Wellness and Beauty Solutions signs distribution deal with Chemist Warehouse, posts quarterly focused on profit turnaround
Australian lifestyle company Wellness and Beauty Solutions (ASX: WNB) will launch its range of nailKALM anti-fungal products in Chemist Warehouse stores following the receipt of its first order from the pharmacy group.
The order was placed with Wellness and Beauty subsidiary The Giving Brands Company Pty Ltd (GBCo) and has a sales target through Chemist Warehouse stores of approximately $500,000 for the 2020 financial year.
Registered with the Therapeutics Goods Administration as a listed medicine, nailKALM is an anti-fungal dermaceutical lotion containing the proprietary active ingredient athrospira maxima (Amycot), which has been clinically proven to provide effective treatment for fungal nail infections.
Amycot is an organic, non-toxic and anti-inflammatory formulation derived from blue-green algae, which kills fungus and safely repairs the skin.
In 2018, GBCo was granted a five year licence by Biovite Australia Pty Ltd to manufacture, sell and distribute nailKALM in Australia and New Zealand.
According to the Australian Podiatry Association, nail fungal infections affect one in 10 adults and approximately 1.7 million Australians each year. More..
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