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Cohera Medical, Inc. Named Winner of 2013 Carnegie Science Award


1/31/2013 8:54:53 AM

PITTSBURGH, Jan. 31, 2013 /PRNewswire/ -- Cohera Medical, Inc.®, a leading innovator and developer of absorbable surgical adhesives and sealants, announced today that its CEO Patrick Daly has been selected as the recipient of the Carnegie Science Award in the category of Start-Up Entrepreneur. The Start-Up Entrepreneur Award recognizes leadership in developing a promising innovation in an early-stage company.

Carnegie Science Center established the Carnegie Science Awards program in 1997 to recognize and promote outstanding science and technology achievements in western Pennsylvania. Celebrating its 17th year, the Carnegie Science Awards have honored more than 350 individuals and organizations whose contributions in the fields of science, technology, and education have impacted the region's industrial, academic, and environmental vitality.

"We are honored to be recognized by the Carnegie Science Center for bringing world-class technology to the Southwest Pennsylvania region," said Patrick Daly, President & CEO, Cohera Medical. "This award is a tribute to the dedication and commitment of our entire team in developing innovative technology that has the potential to impact surgeries and the recovery of millions of patients worldwide."

Currently, most patients who undergo abdominoplasty procedures and other large flap procedures require the insertion of drains to remove fluids that accumulate under the skin at the surgical site. In some cases, drainage is inadequate and the excess fluid accumulation (seroma) requires additional procedures for removal. The drains are often painful for the patient and can lead to infection and impact the recovery process.

TissuGlu adheres the tissue flap created during the procedure to the underlying tissue, helping to reduce the fluid that can accumulate in the space during healing and ultimately reducing the need for postoperative drains to remove the fluid. The ability to perform the procedure without drains would lead to a more comfortable recovery and a quicker return to normal activity for patients.

Winners for the Carnegie Science Awards will be honored during a formal celebration at Carnegie Music Hall on May 3, 2013.

About Cohera Medical

Cohera Medical, Inc.® is a leading innovator and developer of absorbable surgical adhesives and sealants. The Company's first product, TissuGlu® Surgical Adhesive, is an internal surgical adhesive for large flap surgeries, such as abdominoplasty (tummy tuck), that eliminates or reduces fluid accumulation and the need for post surgical drains. TissuGlu's chemical composition is resorbable, non-toxic, forms a strong bond between tissue layers and allows for natural healing, which ultimately may enable faster recovery. TissuGlu has received CE Marking approval to be sold in the European Union (EU). Cohera Medical is also developing a unique and proprietary bowel sealant, and a strong adhesive for mesh fixation. Outside of the EU, TissuGlu and the other Cohera products are currently indicated for investigational use only and have not yet been approved for medical use by the Food and Drug Administration (FDA) in the U.S. or in any other market. For more information, visit www.coheramed.com.

Certain statements made throughout this press release that are not historical facts contain forward-looking statements regarding the Company's future plans, objectives and expected performance. Any such forward-looking statements are based on assumptions that the Company believes are reasonable, but are subject to a wide range of risks and uncertainties and, therefore, there can be no assurance that actual results may not differ materially from those expressed or implied by such forward-looking statements.

SOURCE Cohera Medical, Inc.



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