Palette Life Sciences and Nestlé Skin Health Enter into Global Licensing Agreement for Deflux, Solesta and Barrigel - Seite 2

"We are very pleased with the transaction with Nestlé Skin Health. It represents a first and significant step in the development of a global medical device company with significant commercial assets in several underserved medical conditions," said Mattias Klintemar, Investor Director at The Baltic Sea Foundation, a lead investor in Palette Life Sciences. "Our ambition is to develop Palette Life Sciences into a global leader in the medical categories in which the company provides solutions."

In a comment on the partnership, Andrew J. Kirsch, M.D., Professor and Chief of Pediatric Urology at Emory University School of Medicine and Director of Robotic Surgery at Children's Healthcare of Atlanta said, "I have used endoscopic injection of Deflux for decades and I am enthusiastic about the new ownership's commitment to education and research within our subspecialty surrounding Deflux. We have studied Deflux extensively in a systematic fashion and have found it to be safe and effective in preventing UTIs (urinary tract infections) in children."

NASHA technology is easy to inject and can create a precise and firm gel texture intended for creating and maintaining a pronounced space in the body. This versatility is a benefit in a wide variety of medical applications including the creation and maintenance of space around cancer tumors during different forms of radiation therapy. NASHA gel was the first HA spacer used for to protect sensitive tissue such as the rectal wall during radiation treatment of prostate cancer in 2007.

"The NASHA technology offers an advanced gel solution for spacing critical healthy tissues from high dose target regions, preventing toxicities and giving physicians confidence that they are using a gel designed with the patient's safety in mind with a favorable ease of use," said Dr. Jean-Philippe Pignol MD, PhD, Professor of Radiation Oncology, Dalhousie University, Canada, and previous Chair of Radiation Oncology at Erasmus MC, Rotterdam, the Netherlands. "We have used this product on many patients and were very impressed by the possibility of sculpting with a great degree of precision the exact spacer we needed during radiation treatment. We are thrilled that Palette Life Sciences is bringing Barrigel to the market and will make it available to the radiation oncology field."