Carmell Shares Up 8.6% Ahead of Commercial Launch For Skincare Product

Dow Jones02-27

By Sabela Ojea

Shares of Carmell climbed on Monday after the company said it completed the product development of its gold limited edition exclusive skincare product for commercial launch.

The shares rose 8.6% to $2.22 at 11:30 a.m. ET. The stock has, however, dropped 42% since the year started.

The bio-aesthetics company said the skincare product is expected to be launched in March.

Carmell's skincare portfolio includes 10 products. The company is developing a men's skincare line and a topical haircare line of products.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

February 26, 2024 11:50 ET (16:50 GMT)

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