Hydromer, Inc. Enters Into Two Royalty Bearing Medical Coating Licenses in August 2012
September 10 2012 - 10:15AM
Marketwired
Hydromer, Inc. (OTCQB: HYDI) (PINKSHEETS: HYDI) announced that
during August of its first fiscal quarter, it had entered into two
royalty bearing License Agreements, one with a US-based medical
device company, and one with a China-based medical device company.
Under the terms of these agreements, each company is licensed to
use certain proprietary Hydromer® medical coatings on medical
devices, such as vascular access guidewires, nasogastic feeding
catheters and gastrointestinal placement stylets.
"Hydromer's innovative medical coating technologies continue to
gain interest in the evolving global medical device marketplace,"
commented Martin von Dyck, Executive Vice President of Hydromer,
Inc., and President of the Biosearch Medical Products, Inc.
subsidiary, adding, "Our continued success is propelled by our
technologies versatility and performance, which is further
complimented by our vast scope of international regulatory
approvals, and bolstered by our ability to provide our clients with
custom, 'turn-key,' validated coating equipment. Globally, our
corporate culture is based on dynamic and collaborative
relationship building, focusing on providing our clients impeccable
quality at very competitive pricing."
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:
http://www.hydromer.com
Hydromer ® is a registered trademark of Hydromer, Inc.
Hydromer, Inc. 35 Industrial Parkway Branchburg, New Jersey
08876-3424 Martin von Dyck Executive Vice-President (908)
722-5000
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