SENETEK PLC ADR (fka SNTKY)

[pnnystk]

Senetek posts $1.9M profit for year
Monday April 9, 5:06 pm ET


Senetek PLC said Monday it made a profit of $1.9 million for 2006, compared with a loss of $1.5 million for 2005.
The Napa company (OTCBB: SNTKY - News) develops treatments for skin and for sexual dysfunction. It reported revenue of $8.4 million for the year, compared with revenue of $5.9 million in 2005.

Last week, Senetek licensed two of its products to Aliso Viejo-based Valeant Pharmaceuticals (NYSE: VRX - News) for $21 million in cash and forgiveness of $6 million in debt. That money will be spent in part on developing new skin products.