the most important thing I can see is the growth of the market.
according to google search the estimated market size for hyperhidrosis treatment in 2025 will reach around $700 million.
as a LTH, I am hoping for 20 to 30 % market share as a minimum. Thats when the SP will really take off. I can’t see that happening for a couple of years but in the mean time, if we can get to 5% this year it would be a great start. That would equate to $35 million in sales and put us on the map as a drug of choice for those who have tried other treatments.
growing the market is the best hope for Botanix, that is, getting those who do not take on any type of treatment to seek treatment via our telehealth service.
all treatments are expensive and $700 million market size tells me not that many people are seeking treatment.
I will continue to hold pending sales announcements. I believe we will get there in the long run but we will need other products to be added to our platform to become a big pharma player.
BOT Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
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