>

Nuvothera

Bringing Innovation to Dermatology
Dallas

About Nuvothera

Nuvothera is a rapidly growing consumer products company that develops and sells unique, highly effective OTC drugs that are boosted with natural anti-inflammatory ingredients and produce prescription-like results for dermatology conditions. Having a track record of doubling annual sales from its online channels, Nuvothera has expanded into the huge retail drugstore channel through CVS, Walgreens and soon Walmart and they are experiencing rapid growth. Nuvothera's new Prosoria Psoriasis Treatment System, quickly became the top selling product in the psoriasis category at Walgreens. The company will soon launch additional advanced and highly effective OTC products for the treatment of eczema, acne, rosacea, warts and nail fungus.

Team

Problem statement

Psoriasis is a chronic inflammatory skin condition that's unsightly, embarrassing,and difficult to treat. Patients are concerned about the inconsistent efficacy and dangerous side effects of prescription drugs. Current OTC products lack innovation and consumer appeal because they're outdated, greasy, and smelly and they are required to be applied many times a day. Our products are innovative and highly effective. They are next generation products that produce prescription-like results, are safer than Rx drugs and are modern formuations that posess pleasant cosmetic attrbutes and high customer appeal. Nuvothera will soon launch additional advanced and innovative OTC products for the treatment of eczema, acne, rosacea, warts and nail fungus.

Traction information

Doubled sales yearly on internet sales
Achieved huge milestone of expanding distribution into Walgreens, CVS, and soon Walmart
In first 2 months, became the top selling brand in category at Walgreens, growing 27% MoM
With the significant growth in distribution, sales growth will exceed 5X in 2025

Product images

Milestones

June 2023

Prosoria surpassed the top selling psoriasis brand at Walgreens

Prosoria in 2 months became the top selling brand in the psoriasis category at Walgreens. Sales driven by consumer demand and dermatologist patient recommendations.

April 2023

Secured distribution into Walgreens and CVS

Huge achievement. Product on the shelf at Walgreens and CVS, the largest drugstore chains in the US. Most important milestone since the launch of our company

Updates

Ritesh P has visited this profile using a private link.
Added about 1 year ago
Shuman Mitra has visited this profile using a private link.
Added about 1 year ago
Jake O'Shea has visited this profile using a private link.
Added about 1 year ago
Feng Chi Wang has visited this profile using a private link.
Added about 1 year ago
Feng Chi Wang has visited this profile using a private link.
Added about 1 year ago
Morgan Odell has visited this profile using a private link.
Added about 1 year ago
Morgan Odell has visited this profile using a private link.
Added about 1 year ago
Profile created.
Added about 1 year ago

Funding

Currently raising capital

$100,000
committed
$500,000
round goal
Total raised to date:$3,200,000
Pitch is a Capital Factory product. © Capital Factory 2024. Privacy policy.