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News

Nanocrystalline silver antimicrobial dressing range agreement is signed

Smith & Nephew Woundcare : 01 October, 2007  (New Product)
Smith & Nephew has restructured an agreement with the manufacturer of the Acticoat nanocrystalline silver antimicrobial dressing range.
The Advanced Wound Management division of Smith & Nephew has restructured its agreement with Nucryst Pharmaceuticals, the manufacturer of its Acticoat nanocrystalline silver antimicrobial dressing range.

The new agreement gives Smith & Nephew improved commercial terms. The new terms will allow the introduction by Smith & Nephew of new forms of silver dressings together with priority rights for new nanocrystalline silver technology developed by Nucryst as well as continued exclusive rights for the Acticoat range.

The financial terms of the agreement include the early payment of a $5million milestone payment to Nucryst by Smith & Nephew as part of a package of amended financial terms.

Joe Woody, president of the Advanced Wound Management division said: 'Our work within the group-wide Earnings Improvement Programme, announced earlier this year, includes a review of our product portfolio, including Acticoat. This agreement enables Smith & Nephew to introduce new forms of silver products, which meet the increasingly diverse needs of patients and improve the quality of their lives. The enhanced financial terms we have agreed will allow Smith & Nephew to increase its investment in the silver dressings market and to expand its market presence.'
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