Business
Extension to Agreement with RUA Medical
Extension to Agreement with RUA Medical.
About this update from Rua Life Sciences Plc
[{"type":"text","content":"\n \nRNS Number : 3800A AorTech International PLC 21 January 2020 \n\nAorTech International PLC\n(\"AorTech\", the \"Company\" or the \"Group\")\nExtension to Agreement with RUA Medical\n \nAorTech International PLC (AIM: AOR.L), the licensor of the world's leading long-term implantable biostable polymer (Elast-EonTM) and developer of medical devices utilising the key properties of Elast-EonTM, is pleased to announce an extension to its agreement with RUA Medical Devices Limited (\"RUA Medical\").\nFor over 18 months, AorTech and RUA Medical have been partnering on the development of soft tissue patches and large bore vascular grafts. This project has combined RUA Medical's expertise as an implantable fabric specialist and full service contract device developer and manufacturer with the outstanding biostable and biocompatible properties of Elast-EonTM.\nAs a result, RUA Medical has been provided with, and developed, a substantial amount of know-how relating to the highly flexible manufacturing processes for Elast-EonTM, which include extrusion, dip processing (casting and coating), spray coating (including electro spinning and ultrasonic) and moulding (including compression, injection and reaction injection moulding). A number of opportunities have recently been identified where third-party medical device companies are looking for both a polymer and manufacturing solution to address current design problems.\nIn order to satisfy these market requirements, the Company's agreement with RUA Medical has been extended to allow RUA Medical to offer device design and manufacturing services incorporating both Elast-EonTM polymer and processing know-how to third party customers.\nCaroline Stretton, Chief Executive Officer of RUA Medical, said: \"RUA Medical is delighted how the partnership with AorTech has developed and believes that RUA Medical is becoming a centre of excellence for the manufacture of Elast-EonTM enabled devices and components. We look forward to working closely with the AorTech team to further expand the uses and opportunities for Elast-EonTM.\" \nBill Brown, Chairman of AorTech, said: \"I am delighted that AorTech has been able to extend and deepen its partnership with RUA Medical and the opportunities this will present. AorTech will be attending MD&M West next month alongs...