VANCOUVER, March 29 /PRNewswire-FirstCall/ - Angiotech Pharmaceuticals, Inc. today announced the execution of a development, license and distribution agreement between its wholly-owned subsidiary, Surgical Specialties Corporation (SSC), and Collagen Matrix Technologies Inc. (CMT), appointing SSC to be the exclusive worldwide distributor of CMT’s Dermalogen(TM) products for use in aesthetic surgery and dermatology procedures.
First introduced in 1998, Dermalogen(TM) is an injectable, collagen-based dermal filler that can be used for the correction of wrinkle lines and for the removal or improvement of scars caused by trauma, surgery or acne.
“We are excited to complete our first business development initiative with our newly acquired SSC product and sales franchise, and we feel Dermalogen(TM) is a strong complement to our line of aesthetic-based products,” said Dr. William L. Hunter, President and Chief Executive Officer of Angiotech.
“We are looking forward to working closely with CMT, and anticipate that this agreement will further expand and develop our platform of products used for aesthetic-based procedures. We believe that Dermalogen(TM) may also have the advantage of being an alternative for patients who are allergic to traditional collagen treatments,” said Pete Molinaro, President of Surgical Specialties Corporation.
It is anticipated that, pending completion of trials and obtaining regulatory approval, SSC could be selling Dermalogen(TM) in the United States within 18 months.
About Dermalogen(TM)
Dermalogen(TM) is an injectable dermal filler that can be used for a variety of facial cosmetic and reconstructive treatments. It addresses the facial contour defects that cannot be treated effectively either with laser-resurfacing or face lift surgery. These include glabellar creases and depressed scars caused by trauma, surgery or acne. An alternative to bovine collagen treatments, Dermalogen(TM) is similar to native dermis and contains intact collagen fibrils, elastic network, and proteoglycans to stimulate collagen production and vascularization.
About Angiotech Pharmaceuticals, Inc.
Angiotech Pharmaceuticals, Inc. is a global specialty pharmaceutical company that discovers and develops innovative treatment solutions for diseases or complications associated with medical device implants, surgical interventions and acute injury or trauma. To find out more about Angiotech Pharmaceuticals, Inc. , please visit our website at www.angiotech.com.
About Surgical Specialties Corporation
Surgical Specialties Corporation is a wholly-owned subsidiary of Angiotech Pharmaceuticals, which was acquired during the acquisition of American Medical Instruments Holdings, Inc. in March 2006. Based in Reading, Pennsylvania, Surgical Specialties Corporation is a specialty surgical device company engaged in wound closure, aesthetic surgery and ophthalmology. It is best known for the Sharpoint(TM) line of surgical needles and sutures, Sharpoint(TM) ophthalmic microsurgical knives, and Contour Threads(TM) barbed sutures for performing minimally invasive facial ThreadLift(TM) Procedures.
About Collagen Matrix Technologies Inc.
Based in Boca Raton, Florida, Collagen Matrix Technologies Inc. is an innovative biomaterials company focused on developing and manufacturing injectable collagen products for aesthetic procedures, as well as plastic and reconstructive surgery. The company owns a broad range of intellectual property to support its collagen matrix technology platform.
Forward-Looking Statements and Historical Financial References
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For Additional Information: Analysts and Investors: Rui Avelar, Chief Medical Officer, Angiotech Pharmaceuticals, Inc. (604) 221-7676 ext 6933 Media: Colleen Beauregard, Waggener Edstrom Bioscience (503) 443-7863; Email: colleenb@wagged.com
Angiotech Pharmaceuticals, Inc.
CONTACT: Analysts and Investors: Rui Avelar, Chief Medical Officer,Angiotech Pharmaceuticals, Inc., (604) 221-7676 ext 6933; Media: ColleenBeauregard, Waggener Edstrom Bioscience, (503) 443-7863, Email:colleenb@wagged.com
