Interface Biologics announces Licensing Agreement with Navilyst Medical
Toronto, Canada, October 25,
2011 – For Immediate Release
Interface Biologics Inc. (IBI), a privately held commercial stage developer of
transformative biomedical-polymer products, is pleased to announce a definitive
license and supply agreement with Navilyst Medical, a leading manufacturer of
image-guided medical technologies.
Under this agreement, Navilyst Medical has exclusive access to
incorporate IBI’s EndexoTM technology in its vascular access
products.
EndexoTM is a self-locating bio-medical polymer additive that results in a passivating surface that reduces platelet adhesion, protein adsorption and thrombus formation on medical devices. As an additive, Endexo™ has significant manufacturing advantages over other anti-thrombogenic coating or impregnation alternatives and does not change the mechanical design parameters or functional properties of the underlying medical device. By enhancing the biocompatibility of medical devices, Endexo™ may ultimately improve their safety and effectiveness and advance the quality of care provided to patients.
Following Canadian approval in August, Navilyst Medical launched BioFlo™ PICCs with EndexoTM Technology at the 36th Annual General Meeting of the Canadian Vascular Access Association Conference (CVAA) in Toronto last week.
“We looked into numerous additives to further enhance the biocompatibility of our vascular access products, but none showed the promise of EndexoTM”, commented Ron Sparks, Chairman and CEO of Navilyst Medical. “With no heparin, no coating and no impregnation, BioFlo™ PICCs with EndexoTM Technology are unique - providing a catheter material more resistant to the accumulation of blood components (platelets and thrombus).”
Tom Reeves, President and CEO of Interface Biologics stated that “We’ve been working with Navilyst Medical since November of 2009 and have been extremely impressed with the depth and thoroughness of their testing regime. The launch of Navilyst Medical’s BioFlo™ PICC with EndexoTM Technology represents the first regulatory approval of a medical device that utilizes our Endexo™ Technology – a significant milestone for IBI and evidence of our continued commercial traction.
About Interface Biologics Inc.
Interface Biologics
(IBI) is an early commercial stage privately held company that develops transformative
biomedical polymer technology to improve the safety and effectiveness of
medical devices. IBI’s primary
technology focus areas are anti-thrombogenic devices that reduce thrombosis
without the need for heparin and programmable combination drug delivery
devices. For more information
about Interface Biologics, please visit www.interfacebiologics.com
About Navilyst Medical
Navilyst Medical Inc., headquartered in Marlborough, MA, was formed in February 2008 from Boston Scientific’s Fluid Management and Vascular Access business units. Its breakthrough devices, including the PASV™ Valve Technology, expanded line of Xcela™ Power Injectable PICCs and world-leading NAMIC® Fluid Management products, help hospitals to achieve safe, favorable outcomes for patients. For more information, please visit: www.navilystmedical.com.
FOR FURTHER
INFORMATION PLEASE CONTACT:
Julie
Fotheringham - Partner, Hageman Communications
416-951-7988
Julie.fotheringham@hageman.ca