This is huge. I'm surprised it's not getting more air time.
Throughout the sunscreen discussions, the FDA have been firm on the need to have chemical based sunscreens go through clinical trials once more. Then when you read the below, you realize why:
I hate being the bearer of bad news, but most of the above ingredients will require a miracle to pass the current MUsT test and be reapproved as Category I ingredient
Even if some of these chemicals still end up as GRASE, the negative press they're getting just means the 84% market share they currently enjoy will wither away.
Further, if the UVA blocking chemicals are no longer GRASE, then every sunscreen must contain a physical component. That alone would cause Titanium Dioxide and Zinc Oxide shortages - even more so than we're seeing.
As I'm constantly told by our resident expert, the real game is stealing market share from the chemical space, not fighting over the current market share Zinc Oxide enjoys. This capital raise should enable ANO to do just that.
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This is huge. I'm surprised it's not getting more air...
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