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Sol-Gel raises $33.1M, extends patent for SGT-610 to 2044, and advances Phase 3 trial for Gorlin syndrome

Company Fundamentals
28 May 2026
GlobeNewsWire
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Bullish
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Sol-Gel Technologies raised $33.1 million in an oversubscribed offering and received a patent extension for its topical drug SGT-610 until 2044. The company is progressing its Phase 3 clinical trial for SGT-610 targeting Gorlin syndrome, with top-line results expected in Q4 2026. Additionally, Sol-Gel signed an exclusive license deal with Sun Pharma for TWYNEO® commercialization in India, expanding its global reach. Financially, the company reported a net loss of $3.7 million for Q1 2026 but has sufficient cash to fund operations into early 2028.

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