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Jupiter Wellness Inc (NASDAQ: JUPW) Is Set To Offer Clinical Research Services, With the 3 million dollar acquisition of Acquired Ascent Clinical Research

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Jupiter Wellness Inc (NASDAQ: JUPW) Is Set To Offer Clinical Research Services, With the 3 million dollar acquisition of Acquired Ascent Clinical Research

April 29
01:41 2022
Jupiter Wellness JUPW to Offer Clinical Research Services with Acquisition of Ascent Clinical Research: $3 Million Annual Revenue & EBITDA Contribution to Jupiter

In a bid to expand Jupiter Wellness’s research capabilities and enter the lucrative CRO business, Jupiter wellness acquired the assets of ascent clinical research (news source).

– Developer of Treatments for Multiple Skin Care Applications. 

– New e-Commerce & Marketing Team with Experienced Industry Veterans.

– Exclusive Worldwide Rights to Patented Shark Repellent Technologies.

– Novel Treatment Significantly Reduces ISGA Score in Atopic Dermatitis.

– Exclusive Worldwide Rights for Unique Formulas Addressing Jellyfish and Man O’ War Stings, Sea Lice, and Swimmer’s Itch with 4 Patents-Pending.

– Double-Blind Placebo-Controlled Clinical Trial of JW-200 for the Treatment of Actinic Keratosis.

– Merger Partner Next Frontier’s Executive Chairman Interviewed with Benzinga.

– JUPW Board Approval of $5.0 Million Share Buyback Program.

– JUPW Appoints E-Commerce & Marketing Team to Drive Sales of its Growing Portfolio of Proprietary Health and Wellness Brands

NASDAQ: JUPW today announced it has concluded an Asset Purchase Agreement with Ascent Clinical Research, Inc. through which it has acquired certain clinical assets including clinical trial research contracts worth $3 million in annual revenues for a purchase price of 5% royalties on future net revenues generated by the assets. 

“This strategic asset purchase agreement adds immediate revenues to Jupiter in Q2 2022 and contributes positively towards EBITDA with no upfront cash or stock acquisition cost to our company. The acquired contracts and related assets enhance Jupiter’s position as a research and development powerhouse while allowing us to enter the lucrative clinical research organization business ,” stated Jupiter CEO Brian John.

About JUPW:

Jupiter Wellness, Inc. (NASDAQ: JUPW) is a leading developer of medical therapeutics and wellness products. The JUPW clinical pipeline of skin care therapeutics address indications including eczema, burns, herpes cold sores, and skin cancer. JUPW generates revenues from a growing line of proprietary over-the-counter skincare products including its flagship CaniSun™ sunscreen and other wellness brands sold through its robust distribution platform.

-JUPW Appoints E-Commerce & Marketing Team to Drive Sales of its Growing Portfolio of Proprietary Health and Wellness Brands 

On April 18th JUPW announced that it has appointed three sales and marketing executives to its team to drive sales of its science-backed proprietary brands and products.

Over the past two years, JUPW has built a portfolio of award-winning wellness brands including CaniSun, Jack, Wellness 1937, Black Belt, and Felix Ambrosia, as well prescription therapeutics such as Photosil that have been featured in numerous media outlets including the Today Show, CNN, ABC, CBS, Animal Planet, AdWeek, Bloomberg, The Washington Post, Vogue, BuzzFeed, and Forbes. As JUPW continues to expand its clinically tested, science-backed wellness, over-the-counter, and prescription pharmaceutical product pipeline, the new sales and marketing team is set to drive revenues from current and new products.

Mohammed Ahmed is an experienced marketing professional specializing in market research, consumer behavior, social media marketing, and demand generation.

Jennifer Canon is a research, development, and marketing specialist in the personal care, over-the-counter, prescription pharmaceuticals, and topical care products industries at companies including Hydron Technologies and Greyson International which she co-founded.

Guy Shapira is a seasoned digital marketer of nutraceuticals, health, and beauty products and services.

– JUPW to Launch CaniSun for Shark Defense Sunscreen with Patented Shark Repellents 

Exclusive Worldwide Rights to Patented Shark Repellent Technologies for the Sun and Skin Market Licensed from Shark Defense Technologies.

View Discovery Channel Videos on the Shark Repellent Technology Here: https://youtu.be/PM0YTlbx1qg

On April 7th JUPW announced the upcoming launch of CaniSun for Shark Defense™, the latest addition to the Company’s reef-friendly sunscreen line. Through a licensing agreement with Shark Defense Technologies LLC, the leading researcher of chemical, electrochemical, and magnetic shark repellents, JUPW has the exclusive worldwide rights to patents, formulas, and production methods for shark repellent technologies for use in sun and skincare products.

– Novel Treatment (JW-100) Significantly Reduces ISGA Score in Atopic Dermatitis: Results from a Randomized Double-Blinded Placebo-Controlled Interventional Study

On April 6th JUPW announced the publication of clinical study results to investigate the safety and efficacy of JW-100, its proprietary lotion formulation for the treatment of atopic dermatitis (eczema) in the Journal of Cosmetic Dermatology, Vol. 21, Issue 4, April 2022, pp: 1647-1650.

– JUPW Launches NoStingz Jellyfish Protective Sunscreen Backed by Patent-Pending Formula in $13 B Sunscreen Market

Exclusive worldwide rights for unique formulas addressing jellyfish and man o’ war stings, sea lice, and swimmer’s itch with 4 patents-pending.

On April 5th JUPW announced the launch of NoStingz, a proprietary line of sunscreen designed to protect against jellyfish and man o’ war stings, sea lice, and swimmer’s itch all while continuing to protect ocean lovers’ skin from UVA/UVB in a range of SPFs. JUPW has signed a license agreement with Shark Defense Technologies for the exclusive worldwide intellectual property rights to formulas and production methods for jellyfish protective compounds including 4 patents pending. The agreement includes future collaboration to develop and refine additional formulas.

For more on The JUPW NoStingz product or to purchase visit: https://canisun.com/shop/nostingz-your-barrier-of-protection-from-sun-sea/

– JUPW Completes Enrollment in Double-Blind Placebo-Controlled Clinical Trial of JW-200 for the Treatment of Actinic Keratosis

On February 18th JUPW announced it has completed recruitment in its clinical trial of JW-200 for the treatment of actinic keratosis (AK), a common form of pre-cancerous growths that typically present as thick scaly lesions on sun exposed skin. If left untreated, up to 15.1% of patients with 10 or more AK lesions will develop keratinocyte carcinoma.

– JUPW Board Approval of $5.0 Million Share Buyback Program 

On January 25th JUPW announced it its board of directors approved a $5.0 million share buyback program which expires on June 30, 2022. Under the Share Buyback Program, shares of JUPW common stock may be repurchased periodically in open market or privately negotiated transactions.

For additional information on Jupiter Wellness, Inc. (JUPW) visit www.jupiterwellnessinc.com.

DISCLAIMER 1: This article is purely for informational purposes and is not a recommendation in any way for buying or selling stocks.

DISCLAIMER 2: The products mentioned are THC-free and/or compliant with the 2018 Farm Bill. 

Media Contact
Company Name: Jupiter Wellness, Inc.
Contact Person: Brian John, CEO
Email: Send Email
Phone: (561)244-7100
Country: United States
Website: www.jupiterwellnessinc.com

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