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Obagi Medical and Moxie Announce Collaboration in the ALOHA Program to Drive Real-World Evidence for Obagi® saypha® MagIQ™

(Moderate)
(Positive)
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Obagi Medical (NASDAQ: WALD) announced a strategic collaboration with Moxie to run the Aesthetics Leadership with Obagi’s Hyaluronic Acid (ALOHA) Program, a real-world evidence initiative evaluating saypha MagIQ across Moxie-supported aesthetic practices. Standardized data collection and early results will be shared at industry events.

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Positive

  • Strategic collaboration to run ALOHA real-world evidence program across Moxie-supported practices
  • Standardized data collection with initial findings scheduled for presentation at industry conferences

Negative

  • None.

News Market Reaction – WALD

-4.92%
2 alerts
-4.92% Session close to close
+13.9% Peak Tracked
$230.47M Market Cap
1.1x Rel. Volume

In the Feb 5 session, WALD declined 4.92%, reflecting a moderate negative market reaction. Argus tracked a peak move of +13.9% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement expands Obagi Medical’s ALOHA real‑world evidence program by adding Moxie’s softwa...
Analysis

This announcement expands Obagi Medical’s ALOHA real‑world evidence program by adding Moxie’s software-enabled med spa network to evaluate Obagi® saypha® MagIQ™. It reinforces Waldencast’s strategy of generating standardized clinical and patient-experience data to support the filler’s positioning. In context of prior ALOHA collaborations and product launches, investors may focus on forthcoming conference readouts, integration across partner networks, and how the Novaestiq earn-out structure tied to MagIQ performance influences long-term incentives.

Key Figures

Shares registered for resale: 9,819,000 shares Earn-out shares on FDA approval: 3,273,000 shares Milestone-based shares: 6,546,000 shares +5 more
8 metrics
Shares registered for resale 9,819,000 shares Contingent consideration from Novaestiq acquisition under 424B3 prospectus
Earn-out shares on FDA approval 3,273,000 shares Already earned upon FDA approval of Obagi saypha MagIQ gel
Milestone-based shares 6,546,000 shares Additional shares tied to future sales milestones
Cash component $3.0 million Cash consideration in Novaestiq acquisition deal
Revenue share 5.0% of net sales Share of Phase 1 product net sales above $120.0 million
Sales threshold $120.0 million Net sales threshold for Phase 1 revenue share under Novaestiq deal
AGM attendance 92,255,519 shares; 72.05% Ordinary shares represented at January 14, 2026 annual general meeting
Obagi experience 35+ years Obagi Medical legacy in advanced skincare

Historical Context

5 past events · Latest: Feb 03 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Feb 03 Product launch Positive +5.3% Launch of two-step Obagi Lip Therapy protocol with pricing and availability details.
Jan 30 ALOHA collaboration Positive +13.5% Collaboration with VIO Med Spa as ALOHA partner to collect real-world evidence.
Jan 28 ALOHA collaboration Positive -5.7% Next Health partnership for ALOHA to gather standardized clinical and experience data.
Jan 27 ALOHA launch partner Positive -4.6% Alpha Aesthetic Partners named ALOHA launch partner for multi-site MagIQ evaluation.
Jan 26 ALOHA launch Positive +0.6% Platinum Dermatology Partners initial ALOHA launch with multi-practice data capture.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent Obagi product and ALOHA collaboration news is generally upbeat, but price reactions have been split between gains and pullbacks, suggesting inconsistent market confidence around these launches.

Recent Company History

Over the past weeks, Waldencast has focused news flow on Obagi Medical product launches and the ALOHA real‑world evidence program for Obagi® saypha® MagIQ™. Partnerships with Platinum Dermatology Partners, Alpha Aesthetic Partners, Next Health, and VIO Med Spa all center on multi-site evaluations and standardized data capture, with findings slated for industry conferences. A separate Lip Therapy protocol launch expanded the skincare portfolio. Price reactions ranged from declines near -5% to gains above 13%, showing varied market responses to similar strategic themes.

Key Terms

hyaluronic acid, injectable, contingent consideration, prospectus, +1 more
5 terms
hyaluronic acid medical
"Aesthetics Leadership with Obagi’s Hyaluronic Acid (ALOHA) Program."
A naturally occurring molecule that acts like a tiny sponge, holding water in skin, joints and eyes to keep tissues plump and lubricated. Investors track products containing hyaluronic acid because they power large markets—such as skincare, injectable fillers, eye drops and wound treatments—so demand, regulatory approvals, manufacturing capacity and raw-material costs can meaningfully affect a company’s sales and profit outlook.
injectable medical
"this new injectable in technology-enabled med spa environments."
A product described as an "injectable" is a medicine or vaccine formulated to be given by needle, syringe, or infusion rather than taken by mouth. For investors it matters because injectables often require specialized manufacturing, cold storage and trained staff to administer, which can raise costs, create supply-chain risks and form higher barriers to competitors—factors that influence a product’s price, market reach and long-term revenue potential.
contingent consideration financial
"These shares are contingent consideration from the Novaestiq acquisition"
Contingent consideration is an additional payment agreed when one company buys another that will be paid later only if specific future targets are met, such as revenue, profit, or regulatory milestones. It matters to investors because it shifts risk between buyer and seller and affects the acquiring company's future cash flow and reported value — like promising a bonus after results are proven.
prospectus regulatory
"may sell their shares over time under this shelf prospectus"
A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.
credit agreement financial
"including a Credit Agreement dated November 14, 2025 involving Milk Makeup LLC"
A credit agreement is a written loan contract between a borrower and a bank or other lender that lays out how much money can be borrowed, the interest rate, repayment schedule, fees, and the rules the borrower must follow. For investors, it matters because those terms affect a company’s cash costs, borrowing flexibility and risk of default — similar to how a mortgage’s rules determine a homeowner’s monthly budget and freedom to make changes.
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AI-generated analysis. How Rhea-AI works. Not financial advice.

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Moxie selected as a leading aesthetic practice software and support partner for its commitment to innovation, compliance, and empowering aesthetic entrepreneurs

NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Obagi Medical, a leading innovator in physician-dispensed skincare and aesthetic solutions and part of Waldencast plc (NASDAQ: WALD) (“Waldencast” or the “Company”), today announced Moxie as a strategic partner in the Aesthetics Leadership with Obagi’s Hyaluronic Acid (ALOHA) Program. Moxie was selected for its expertise in providing all-in-one software, marketing, coaching, and compliance solutions that help med spa entrepreneurs launch, scale, and optimize their practices with predictable growth, profitability, and a foundation of clinical and operational excellence.

Through this real-world evaluation collaboration, Moxie will facilitate a structured assessment of Obagi® saypha® MagIQ™ across its network of supported aesthetic practices. The program will leverage Moxie’s strengths in data-driven insights, operational tools, and expert coaching to generate meaningful real-world evidence on the filler’s integration into scalable aesthetic workflows.

“At Moxie, we’re dedicated to empowering aesthetic practice entrepreneurs with the tools, support, and strategies needed to build thriving, compliant practices,” said Kamau Massey, CEO of Moxie. “Obagi’s ALOHA Program resonates with our focus on innovation and real-world results, allowing us to help our partners incorporate advanced injectables like saypha® MagIQ™ alongside comprehensive skincare protocols to enhance patient outcomes and business success.”

The ALOHA Program evaluates both clinical performance and patient experience while equipping providers with integrated Obagi protocols to drive satisfaction, loyalty, and consistent results. Standardized data will be collected across participating Moxie-supported practices, with initial findings to be shared at upcoming Moxie events and presented at key industry conferences to demonstrate the impact of this new injectable in technology-enabled med spa environments.

“The Moxie opportunity is unique and highlights Obagi’s Aesthetics for All™ ethos with a focus on supporting practices of all sizes and shapes," said Drew Fine, U.S. General Manager, Professional Channel. “The ALOHA partnership with Moxie combines cutting-edge software and coaching with our skincare and injectables expertise in addition to targeted marketing efforts to empower practices and elevate patient care in a rapidly evolving market.”

Obagi® saypha® MagIQ™, developed by Croma-Pharma GmbH, utilizes proprietary MACRO Core Technology to create a stable three-dimensional hyaluronic acid matrix. The technology is designed to deliver natural-looking results with category-leading performance, including high usable HA content upon injection, consistent gel distribution, and a predictable injection force and swelling profile¹.

For more information about ALOHA, visit https://obagi-professional.com

About Obagi Medical
Obagi Medical is an industry-leading, advanced skincare line rooted in research and skin biology, with a legacy of 35+ years of experience. Initially known for its leadership in the treatment of hyperpigmentation with the Obagi Nu-Derm® System, Obagi Medical products are designed to address a variety of skin concerns, including premature aging, photodamage, skin discoloration, acne, and sun damage. As the fastest-growing professional skincare brand in the U.S. in 2024,² Obagi Medical empowers individuals to achieve healthy, beautiful skin. More information about Obagi Medical is available on the brand's website, https://www.obagi.com.

About Moxie
Moxie is the clinical-grade operating system built exclusively for aesthetic medicine, helping ambitious practice owners scale without compromise. From charting and compliance to marketing, finance, and coaching, Moxie brings every operational need under one roof—so practices can grow safely, sustainably, and with integrity. Learn more at joinmoxie.com

About Waldencast plc
Founded by Michel Brousset and Hind Sebti, Waldencast’s ambition is to build a global best-in-class beauty and wellness operating platform by developing, acquiring, accelerating, and scaling conscious, high-growth purpose-driven brands. Waldencast’s vision is fundamentally underpinned by its brand-led business model that ensures proximity to its customers, business agility, and market responsiveness, while maintaining each brand’s distinct DNA. For more information please visit: https://ir.waldencast.com.

Media Contact:
obagi@behrmancesa.com

Source: Waldencast plc

¹ Puljic A, Frank K, Cohen J, Otto K, Mayr J, Hugh-Bloch A, Kuroki-Hasenöhrl, D. A Scientific Framework for Comparing Hyaluronic Acid Filler Crosslinking Technologies. Gels. 2025; 11(7):487
² Among the Top 10 Professional Skin Care Brands in the U.S., According to Kline’s 2024 Global Professional Skin Care Series (China, Europe and the U.S.)


FAQ

What is Obagi Medical announcing with Moxie in the ALOHA Program (WALD)?

Obagi Medical announced a strategic collaboration with Moxie to evaluate saypha MagIQ in real-world practice settings. According to the company, the ALOHA Program will collect standardized clinical and patient-experience data across Moxie-supported practices for early findings and conference presentations.

How will the ALOHA Program evaluate saypha MagIQ across Moxie practices (WALD)?

The program will use standardized data collection and operational tools to assess clinical performance and patient experience. According to the company, Moxie will leverage software, coaching, and compliance workflows to generate real-world evidence on product integration and outcomes.

When and where will results from Obagi and Moxie’s ALOHA Program (WALD) be shared?

Initial findings will be shared at upcoming Moxie events and industry conferences to demonstrate real-world impact. According to the company, early results are planned for presentation at key industry meetings following initial data collection.

What is saypha MagIQ and why is it part of Obagi’s ALOHA Program (WALD)?

saypha MagIQ is a hyaluronic acid filler using MACRO Core Technology designed for predictable injection and consistent gel distribution. According to the company, the ALOHA Program will evaluate its clinical performance and patient experience in technology-enabled med spa workflows.

How does Moxie contribute to the ALOHA Program with Obagi Medical (WALD)?

Moxie will provide software, marketing, coaching, and compliance support across its network to facilitate structured evaluation. According to the company, Moxie’s data-driven tools and operational coaching will enable standardized evidence collection and practice-scale integration.