Ronald Trahan Associates Inc. Ronald Trahan, 508-359-4005, x108 APR The Polymer Technology Group, Inc. (www.polymertech.com), a preeminent biomaterials company, announced today that it has in-licensed a family of bioresorbable polymers from Hillsborough, N.J.-based Bezwada Biomedical L.L.C., whose founder and president, Rao Bezwada, Ph.D., will also serve as a consultant to PTG. Terms of the agreement
were not disclosed. Polymers specifically designed to degrade under physiological conditions are often referred to as "absorbable", "biodegradable" or "bioresorbable" polymers. With this in-licensing event, PTG will now be able to offer a wider range of new and generic bioresorbable polymers to the medtech industry for use in medical devices, drug delivery and tissue engineering. "We are very happy to be working with Dr. Bezwada, who has more than 25 years of research experience in the medical device industry, including 20 years of service at Ethicon (Johnson & Johnson) prior to establishing Bezwada Biomedical in 2003," said Bob Ward, CEO of PTG. "He has been a prolific inventor (72 issued U.S. patents), has published extensively and presented frequently at both national and international meetings, including the American Chemical Society and the Society for Biomaterials," added Ward. Ward and Dr. Bezwada will make a joint presentation--"A vertically integrated approach for tailoring bioresorbable polymers: from monomers to implantable devices"--at a "Corporate Lunch Forum" on Friday, May 30th, during the upcoming 8th World Biomaterials Congress (May 28-June 1) in Amsterdam.
The polymers will find applications in:
- Minimally invasive surgery as absorbable tissue adhesive and sealant
- Drug delivery and wound care
- Medical devices
- Tissue engineering