Belluscura PLC New Wound Care Joint Venture

RNS Number : 4983O

Belluscura PLC

03 December 2024

 

3 December 2024

 

BELLUSCURA PLC

("Belluscura" or the "Company" or "Group")

 

New Wound Care Joint Venture

 

Belluscura plc (AIM: BELL), a leading medical device developer focused on lightweight and portable oxygen enrichment technology, announces that the Company has entered into a product development joint venture with its research partner Separation Design Group and a major medical device company to explore the use of oxygen-based wound care solutions.

 

Belluscura will serve as the original equipment manufacturer (OEM), while the major medical device company will fund product development, clinical trials, and distribution upon regulatory approval, with an initial clinical study scheduled to begin in early Q2 2025, outside the United States.

 

The joint venture will focus on innovative oxygen-based solutions for the wound care market, leveraging Belluscura's expertise in oxygen technology. In particular, it will focus on developments in continuously diffused oxygen (CDO) therapy, a topical oxygen delivery method designed to accelerate wound healing by providing pure oxygen directly to the wound. CDO therapy has demonstrated promise in treating chronic or hard-to-heal wounds, including diabetic foot ulcers.

 

The wound care market, valued at $22.5 billion in 2023, is projected to grow at a robust 5.9% CAGR through to 2032, according to a Global Markets Insights report published in 2023¹, and Belluscura's technology and expertise positions it well to capitalise on this significant market opportunity.

 

Commenting, Bob Rauker, Chief Executive said:

 

"Our joint venture with Separation Design Group demonstrates the potential of leveraging our oxygen-based technology across broader therapeutic applications and healthcare challenges, such as addressing an unmet need in the hard-to-heal wounds market, which is valued at over $22 billion today and growing. 

 

"Partnering with a globally recognized medical device company enables us to explore the development and commercialization of this innovative wound care solution by combining our oxygen enrichment technology and expertise with their resources and distribution capabilities."

 

-Ends-

¹ Wound Care Market - Product (Advanced Wound Dressing, Surgical Wound Care, Traditional Wound Care, WoundTherapy Devices, Wound Care Biologics), Application (Chronic, Acute), End use - Global Forecast, 2023-2032

For further information please contact:

 

Belluscura plc	Tel: [phone]
Adam Reynolds, Chairman Robert Rauker, CEO Simon Neicheril, Chief Financial Officer
SPARK Advisory Partners Limited Nominated Adviser	Tel: [phone]
Neil Baldwin / Jade Bayat
Dowgate Capital Limited Broker	Tel: [phone]
Russell Cook / Nicholas Chambers
MHP Financial PR & Investor Relations	Tel: [phone] email: [e-mail]
Katie Hunt/Matthew Taylor

 

About Belluscura plc (https://ir.belluscura.com/)

Belluscura is a UK medical device company focused on developing oxygen enrichment technology spanning broad industries and therapies. Our innovative oxygen technologies are designed with a global purpose: to create improved health and economic outcomes for the patients, healthcare providers and insurance organisations.

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

NRAFSFFWEELSEIE