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Started by Raosam
Wed, 29 Jul 1998 00:00
BioTech Patent (US) allowed-Mar 1998-Collagen-NovaGen Press release
Author: Raosam
Date: Wed, 29 Jul 1998 00:00
Date: Wed, 29 Jul 1998 00:00
76 lines
4361 bytes
4361 bytes
FOR IMMEDIATE NEWS RELEASE:
NOVA GEN INC. (JULY 98)
JULY 27, 1998
Contact: Sam Rao
Tel. (510) 795-8581 Fax. (510) 795-7571
e-mail: nova_gen@hotmail.com
San Francisco, CA.
Nova Gen, Inc.- an emerging Bio Tech company -founded 1994- specializing
in unique Biomaterials and Medical Devices - announces the award of
an U.S. Patent allowance (March 1998) for the cutting edge technology of
preparation of Ultrapure Collagen as a Novel Biomaterial.
Collagen has become an important tool for hastening the healing process
of injured tissues. Nova Gen has developed proprietary methods
(U.S.Patent allowed March 1998) to manufacture highly purified collagen,
and to make other surface modifications to enhance bioactivity of the
protein.
The Twice Treatment Process (TTP) and other unique purification steps of
the patented technology results in a less immunogenic and better
biocompatible collagen than that are currently available in the
commercial market (proven pre-clinical studies).
This energized pure (99%) collagen, "CollagenPRO", can be used for
different biomedical applications.
1. Superior Wound Healing products (HealiColl, HemoColl) used as
resorbable dressing materials for external wounds, burns, bed sores and
diabetic ulcers etc.
2. Surgical Products and Implants like tissue glues, fillers and
resorbable sutures including Gum
infection management product (PerioColl)
3. Skin care products (NeoSkin and SkinFader) and Purified raw
collagen for cosmetic use.
4. Research products including collagen coated surgical products such
as shunts, catheters and implants, Biotech products like cell-culture
plates (CollagenPRO COAT); and
5. Gene therapy products (Collatrix) .
"Nova Gen's proprietary collagen modification technology will enable
the company to become a leader in this field. Our technology hopes to
bring a revolution in collagen research. It will provide a better
surface chemistry to the collagen, thus allowing it to attach with
chemicals and drugs in a more natural and effective manner, unlike other
collagen preparations available in the market today, " added Dr. Guna,
the President and CEO of Nova Gen Inc., and a well known scientist in
the field. One of the major US distributors for Research Products has
tested, and is willing to include Nova Gen's CollagenPR0 COAT product in
their 1999 catalog.
The market for Gene delivery for therapeutic applications is estimated
to reach $45 Billion by the year 2010 (Business Week, Jan. 1997). The
current market size for collagen based skin care products and wound
healing products is estimated by Nova Gen as $0.5 billion and $1.26
billion respectively and the market size for surgical products and
research products is approximately $0.25 billion and $0.58 billion
respectively (Burril and Company -'97, Theta Corp. Nov. '96). Inspite
of all these figures, there seems to be a definite void between the
supply and demand for quality Collagen (Frost & Sullivan, 1995) . Nova
Gen is confident of filling in the shortage of supply.
The corporate head quarters of Nova Gen, Inc. is located in Newark, CA
(San Francisco Bay area), and the laboratory is in Fremont, CA with an
adequate R&D facility. "Based on very encouraging pre-clinical studies
at the Stanford University and the VA Research center in Palo Alto, CA,
our company is poised to make significant advancements in the field of
biomaterials," said Dr. Guna, CEO at Nova Gen, Inc.
DISCLAIMER: Statements contained in this Press Release including those
pertaining to scientific, pre-clinical research and market projections
etc., are subject to a number of uncertainties. The announcing company
or persons involved are not liable in any manner. EOE
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