Healthcare Industry News: Innocoll
News Release - April 4, 2006
Innocoll Announces Additional Distribution Arrangements in the Middle East and the Commonwealth of Independent States for CollaRx GENTAMICIN SURGICAL IMPLANTASHBURN, Va., April 4 (HSMN NewsFeed) -- Innocoll, Inc. announced its sales and marketing subsidiary, Innocoll Pharmaceuticals Ltd., has recently signed distribution arrangements for its CollaRx GENTAMICIN SURGICAL IMPLANT in Iraq, Iran, Syria, Kazakhstan, Azerbaijan, Georgia, Uzbekistan, Tajikistan and Turkmenistan.
The product is indicated for the treatment and prevention of post- operative acquired infection. Innocoll, Inc. acquired the product rights from Essex Chemis AG, an affiliated company of Schering-Plough Corporation (NYSE: SGP ) and has since assumed all sales, marketing and distribution activities for the product.
Dr. Michael Myers, President and CEO of Innocoll, Inc., stated, "These arrangements bring us closer to our goal of gaining complete market coverage for this product across the continent of Europe, through the Middle East and into Asia, as we continue to ramp-up our direct sales activities in Western Europe."
The product was developed using Innocoll's proprietary collagen-based technology, CollaRx(TM), and has been approved in over 50 countries. It is marketed under the following different trade names (COLLATAMP® G, COLLATAMP® EG, SULMYCIN® IMPLANT, GARAMYCIN® SCHWAMM, DURACOL®, DURACOLL®, GENTACOL®, GENTACOLL®, GARACOL®, GARACOLL®, CRONOCOL®) in Europe, Central and South America, Russia, the Middle East, Africa and Asia.
About GENTAMICIN SURGICAL IMPLANT
GENTAMICIN SURGICAL IMPLANT is a biodegradable leave-behind implant impregnated with the broad spectrum aminoglycoside antibiotic, gentamicin, and is indicated as an adjunct to systemic antibiotic therapy for the treatment and prevention of post-surgical acquired infection in both hard and soft tissues. It is based on Innocoll's CollaRx(TM) technology, a proprietary collagen-based system which locally delivers a wide variety of drug products, and can be formulated for implantable or topical application as a lyophilized sponge or as a cast film.
About Innocoll, Inc.
Innocoll is a privately held, fully integrated, global, hospital specialty pharmaceutical company specializing in surgical and dermatological products. It develops and markets internationally a range of medical products using its proprietary collagen-based technologies, CollaRx(TM) and LiquiColl®. For more information, please visit http://www.Innocoll.com. For product or pipeline information, please visit http://www.Innocoll-pharma.com.
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