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Admedus Acquires Manufacturing Fa
Admedus received CE mark for CardioCel in August 2013 and anticipates approval of CardioCel in the US in 2014.
Brisbane, Australia, 12th December 2013 Admedus, formerly Allied Healthcare Group (ASX: AHZ) today announced that it has signed a share purchase agreement to acquire an established manufacturing site from Genzyme Australasia, a Sanofi Company, to facilitate scaled up production of its lead regenerative tissue product CardioCel and to meet future growth in demand for this breakthrough Hermes Belt Dimensions
"This acquisition represents an important step forward for Admedus as it gives us immediate access to a fully functional facility, the necessary equipment and trained, experienced staff. As a result this will accelerate our ability to increase the manufacturing of CardioCel as market demand grows" said Mr Rodne.
new treatment for the repair and reconstruction of congenital heart defects. The transaction is expected to be completed as of the 31st of December, 2013.
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"This established site is an important acquisition for us as it allows Admedus to accelerate its manufacturing capabilities in anticipation of growing CardioCel sales over the next 12 months and beyond," said Admedus CEO Mr Lee Rodne.
The site in Malaga Western Australia, built in 2009, will provide fully operational infrastructure that will enable the company to service the expected global market for CardioCel. It will also provide additional facilities to support the development and commercial manufacture of additional regenerative tissue products currently in the Admedus pipeline that utilise its platform ADAPT tissue engineering process.
The division is based on the patented ADAPT Tissue Engineering Process as a platform technology to produce implantable tissue scaffolds for use in various soft tissue repair applications and for the production of replacement tissue heart valves. The ADAPT technology is used to process xenograft tissues to produce unique implantable tissue scaffolds that are compatible with the human body. The technology has a number of advantages over current tissue treatment processes on the market, most notably the reduction of calcification post implantation and has the potential Gucci Belt All Black
Admedus (ASX: AHZ) is a diversified healthcare company focused on investing in and developing next generation technologies with world class partners, acquiring strategic assets to grow its product and service offerings and expanding revenues from its existing profitable medical sales and distribution business. The Company has assets from research development through clinical development as well as sales, marketing and distribution.
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Krbling 2003. Adult Stem Cells for Tissue Repair A New Therapeutic Concept? NEJM Volume 349:570 582, August 7, 2003, Number 6
Dr Julian Chick, Chief Operating Officer Admedus Limited Tel: +61 3 9620 5454Haley Price+61 39866 4722About Admedus Limited
engineering technology for regenerative medicine. Allied also has a major interest in developing the next generation of vaccines with a Brisbane based research group led by Professor Ian Frazer. The vaccine programs target disease with significant global potential such as Herpes and Human Papillomavirus. CardioCel is a cardiovascular scaffold used to repair paediatric and adult heart deformities. These deformities range from routine "hole in the heart" operations to major vessel outflow tract repairs. The CardioCel scaffold may also be used to repair leaking heart valves in paediatric and adult patients. CardioCel has been shown to allow tissue regeneration once implanted. Some researchers postulate that stem cells play an active role in tissue regeneration, suggesting that CardioCel facilitates endogenous stem cells and other cells to regenerate and repair damaged tissue.
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As part of the acquisition Admedus will retain the necessary staff to run the recently completed multi million dollar state of the art facility. The leased site is fully fitted with the required clean room facilities and supporting infrastructure for Admedus to manufacture CardioCel. The purchase price of the manufacturing facility company is nominal and includes all existing equipment at the site.
to replace many of the products that surgeons currently use for soft tissue repair.
Admedus is in the process of commercialising its innovative tissue Diesel Belt Buckle
The acquisition will also provide access to highly skilled staff to support both manufacturing requirements and new product development. The staff retained are trained in operating clean room facilities as well as experienced in producing medical products for human treatments.
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