Nuvothera

Bringing Innovation to Dermatology

About Nuvothera

Nuvothera is a proven and rapidly growing consumer healthcare company that sells unique, highly effective OTC products supplemented with natural botanical ingredients that produce prescription-like results for dermatology conditions. Having a track record of doubling annual sales from its internet-based business, Nuvothera has launched into the large retail drugstore channel through CVS and Walgreens (Rite Aid planned for spring of 2024).

Team

Problem statement

Psoriasis is a chronic inflammatory skin condition that's unsightly, embarrassing,
and difficult to treat. Patients are concerned about the efficacy and dangerous side effects of prescription drugs. Current OTC products lack innovation and consumer appeal because they're outdated, greasy, and smelly and are required to be applied many times a day.

Traction information

Doubling sales yearly on internet sales
Amazon sales up 183% YoY, 43% MoM
Achieved huge milestone of expanding distribution into Walgreens & CVS, Rite Aid for spring 2024
In first 2 months, outsold the top brand in category at Walgreens, growing 27% MoM

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

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Funding

Currently raising capital

$400,000
committed
$1,000,000
round goal
Total raised to date:$3,200,000
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