statements as a result of these risks and
uncertainties and other risks and uncertainties affecting Jupiter
Wellness and, including those described from time to time under the
caption “Risk Factors” and elsewhere in Jupiter Wellness’
Securities and Exchange Commission (SEC) filings and reports,
including Jupiter Wellness’ Annual Report on Form 10-K for the year
ended December 31, 2023 and future filings and reports by Jupiter
Wellness. Moreover, other risks and uncertainties of which the
combined company is not currently aware may also affect each of the
companies’ forward-looking statements and may cause actual results
and the timing of events to differ materially from those
anticipated. Investors are cautioned that forward-looking
statements are not guarantees of future performance. The
forward-looking statements made in this communication are made only
as of the date hereof or as of the dates indicated in the
forward-looking statements and reflect the views stated therein
with respect to future events at such dates, even if they are
subsequently made available by Jupiter Wellness on its website or
otherwise. Jupiter Wellness undertakes no obligation to update or
supplement any forward-looking statements to reflect actual
results, new information, future events, changes in its
expectations or other circumstances that exist after the date as of
which the forward-looking statements were made.
Jupiter Wellness Media
Contact: Phone:
561-244-7100Email: info@JupiterWellness.com
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