Hydromer Enters Into an Exclusive License Agreement With Ortopro AS for Implantable Orthopedic Devices
March 07 2013 - 9:47AM
Marketwired
Hydromer, Inc. (OTC Pink: HYDI) announced that it entered into a
royalty bearing Exclusive License Agreement with Ortopro AS
(Ortopro) of Turkey.
Under the terms of this agreement, OrtoPro is licensed to use
proprietary Hydromer® biofilm resistant coatings on various
implantable orthopedic devices, such as bone screws. Test data has
indicated that the licensed Hydromer coating formulation aids in
reducing the infection risk of such implants. Ortopro has agreed to
conduct additional biological and biocompatibility studies
hopefully leading to regulatory approval in the Exclusive Territory
of Turkey.
"We are tremendously proud and honored with our new
relationship, which will help propel Hydromer's entry into the
lucrative orthopedic implant market," commented Martin von Dyck,
Executive Vice President of Hydromer, Inc., adding, "Hydromer and
Ortopro have been working closely together in addressing the vexing
problem of infections associated with orthopedic implants which are
very difficult to resolve using conventional intravenous antibiotic
therapy. In fact, often an infected implant must be removed or
treated via another surgical procedure. It is our belief that the
new Hydromer formula will mitigate this infection risk."
About Hydromer, Inc.: Hydromer, Inc. is a bio-technology-based
company involved in the research and development, manufacture,
contract coating and commercialization of specialized polymer and
hydrogel products for medical device, animal health, cosmetic,
personal care, and industrial uses. These technologies include
Hydromer lubricious / anti-microbial / anti-thrombogenic / cell
anti-mitosis / cell growth enhancing coatings for the medical
marketplace.
For additional information please visit the following Web-site:
www.hydromer.com
Hydromer® is a registered trademark of Hydromer, Inc.
Contact: Martin von Dyck Executive Vice President 35
Industrial Parkway Branchburg, NJ. USA Phone 908 722 5000
www.hydromer.com
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