Tekcapital plc Acquisition of Medical Device Licence (8724J)
15 Septembre 2016 - 8:00AM
UK Regulatory
TIDMTEK
RNS Number : 8724J
Tekcapital plc
15 September 2016
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR)
Tekcapital plc
("Tekcapital")
Acquisition of Medical Device Licence
Tekcapital plc (AIM: TEK), an international provider of
technology and intellectual property services, announces that
Belluscura Limited ("Belluscura"), has acquired the exclusive
licence and related manufacturing assets for the distribution and
sale of the Wire Caddy(TM) , a proprietary medical device, from
Stryker Corporation.
The Wire Caddy is an innovative wire management system that
provides lubrication and organization during multi-wire,
multi-exchange operating room cases such as cardiology
interventions, uterine fibroid embolizations and tibial
angioplasties.
The Wire Caddy provides unobtrusive positioning around the
patient, allowing immediate access to wires when needed, but
keeping them out of the way when not in use. The patented system
was developed by a leading interventional radiologist. The device
is cleared for sale in the U.S. and previously achieved commercial
sales in over 100 hospitals. The consideration for the licence
acquisition includes a modest up-front cash payment and the
agreement for Belluscura to pay royalties on future product sales.
The product is protected by two issued patents.
Tekcapital holds 74.44% of the share capital of Belluscura.
Dr. Clifford M. Gross, Executive Chairman of Tekcapital,
commented: "We are very pleased to announce that Belluscura has
acquired the exclusive licence to the Wire Caddy and is executing
its model to acquire and market unique medical devices.
Belluscura's mission is to provide premium, proprietary medical
devices at affordable prices."
For further information, please contact:
+1 305 200 3450
Tekcapital Plc Ext 305
Clifford M. Gross, Ph.D. info@tekcapital.com
Allenby Capital Limited (Nominated +44 (0)20 3328
Adviser & Joint Broker) 5656
Jeremy Porter / Alex Brearley
Optiva Securities Limited (Joint +44 (0) 20 3137
Broker) 1904
Jeremy King / Vishal Balasingham jeremy.king@optivasecurities.com
+44 (0) 20 7933
Walbrook PR Ltd 8780
Paul Cornelius / Paul McManus
/ Helen Cresswell tekcapital@walbrookpr.com
About Tekcapital plc - The World's Largest University Network
for Open Innovation
Tekcapital helps clients profit from new, university-developed
intellectual properties. With our proprietary discovery search
engine, linked to 4,000+ universities in 160 countries, coupled
with expert scientific review, we provide a turn-key service to
make it easy for clients to find and acquire the IP, analytics and
technology transfer professionals they need to create a competitive
advantage. Tekcapital plc is listed on the AIM market of the London
Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in
the UK. For more information, please visit www.tekcapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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