NEXGEL Secures Supply Agreement with AbbVie
30 Octobre 2023 - 1:00PM
NEXGEL, Inc. (“NEXGEL” or the “Company”) (NASDAQ: “NXGL”), a
leading provider of ultra-gentle, high-water-content hydrogel
products for healthcare and consumer applications, today announced
that its subsidiary, CG Converting and Packaging, has executed a
supply agreement with AbbVie Inc. (NYSE: ABBV), a global
biopharmaceutical company to be a supplier of gel pads to be used
with AbbVie's Rapid Acoustic Pulse device being investigated for
improvement in the appearance of cellulite.
Leveraging NEXGEL's proprietary hydrogel
technology, its gel pads will be an important component of the body
contouring device.
“We are honored and excited that a company of
AbbVie’s stature and reputation has selected our gel pad for use
with their product,” stated Adam Levy, CEO at NEXGEL.
About NEXGEL, INC.
NEXGEL is a leading provider of ultra-gentle,
high-water-content hydrogels for healthcare and consumer
applications. Based in Langhorne, Pa., the Company has developed
and manufactured electron-beam, cross-linked hydrogels for over two
decades. NEXGEL has formulated more than 200 different combinations
to bring natural ingredients to gentle skin patches that can be
worn for long periods of time with little to no irritation.
Forward-Looking Statement
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”) (which Sections were
adopted as part of the Private Securities Litigation Reform Act of
1995). Statements preceded by, followed by or that otherwise
include the words “believe,” “anticipate,” “estimate,” “expect,”
“intend,” “plan,” “project,” “prospects,” “outlook,” and similar
words or expressions, or future or conditional verbs, such as
“will,” “should,” “would,” “may,” and “could,” are generally
forward-looking in nature and not historical facts. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the Company's
actual results, performance, or achievements to be materially
different from any anticipated results, performance, or
achievements for many reasons. The Company disclaims any intention
to, and undertakes no obligation to, revise any forward-looking
statements, whether as a result of new information, a future event,
or otherwise. For additional risks and uncertainties that could
impact the Company's forward-looking statements, please see the
Company's Annual Report on Form 10-K for the year ended December
31, 2022, including but not limited to the discussion under “Risk
Factors” therein, which the Company filed with the SEC and which
may be viewed at http://www.sec.gov/.
Investor Contacts:Valter Pinto, Managing
DirectorKCSA Strategic
Communications212.896.1254valter@kcsa.com
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