Quick-Med Technologies, Inc. (OTCBB:QMDT) announced today that it has
entered into a joint development agreement with Foster Corporation, a
member of PolyMedex Discovery Group, to collaborate in applying
Quick-Med’s proprietary NIMBUS® technology to thermoplastics
for catheters and other medical product applications.
Catheter-associated urinary tract infection is the most common
nosocomial (hospital) infection. Each year, urinary catheters are
inserted in more than 5 million patients in U.S. acute-care hospitals
and extended-care facilities and more than 1 million of those patients
acquire a catheter-associated urinary tract infection. When infection
occurs, the potential medical and economic consequences can be
tremendous, including increased mortality and significant additional
heath care costs.
"We are excited to team with Foster Corporation to incorporate our
NIMBUS technology in catheters,” said J. Ladd Greeno, CEO of Quick-Med
Technologies. "Foster is a respected leader developing advanced
biomedical materials to meet the requirements of medical device
manufacturers. This collaboration will leverage NIMBUS technology to a
next generation of antimicrobial catheters to address growing infection
concerns.”
"Our partnership with Quick-Med will enable us to bring innovative,
next-generation antimicrobial technology to meet the needs of both
existing and potential customers,” said Dan Lazas, Foster’s Corporate
Vice President, Marketing & Sales. "NIMBUS technology will continue
Foster’s tradition of industry firsts by bringing much needed, uniquely
effective and affordable, innovative antimicrobial protection to
thermoplastic applications for the medical devices market.”
What makes NIMBUS different from other antimicrobial technology are its
permanent bond and its ability to be effective even in the presence of
large amounts of serum and body fluids. The active agent is permanently
bonded to the substrate, keeping the biocide from depletion, while
killing microbes (such as MRSA, VRE, and many others) that are present
on the device. Being bound to the substrate keeps the antimicrobial at
full strength; test results show that even in 90% serum, NIMBUS
continues to kill microbes outperforming other antimicrobials.
When the development is complete and FDA clearance received, management
believes NIMBUS will bring safe, highly effective, and extraordinarily
affordable antimicrobial protection to the $12 billion global catheter
market which is projected to continue rapid growth for the next several
years primarily due to the aging population.
About NIMBUS®
NIMBUS is a next-generation wound care technology that is non-toxic,
long-lasting and not blocked by organics such as blood, urine and
perspiration. According to Gregory Schultz, Professor, Institute for
Wound Research at the University of Florida and Past President of the
Wound Healing Society, "NIMBUS poses no danger of bacteria developing
resistance, or of releasing toxic material. It is a novel technology:
bonded and effective even in high concentrations of body fluids.”
About Foster Corporation.
For nearly 20 years, Foster Corporation has been at the forefront of
developing and manufacturing state-of-the-art material solutions based
on extremely precise polymer technologies, with a special focus on
serving the medical, pharmaceutical delivery, and bio-technology sectors
worldwide. In February 2009, Foster Corporation and Putnam Plastics
Group merged to form PolyMedex Discovery Group. For more information,
see: www.fostercorporation.com.
About Quick-Med Technologies, Inc.
Quick-Med Technologies, Inc. is a life sciences company that is
developing innovative technologies for the healthcare and consumer
markets. For more information, see: www.quickmedtech.com.
© 2009 Quick-Med Technologies, Inc. All rights reserved. NIMBUS®
is a registered trademark of Quick-Med Technologies, Inc.
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