Jupiter Wellness Announces First Patient Dosing for Double-Blinded Placebo Controlled Trial of JW-300 for the Treatment of First Degree Burns

Rhea-AI Summary

Jupiter Wellness (NASDAQ:JUPW) announced the enrollment of its first patient in a double-blinded, placebo-controlled trial for its cannabinoid receptor agonist aimed at treating first-degree burns. The study will involve 50 patients with superficial partial thickness burns covering 10% or less of their body. The primary endpoint is the time to full wound healing. Jupiter aims to expand its skincare product line, including CaniSun™ and Photocil™. The burn care market, valued at $2.1 billion in 2020, is projected to grow at a CAGR of 7% through 2028.

Positive

• First patient enrolled in a clinical trial for a cannabinoid treatment for burns.
• Study targets a significant market valued at $2.1 billion with growth potential.
• Completion of results expected by end of December, paving way for potential FDA registration.

Negative

• None.

JUPITER, FL / ACCESSWIRE / October 19, 2021 / Jupiter Wellness, Inc. (NASDAQ:JUPW), a clinical stage company developing a cannabinoid receptor agonist for the treatment of first degree burns, announced the enrollment and dosing of the first patient in the study.

The double-blinded placebo-controlled study will enroll 50 patients with newly diagnosed first degree burns of superficial partial thickness on 10% or less of the patient's total body surface area. The primary endpoint is time to full re-epithelialization of the wound. This is an investigational international study with a protocol similar to a US FDA Phase I study.

"Jupiter Wellness is committed to the treatment of skin diseases through the development and commercialization of our, patent pending, proprietary skincare products" stated Jupiter CEO Brian John. "The treatment of burns is an important indication that complements and extends our product lines including CaniSun™ and Photocil™. We look forward to announcing our results by the end of December and being able to register our second OTC product with the FDA and begin to help people with burns all over the world."

The burn care market was valued at $2.1 billion in 2020 and is expected to grow at a CAGR of 7% from 2021 to 2028 driven by rising incidence of burns, favorable reimbursement policies, and technological advancement.

About Jupiter Wellness
Jupiter Wellness, Inc. (NASDAQ:JUPW) is a leading developer of skincare therapeutics and treatments. The Company's product pipeline of enhanced skincare therapeutics focuses on the endocannabinoid system to address indications including psoriasis, eczema, burns, herpes cold sores, and skin cancer. Jupiter generates revenue from a growing line of proprietary over-the-counter skincare products including its CaniSun™ sunscreen and other wellness brands sold through www.cbdcaring.com.

For additional information, please visit www.jupiterwellness.com. The Company's public filings can be found at www.Sec.gov.

Safe Harbor Statement
To the extent any statements contained in this presentation of Jupiter Wellness, Inc. (the "Company") contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and the information that are based upon beliefs of, and information currently available to, the company's management as well as estimates and assumptions made by the company's management. These statements can be identified by the fact that they do not relate strictly to historic or current facts. When used in this presentation the words "estimate," "expect," intend," believe," plan," "anticipate," "projected" and other words or the negative of these terms and similar expressions as they relate to the company or the company's management identify forward-looking statements. Such statements reflect the current view of the company with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the company's industry, its operations and results of operations and any businesses that may be acquired by the company. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Investor & Public Relations Contact Info
Phone: 561-462-2700
Email: info@JupiterWellness.com

SOURCE: Jupiter Wellness, Inc.

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FAQ

What is the purpose of Jupiter Wellness's trial announced on October 19, 2021?

The trial aims to evaluate a cannabinoid receptor agonist for treating first-degree burns.

How many patients will be enrolled in the Jupiter Wellness burn treatment study?

The study will enroll 50 patients with newly diagnosed first-degree burns.

What is the expected market growth rate for burn care products?

The burn care market is expected to grow at a CAGR of 7% from 2021 to 2028.

When can we expect results from the Jupiter Wellness burn treatment trial?

Results are anticipated to be announced by the end of December 2021.

What is the stock symbol for Jupiter Wellness?

The stock symbol for Jupiter Wellness is JUPW.