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Wellness and Beauty Solutions launches nailKALM anti-fungal product in Chemist Warehouse

The company expects the licenced brand will achieve sales with Chemist Warehouse of around $500,000.

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Wellness and Beauty Solutions has a suite of wellness, beauty and lifestyle brands

Wellness and Beauty Solutions Ltd (ASX:WNB) has launched its nailKALM Dermaceutical Lotion in Chemist Warehouse this month, after its wholly-owned subsidiary Giving Brands Company (GBCo) received its first order from the pharmacy group.

nailKALM is an anti-fungal product registered with the Therapeutics Goods Administration (TGA) as a listed medicine and contains AMYCOT, a proprietary active ingredient clinically proven to provide effective treatment for nails prone to fungal infections.

“An important product to bring to market”

WNB managing director & CEO Christine Parks said nail fungal infections affected one-in-ten adult Australians, according to the Australian Podiatry Association.

Parks added: “As a TGA-listed product with clinically-proven efficacy, we believe nailKALM is an important product to bring to market.

“We are delighted to extend our strong relationship with Chemist Warehouse and look forward to this product being sold across other major pharmacy groups in the near future.”

Unique scientific formulation

GBCo was granted a 5-year licence by Biovite Australia Pty Ltd in 2018 to manufacture, sell and distribute nailKALM in Australia and New Zealand.

Biovite is a biotech company focused on the discovery and development of AMYCOT, a unique scientific formulation derived from blue-green algae which is 100% organic and non-toxic.

Biovite managing director Danny Goldman said the research company and GBCo had worked closely to ensure nailKALM was distributed into the Australian marketplace, which contains about 1.7 million nail fungal suffers.

Goldman said: “Having the product available in Chemist Warehouse, Australia’s leading pharmacy group, will go a long way in achieving this goal.”

Quick facts: Wellness and Beauty Solutions Ltd

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ASX:WNB
Market: ASX
Market Cap: $5.17 m
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