Business
Development and Supply Agreement with RUA Medical
Development and Supply Agreement with RUA Medical.
About this update from Rua Life Sciences Plc
[{"type":"text","content":"\n \nRNS Number : 8243S AorTech International PLC 28 June 2018 \n\n28 June 2018 \nAorTech International plc \n(\"AorTech\" or the \"Company\") \n \nDevelopment and Supply Agreement with RUA Medical \n \n \nAorTech (AIM: AOR), the biomaterials and medical device IP company, is pleased to announce that it has signed an agreement with RUA Medical, the trading name for Culzean Medical Devices Limited, for the development and supply of its soft tissue pericardial patch and large bore vascular graft.\nAorTech has identified opportunities within the medical device sector to improve the performance and functionality of certain devices by incorporating the biostable medical grade polymer (Elast-EonTM) into those devices. AorTech has appointed RUA Medical as its development and manufacturing partner to bring the immediate opportunities from this platform technology to market.\nBill Brown, Chairman of AorTech said: \"In anticipation of entering into this agreement, the AorTech and RUA Medical teams have gone through a detailed project planning process. This process has confirmed to AorTech that RUA Medical is the ideal partner for this project and that its unique combination of R&D, project management, regulatory and manufacturing expertise should help us deliver the soft tissue pericardial patches and large bore grafts to market in a highly efficient manner.\"\nCaroline Stretton, Chief Executive Officer of RUA Medical said: \"The team at RUA Medical is delighted to be partnering with AorTech on the development and supply of their transformational devices. Superior safety and performance, in conjunction with secure supply, will afford spectacular improvements to the quality of life of end users. RUA Medical also recognises the exciting future prospect of exploiting further medical device opportunities within AorTech's novel platform technology.\" \n \nFor further information contact: \n \nAorTech International plc Tel: +44 (0)7730 718296 \nBill Brown, Chairman &n...