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Tag: NASD:SNOA

  • Sonoma (SNOA) Boosts Market Presence With UK Regulatory Success

    Sonoma (SNOA) Boosts Market Presence With UK Regulatory Success

    Shares of Sonoma Pharmaceuticals, Inc. (NASDAQ: SNOA) experienced a sharp increase after a significant regulatory victory in the UK. SNOA stock was up 63.94% at $3.82 as of the most recent market check. Following the company’s news that its range of acne treatments based on hypochlorous acid had been successfully registered with the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA), investor confidence skyrocketed.

    Strategic Retail Launch in Europe

    In the UK, a large health and beauty store will sell the approved products—an acne toner and a balancing serum—under its own name. More than 1,200 retailers nationwide are now scheduled to carry these products. This action represents a significant turning point in Sonoma Pharmaceuticals’ larger European distribution plan and their first significant foray into the UK consumer skincare sector.

    Dermatological Care Innovation

    With its all-natural hypochlorous acid and Sonoma’s exclusive Microcyn® technology, the acne product range provides a mild yet efficient substitute for conventional treatments like benzoyl peroxide and alcohol-based formulations. The company’s dedication to using safe, non-toxic chemicals is in line with the growing demand from customers for skincare products that are safer.

    Broadening Regulatory Footprint in the UK

    This most recent milestone comes after Sonoma’s production facilities and five of its medical goods—including skin exfoliants, hydrogel for wound care, scar management products, and wound irrigation solutions—were previously registered by the MHRA. These approvals emphasize the efficacy and safety of SNOA’s formulations, supported by clinical evidence suggesting that hypochlorous acid may successfully manage small skin lesions and irritations without hurting healthy tissue.

    Positioned for European Growth

    Sonoma Pharmaceuticals is well-positioned to increase its presence in the UK and larger European markets thanks to these regulatory achievements. The company views the UK as an important market for its dermatological and wound care products. These latest registrations’ success demonstrates SNOA’s dedication to international healthcare innovation and its potential for significant regional market expansion.

  • Sonoma Pharmaceuticals (SNOA) Gains In Pre-Hour Trading

    Sonoma Pharmaceuticals (SNOA) Gains In Pre-Hour Trading

    Sonoma Pharmaceuticals, Inc. (NASDAQ: SNOA) shares were rising 11.90% to $3.95 as of this morning’s last pre-market check. SNOA has made a number of encouraging announcements in the last week, which have led to this notable increase in stock value.

    New MHRA Registrations Signal the UK Market’s Growth

    The Medicines & Healthcare medicines Regulatory Agency (MHRA) recently granted Sonoma Pharmaceuticals permission to register its production facility and five important medicines in the UK. The recently authorized goods include a skin exfoliator, wound hydrogel, a variety of scar management solutions, and a wound irrigation solution based on hypochlorous acid.

    With this registration, Sonoma will be able to reach a wider audience and increase its market share in the UK by introducing its cutting-edge Microcyn-based products. The business was excited about the prospects for expansion this clearance offers in the dermatology and wound care industries.

    Adopting EU Medical Device Regulations with Success

    Sonoma Pharmaceuticals has accomplished a significant regulatory milestone in Europe in addition to registering in the UK. Four of the company’s products were successfully converted to conform to the Medical Device Regulation (MDR) of the European Union. These consist of Pediacyn for atopic dermatitis, Microdacyn60 Wound Care, Microdacyn60 Hydrogel, and the scar gel Epicyn.

    Strict requirements for the performance and safety of medical devices are mandated by the MDR, which took the place of the old Medical Device Directive in 2017. A noteworthy accomplishment is Sonoma’s early adherence to these new rules, which guarantees that its goods will satisfy all safety and legal criteria before the December 2028 date.

    Evidence of Regulatory Readiness and Product Safety

    Sonoma’s dedication to product safety and regulatory vigilance is demonstrated by the successful registration and classification of its products as Class IIb medical devices in Europe. The company’s solid clinical data and capacity to adjust to changing international requirements are clearly demonstrated by the shift to MDR compliance.

  • Sonoma (SNOA) Stock Rallies After Reverse-Split Trading Begins

    Sonoma (SNOA) Stock Rallies After Reverse-Split Trading Begins

    The value Sonoma Pharmaceuticals, Inc. (NASDAQ: SNOA) shares are increasing significantly today, indicating that the market has responded favorably to the company’s switch to a reverse-split. SNOA stock surged 9.66% to $3.49 as of the most recent check.

    Specifics of the Reverse Stock Split

    Previously this week, Sonoma Pharmaceuticals announced that it will reverse its stock split one-for-20. The split was planned to take effect on August 29, 2024, at 5:00 PM EDT. The company’s shareholders approved the reverse split during the annual meetings on August 14–23, 2024, which led to this decision.

    The Board of Directors authorized the split and set the ratio on August 23, 2024. In order to preserve Sonoma’s listing status on the Nasdaq Capital Market, a calculated strategic maneuver was made with the reverse stock split. Sonoma hopes to increase investor interest, boost stakeholder confidence, and open up new business growth options by keeping its Nasdaq listing.

    Every twenty shares of Sonoma’s common stock will convert into one new share, without altering the par value per share. Consequently, the total number of shares will reduce from approximately 20 million to around one million.

    Operational Developments

    Operationally, Sonoma Pharmaceuticals has expanded the claims for its Nanocyn Disinfectant and Sanitizer after the Australian Therapeutic Goods Administration (TGA) granted an extension. Utilizing Sonoma’s proprietary Microcyn technology, Nanocyn is manufactured for MicroSafe and has received additional approvals for its ability to effectively combat Clostridium difficile (C. diff.) and Candida auris (C. auris) in less than ten minutes.

    Nanocyn has previously been approved by the Australian Register of Therapeutic Goods for use against a variety of germs, viruses, influenza A, and SARS-CoV-2. Nanocyn is already recognized by the Environmental Protection Agency (EPA) of the United States as a disinfectant that effectively fights diseases such as MRSA, Salmonella, mpox, SARS-CoV-2, and others.

    Strategic Impact

    By tackling a variety of dangerous pathogens, these additional TGA approvals strengthen Sonoma Pharmaceuticals’ leadership in broad-use disinfection technology and reaffirm its dedication to strict safety regulations.