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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Shared Hospital Services | AMEX:AMS | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.02 | -0.63% | 3.14 | 3.20 | 3.12 | 3.18 | 4,454 | 21:00:10 |
RNS Number:8580M Advanced Medical Solutions Grp PLC 27 June 2003 27th June 2003 Advanced Medical Solutions Group plc ("AMS" or the "Company") Announces Supply Agreement with Johnson & Johnson Wound Management - a Division of ETHICON, Inc. For Silver Alginate Dressings for the Professional Wound Care Market Winsford, UK: AMS, the global woundcare technology company has today announced an exclusive supply agreement with Johnson & Johnson Wound Management for a range of alginate woundcare dressings containing silver. In May 2002, AMS announced a collaboration with Johnson & Johnson Wound Management to supply a range of calcium alginate products for launch under their NuDerm* brand. In January 2002, AMS announced that it had agreed an option to license X-STATIC(R) silver fibre technology from Noble Fiber Technologies Inc ("Noble"). This agreement enabled AMS to use X-STATIC(R) silver fibres in its alginate based woundcare dressings and granted AMS exclusive world-wide rights to seek marketing partners for these products. This option has now been exercised and an exclusive agreement has been reached between AMS and Noble for the supply of Noble's X-STATIC(R) silver fibres for use in calcium alginate woundcare dressings for supply to Johnson & Johnson Wound Management for sale into the Professional Woundcare market. Silver is widely recognised as a safe and effective broad-spectrum anti-microbial agent for infection control. The X-STATIC(R) silver fibre technology utilises a layer of pure silver, bonded to the surface of a textile fibre, which enables it to be incorporated into an alginate dressing. AMS has subsequently developed calcium alginate products, which allow a controlled and sustained release of silver into the wound without compromising the performance of the alginate as a wound dressing. Under the terms of the agreement announced today, Johnson & Johnson Wound Management will act as AMS' global exclusive marketing partner for these products, which will be marketed by Johnson & Johnson Wound Management under its SilverCelTM brand. It is expected that these products will be launched into the Professional Woundcare market during Qtr.3 2003 following 510(k) and CE Mark regulatory approvals, which are currently underway. Commenting on this agreement, Dr Don Evans, Chief Executive Officer of AMS, said: "We are delighted to have extended our relationship with Johnson & Johnson Wound Management. This agreement, which underlines our strategy of partnering with leading international companies to bring higher value products into the advanced woundcare market, is an excellent endorsement of our alginate technology." ___________________________________________________________ In a separate statement about trading conditions Don Evans commented: "Against the challenging economic background of the last few months, coupled with the disruptive effect of the AVRC resolution defeated at our AGM, we are pleased that the recent series of announcements represent a continuation of our progress in exploiting our technology." - ENDS - For further information, please contact: Advanced Medical Solutions Group plc Tel : +44 (0) 1606 863 500 Don Evans, Chief Executive Officer Mary Tavener, Finance Director www.admedsol.com Buchanan Communications Tel: +44 (0) 20 7466 5000 Nicola How Fergus Mellon Mobile 07779 018466 Notes to Editors: Advanced Medical Solutions is a leading company in the development and manufacture of products for the #15 billion global woundcare market. Founded in 1991 and currently quoted on AIM, Advanced Medical Solutions is focused on the design, development and manufacture of innovative and technologically advanced products for woundcare and other medical applications. In-house natural and synthetic polymer technology is used to provide advanced wound dressings based on the moist healing principle. AMS's resources ensure a unique position as a vertically integrated 'one stop shop' to provide all categories of moist wound healing products. The Company has the capability to move from product design and development through to production and delivery ready for distribution into customer markets. The acquisition of MedLogic in 2002 has brought AMS products and technology in cyanoacrylate based tissue adhesives and sealants sold direct to A & E departments or through distributors. AMS's technology and products currently serve the majority of the key global markets with strategic partners including 3M, Novartis, Johnson & Johnson, Molnlycke Healthcare, Coloplast, Smith + Nephew and Beiersdorf. This information is provided by RNS The company news service from the London Stock Exchange END AGRNKAKBBBKBOAB
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