PRINCETON, N.J.--(BUSINESS WIRE)--Derma Sciences, Inc. (“Derma Sciences” or “the Company”) (Nasdaq: DSCI), a medical device and pharmaceutical company focused on advanced wound care, today announced it has achieved a key MEDIHONEY® sales milestone and is now on a greater than $7.0 million annual sales run rate. Under the terms of its exclusive worldwide licensing agreement with Comvita New Zealand Ltd., the supplier of medical grade Leptospermum (manuka) honey, Derma Sciences is to pay Comvita $1.0 million when the sales milestone is reached. The cash payment will be made on August 30, 2011.
