UK medtech company Advanced Medical Solutions (AMS) has entered into an agreement with Stryker Corporation for the global marketing and distribution of AMS's wound closure products for head and neck surgery.
Stryker, recognised as a leading global company in the cranio-maxillofacial surgery (CMF) market, will commercialise the Cheshire-based company's LiquiBand range of topical adhesives.
Under the terms of the agreement, Stryker will have exclusive marketing and distribution rights for these products in all CMF markets, with product launches in Europe commencing this month and a phased rollout to the rest of the world following. The global CMF market is worth $900m.
The LiquiBand range of topical tissue adhesives, based on cyanoacrylate adhesive technology, have been developed for wound closure procedures following trauma or surgical incisions.
Dr. Don Evans, CEO of Advanced Medical Solutions, said: "Given the broad application for the current and future LiquiBand product portfolio, we believe that the optimal commercialisation strategy is via multiple partners with specific competencies and experience.
"I am therefore delighted that we have been able to sign Stryker as our first global marketing and distribution partner, taking our LiquiBand technology into the CMF arena. As a leader in this surgical speciality, they are an ideal partner to create and develop this market for our products."