JUPW - Jupiter rises 8% on distribution agreement with India for hair and skin products

Jupiter Wellness (NASDAQ:JUPW) is trading 8% higher premarket after the company said it had signed an agreement with India-based companies Cosmofix Technology and Sanpellegrino Cosmetics to manufacture, distribution and sell three products for hair growth, styling and eczema. The company said it had received an upfront payment and was entitled to royalties of between 10-12% on revenues and annual minimum royalty payments for the duration of the agreement in 31 countries in Asia and the Middle East including India, the Philippines, Malaysia, Kuwait, Morocco, and Saudi Arabia. The three products are - minoxidil (Rogaine) products Minoxidil Booster for hair growth and MinoxiClean to Improve Styling, and Photocil, a patented topical cream to provide relief from psoriasis, vitiligo, and eczema.

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Jupiter rises 8% on distribution agreement with India for hair and skin products