Bactiguard Holding AB
(publ.) today announces strengthened ties with leading global medical technology company
Becton Dickinson & Company
(BD),
Bactiguard's
longest and strongest license collaboration. An interim agreement has been signed granting BD an exclusive global license, effective immediately, for
Bactiguard
coated Foley catheters, which is a first step on the strategy of phasing-out
Bactiguard's
medical device portfolio.
As communicated earlier this year,
Bactiguard
has sharpened its strategy to focus fully on the licensing business and transform from a medical device production company to a knowledge and specialist organization. An important part of the transformation is the phase-out of
Bactiguard's
medical device portfolio and today's announcement is a first step on that strategy. The interim agreement to extend the partnership with BD includes sales exclusivity of Foleys not only in the US,
Japan
,
UK
,
Canada
,
Ireland
, and
Australia
, but now also the rest of the world (excluding
China
) and aims at limiting supply disruptions for current distributors and customers. The majority will be offered
Bactiguard
coated BD Foley catheters which have similar features and functionality to the Bactiguard Foley. It is both parties' expectations to enter into an expanded long-term license agreement during the first half of 2024.
"We are thrilled to have agreed to extend our partnership with BD and can't think of a better organization to partner with in this area. Having been partners since 1994, we know each other well and share common values with a commitment to help patients in need and not least, make the world a healthier place. Today's announcement also supports our strategy of focusing on our licensing business, so it is an important first step on our transformation while we also ensure a smooth transition for the benefit of patients", states
Thomas von Koch
, CEO of
Bactiguard
.
The impact of the extended partnership with BD is expected to have a limited but positive effect on
Bactiguard's
income statement for 2024.
This information is information that
Bactiguard Holding AB
(publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, 2023-12-14 at
09:30 CET
.
For further information, please contact:
Patrick Bach
, CFO +46 761 295 911
Nina Nornholm
, Head of Communication & IR +46 708 550 356
About
Bactiguard
Bactiguard
is a global medtech company that develops safe and biocompatible technology and solutions to prevent medical device related infections across five therapeutic areas - orthopedics, urology, intravascular/critical care, dental, and wound care.
Bactiguard's
unique technology is based on a thin noble metal coating that prevents bacterial adhesion and biofilm formation on medical devices.
Bactiguard's
infection prevention solutions make a positive impact by decreasing patient suffering, saving lives and unburden healthcare resources. They also fight against antimicrobial resistance, one of the most serious threats to global health and modern medicine.
Bactiguard
operates through license partnerships with leading global medtech companies, such as BD and
Zimmer Biomet
, enabling them to bring medical devices with the company's unique infection prevention technology to the market.
Bactiguard
also has a portfolio of wound management products and sutures.
Bactiguard
is headquartered in
Stockholm
and listed on Nasdaq Stockholm.
Read more about
Bactiguard
: www.bactiguard.com
Follow
Bactiguard
on LinkedIn
https://news.cision.com/bactiguard-holding-ab--publ-/r/bd-to-become-exclusive-global-license-partner--excluding-china--for-bactiguard-coated-foley-catheter,c3893485
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