Sonoma Pharmaceuticals Engages Maxim Group LLC to Explore Strategic Opportunities for its U.S. Dermatology Division
January 23 2020 - 4:43PM
Sonoma Pharmaceuticals, Inc. (Nasdaq: SNOA), a specialty
pharmaceutical company dedicated to identifying, developing and
commercializing unique, differentiated therapies to millions of
patients living with chronic skin conditions, today announced that
it has commenced a process to explore and evaluate strategic
alternatives for its U.S. Dermatology Division and has engaged
Maxim Group LLC as its financial advisor to assist in this process.
The Company does not have a defined timeline for such a
transaction and cannot provide any assurance whether or when any
transaction will be announced or consummated.
Amy Trombly, CEO of Sonoma said, “We’ve developed a portfolio of
quality dermatology products that are highly valued by our
customers. We look forward to working with Maxim to develop a
strategy to maximize the value of this portfolio for our
shareholders.”
About Sonoma Pharmaceuticals, Inc.
Sonoma Pharmaceuticals is a specialty pharmaceutical company
dedicated to identifying, developing and commercializing unique,
differentiated therapies to millions of patients living with
chronic skin conditions. Sonoma offers early-intervention relief
with virtually no side-effects or contraindications. The company
believes its products, which are sold throughout the United States
and internationally, have improved patient outcomes for more than
six million patients by treating and reducing certain skin diseases
including acne, atopic dermatitis, scarring, infections, itch, pain
and harmful inflammatory responses. Sonoma’s vision is to be a
catalyst for improved care and increased access for all
patients.The company's headquarters are in Petaluma, California,
with manufacturing operations in the United States and Latin
America. European marketing and sales are headquartered in
Roermond, Netherlands. More information can be found at
www.sonomapharma.com.
About Maxim Group LLC
Maxim Group LLC is a leading full-service investment banking,
securities and wealth management firm headquartered in New York.
The Firm provides a full array of financial services including
investment banking; private wealth management; and global
institutional equity, fixed income and derivative sales &
trading, equity research and prime brokerage services to a diverse
range of corporate clients, institutional investors and high net
worth individuals. Maxim Group is a registered broker-dealer with
the U.S. Securities and Exchange Commission and the Municipal
Securities Rulemaking Board (MSRB), and is a member of the
following: Financial Industry Regulatory Authority (FINRA),
Securities Insurance Protection Corporation (SIPC), Nasdaq Stock
Market and NYSE Arca, Inc. To learn more about Maxim Group, visit
www.maximgrp.com.
Forward-Looking Statements
Except for historical information herein, matters set forth
in this press release are forward-looking within the meaning of the
“safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995, including statements about the commercial and
technology progress and future financial performance of Sonoma
Pharmaceuticals, Inc. and its subsidiaries (the “company”). These
forward-looking statements are identified by the use of words such
as “continue,” “reduce,” and “expand,” among others.
Forward-looking statements in this press release are subject to
certain risks and uncertainties inherent in the company’s business
that could cause actual results to vary,
including such risks that regulatory clinical and
guideline developments may change, scientific data may not be
sufficient to meet regulatory standards or receipt of required
regulatory clearances or approvals, clinical results may not
be replicated in actual patient settings, protection offered
by the company’s patents and patent applications may be
challenged, invalidated or circumvented by its
competitors, the available market
for the company’s products will not be as large as
expected, the company’s products will not be able to penetrate
one or more targeted markets, revenues will not be sufficient
to meet the company’s cash needs, fund further development and
clinical studies, as well as uncertainties relative to varying
product formulations and a multitude of diverse regulatory and
marketing requirements in different countries and municipalities,
and other risks detailed from time to time in the company’s filings
with the Securities and Exchange Commission. The company disclaims
any obligation to update these forward-looking statements, except
as required by law.
Sonoma Pharmaceuticals™ is a trademark or registered trademarks
of Sonoma Pharmaceuticals, Inc. All other trademarks and service
marks are the property of their respective owners.
Media and Investor Contact:
Sonoma Pharmaceuticals, Inc.
ir@sonomapharmaceuticals.com
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