Exhibit 99.1
Sienna Biopharmaceuticals’ Novel Silver Photoparticle TechnologySNA-001 Successfully Removes
Light Hair When Used with Common Laser System
—SNA-001 addresses a large unmet need in laser hair removal by treating light hair using a topical solution of silver photoparticles, an ultra-efficient light absorber —
— If cleared,SNA-001 has potential to expand the $3 billion U.S. laser hair removal market as an effective option for light-haired consumers —
— Sienna to seek strategic partner forSNA-001, and will continue to focus on Phase 3 development ofSNA-120 for Psoriasis and Pruritus and its Topical by Design™ Platform —
WESTLAKE VILLAGE, Calif., Feb. 8, 2019 –Sienna Biopharmaceuticals, Inc. (NASDAQ:SNNA), a clinical-stage biotechnology company, today announced positive topline results from its pivotal trial ofSNA-001 in conjunction with an 810 nm Diode laser, involving 65 patients.SNA-001, a topicalpre-treatment to standard laser hair removal, was studied in women and men with white, gray, blonde, light red and light brown hair. The data showedSNA-001 met the primary endpoint ofnon-inferiority in hair reduction(-17.5 percent withSNA-001+Laser compared to-1.1 percent with vehicle+Laser following six treatment sessions). In additional analyses,SNA-001 was statistically superior compared to vehicle+Laser, demonstrating up to a 31 percent reduction of light hair from baseline1.
“SNA-001 represents an exciting growth opportunity for the aesthetics market, and a potential solution for consumers with light hair who are well aware of the ineffectiveness of laser hair removal,” said Frederick C. Beddingfield III, M.D., Ph.D., President and Chief Executive Officer of Sienna Biopharmaceuticals. “We are pleased with these results and will seek a strategic partner who can rapidly maximize the value ofSNA-001. This will allow us to remain focused on our Phase 3 development ofSNA-120, our TrkA2 inhibitor for psoriasis and pruritus, and to unlock the full potential of our Topical by Design™ platform, from which we are creating a pipeline of drug candidates that target select pathways in specific tissues to treat a variety of chronic inflammatory and immunologic conditions.”
Available for nearly 25 years, laser hair removal is one of the most commonly performed aesthetic procedures in the world. With more than 12 million procedures performed annually in the United States3, countless