Just how the hell does it differ from TFC-1067?
January 4, 2022
TFC-1394
Individual countries have regulatory requirements which can differ from the rest of the world. The full library of compounds (which includes TFC-1067 as well as TFC-1394) will provide a path to navigate various regions and offer partnerships beyond just the initial compound.
In the event that the licensee of TFC-1067 wishes to also license the whole library, the value of the transaction will reflect this.
October 6, 2021
Asia
Our business strategy for Asia continues to evolve due to challenging regulatory requirements. We will still advance and offer a second compound, TFC-1394, from our patented library for countries that have differing needs. Having either a global or regional partner will be critical to navigate commercialization in China and other Asian countries. With advanced discussions ongoing for a global license, we will scale back pursuing regional opportunities.
June 30, 2021
Asia
We continue to implement our Asia strategy and are in discussions with a China-based company which has established cosmetic development excellence as discussed in our last news update. An evolving and varied regulatory landscape for new compounds throughout Asia has created challenges. Each country in Asia has enormous commercial potential and we do not want to miss any of these opportunities. As such, we are advancing another compound, TFC-1394, from our patented library of skin lighteners to the same level as TFC-1067. This will occur over the next 12-18 months and ensure that country regulatory testing, if required, can be performed by other companies. We will then be able to launch in every country where a market exists in this $20 Billion USD industry. Our scientists have outlined a development path based on the expertise we have developed which is both efficient and affordable. It will occur in parallel to commercialization of TFC-1067 and not delay current plans. The value of our portfolio, which includes TFC-1067 and TFC-1394, will grow as they advance towards becoming a new industry gold standard as both safe and effective compounds. Having a regional partner is an important component in successful achieving our goals in a timely manner.
Tinyi Trading Company remains on board to be a distribution partner, however, with current discussions ongoing, we wait to see if the new partner in China seeks exclusive distribution. Ultimately, we will decide in the best interests of our company and shareholders.