Stephen O’Hara, CEO of OptiBiotix, commented: “Martin brings a proven record across life sciences as a CEO and Chairman and we are delighted that he has joined SkinBiotix at this exciting stage of its development. OptiBiotix believes the scale of the opportunities offered by SkinBiotix’s intellectual property in the skin biotherapeutic space means that this can best be achieved by a separate leadership and listing. This will provide the domain specific expertise and resources to ensure the opportunities provided by this exciting technology can be fully realised.”
OptiBiotix Health plc (AIM:OPTI), has appointed Martin Hunt as Chairman and Director of its majority owned subsidiary SkinBiotix Limited.
SkinBiotix is dedicated to the development of skin biotherapeutics using natural components of the skin microbiome to manage and protect against skin health problems. SkinBiotix uses patented technology to address health issues in the Cosmetic Skin Care ($121bn); Acquired Skin Infections ($82bn); Dermatology ($10.2bn); and Wound Care ($18bn) markets.
Martin brings a wealth of experience and a track record of success in leadership and strategic roles within the life sciences sector, spanning large multi-nationals, AIM listed plc’s, early stage ventures and public sector roles. His experience at MDY Healthcare Limited, Videregen Limited, Oxford Medical Diagnostics Limited and his roles at the National Institute for Health Research give him that broad range of understanding of the wide ranging commercial and therapeutic area which SkinBiotix will be working in.
Martin’s appointment brings experience and dedicated leadership to SkinBiotix to help build a team to fully exploit opportunities in the skin microbiome space. This includes plans for Optibiotix to demerge its SkinBiotix division and seek an Initial Public Offering. This is in line with OptiBiotix’s strategy announced in July of this year. In that announcement OptiBiotix outlined its belief that the diversity of IP and commercial relationships across its four divisions offered shareholders multiple opportunities where future value to shareholders may be best realised by spinning out domain specific opportunities.
