1st Oct 2013 09:00
LONDON (Alliance News) - AorTech International PLC Monday said it has signed an agreement with Biomerics LLC to license the rights to manufacture and distribute the patented silicone/urethane co-polymers Elast-Eon and ECSil.
Elast-Eon and ECSil are silicone products used throughout the medical-device industry.
"AorTech will assist Biomerics in transferring the manufacturing know-how and, once the products are validated, Biomerics will supply the polymer requirements of AorTech's current licensees," AorTech said.
As part of the deal, Salt-Lake City-based Biomerics will promote the use of AorTech's Elast-Eon polymers in other fields of medical devices and will offer components manufactured from AorTech's Elast-Eon polymers to the medical device community.
The stock was trading at 82.66 pence Tuesday, up 5.16 pence or 6.7%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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