4th Jul 2018 11:26
LONDON (Alliance News) - AorTech International PLC has been granted a patent by the Brazilian Patent Office for its medical implant products known as biomedical gels.
Shares in AorTech were down 5.9% at 56.00 pence on Wednesday.
AorTech develops a range of materials that can be implanted into the body. Biomedical gels in particular are used to make and repair soft tissue products such as breast implants.
"Brazil is one of the largest markets for breast enhancement outside of the USA and is therefore an important patent territory," said Chairman Bill Brown.
On Thursday, AorTech signed a deal with medical equipment manufacturer RUA Medical to develop and supply two other implantable products with shares rising 16% in response.
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