Jupiter Wellness And Sanpellegrino Cosmetics Announce Launch Of Cosmofix MinoxiBoost In India: Boosts Effectiveness Of Minoxidil for Hair Growth
Portfolio Pulse from Happy Mohamed
Jupiter Wellness, Inc. (NASDAQ:JUPW) and Sanpellegrino Cosmetics have announced the launch of Cosmofix MinoxiBoost in India. The product, designed to boost the effectiveness of minoxidil for hair growth, will be distributed by Sanpellegrino Cosmetics and Cosmofix Technovation Pvt Ltd. Jupiter Wellness will receive royalties on all sales of MinoxiBoost in India and 30 other countries included in the distribution agreement.
July 25, 2023 | 12:35 pm
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POSITIVE IMPACT
The launch of Cosmofix MinoxiBoost in India and the distribution agreement with Sanpellegrino Cosmetics and Cosmofix Technovation could potentially increase Jupiter Wellness's revenues through royalties.
The launch of a new product in a large market like India, coupled with a distribution agreement that includes royalties, could potentially increase Jupiter Wellness's revenues. This could have a positive impact on the company's stock price in the short term.
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IMPORTANCE 75
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