
BRANCHBURG, NJ -- (Marketwire) -- 03/07/13 -- 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
Most Popular Stories
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Apple Said to Duck Billions in Taxes
- UTEP Water Recycling Project Wins Venture Titles
- Georgia GOP Preaches Minority Outreach
News-To-Go
Advertisement
Advertisement
News Column
Hydromer Enters Into an Exclusive License Agreement With Ortopro AS for Implantable Orthopedic Devices
Mar 7 2013 12:00AM
Marketwire
Advertisement
Source: Marketwire
Story Tools



