TIDMTRX

RNS Number : 0223R

Tissue Regenix Group PLC

06 December 2016

Tissue Regenix Group plc

DermaPure secures GPO agreement with Premier, Inc.

Leeds, 06 December 2016 - Tissue Regenix Group (AIM:TRX) ("Tissue Regenix" or "The Group") the regenerative medical devices company today announces Tissue Regenix Wound Care, Inc. has secured a Group Purchasing Organisation (GPO) contract with Premier Inc., a leading healthcare improvement company.

DermaPure has been awarded this contract under a 'Breakthrough Technology Agreement', which is awarded by the GPO after a thorough four step review process is completed and it is determined that the technology offers unique attributes to the other available treatment options.

The Premier alliance is comprised of approximately 3,600 U.S. based hospitals and 120,000 other healthcare providers which will now have contracted access to DermaPure(R).

Antony Odell, CEO, Tissue Regenix Group plc commented: "Approval under Premier's Breakthrough Technology Agreement marks a significant milestone for DermaPure(R). This confirms the unique characteristics of our patented dCELL(R) Technology, the powerful clinical evidence we have collected, and the remarkable outcomes it achieves in real world clinical situations."

For more Information:

 
 Tissue Regenix Group plc                    Tel: 0330 
  Caitlin Pearson Corporate Communications    430 3073 
  Officer 
==========================================  =========== 
 Jefferies International Ltd                 Tel: 020 
  Simon Hardy / Harry Nicholas                7029 8000 
==========================================  ===========

About Tissue Regenix

Tissue Regenix is a leading medical devices company in the field of regenerative medicine. The company's patented decellularisation ('dCELL(R)') technology removes DNA and other cellular material from animal and human tissue leaving an acellular tissue scaffold which is not rejected by the patient's body which can then be used to repair diseased or worn out body parts. The potential applications of this process are diverse and address many critical clinical needs such as vascular disease, heart valve replacement and knee repair.

Tissue Regenix was formed in 2006 when it was spun-out from the University of Leeds. The company commercialises academic research conducted by our partners around the World.

In November 2012 Tissue Regenix Group plc set up a subsidiary company in the United States - 'Tissue Regenix Wound Care Inc.', as part of its commercialisation strategy for its dCELL(R) technology platform.

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTTABLTMBAMBLF

(END) Dow Jones Newswires

December 06, 2016 02:00 ET (07:00 GMT)

Tissue Regenix (LSE:TRX)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Tissue Regenix Charts.
Tissue Regenix (LSE:TRX)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Tissue Regenix Charts.