Intercytex & Baxter Agreement

RTTNews) - Baxter International Inc. (BAX | charts | news | PowerRating) on Wednesday said it entered into individual licensing agreements with Intercytex (ICX.L | charts | news | PowerRating) and Spinal Restoration to evaluate the use of Baxter’s fibrin sealant TISSEEL in novel regenerative medicine therapies. Intercytex, Cambridge, England, would use TISSEEL in combination with allogeneic dermal fibroblasts in the continuing development of two of its products; ICX-PRO, an investigational topical wound care product designed to actively stimulate healing in chronic wounds and ICX-SKN, an investigational skin replacement designed to replace autologous skin grafts.

Under terms of the agreements, Baxter would supply Intercytex and Spinal Restoration Inc. with TISSEEL at agreed upon pricing for use in their investigational treatments. Baxter would also obtain shares as part of the Spinal Restoration agreement.

http://www.tradingmarkets.com/.site/news/BREAKING%20NEWS/565516/

» RTTNews) - Baxter International Inc. (BAX | charts | news | PowerRating) on
» Wednesday said it entered into individual licensing agreements with
» Intercytex (ICX.L | charts | news | PowerRating) and Spinal Restoration to
» evaluate the use of Baxter’s fibrin sealant TISSEEL in novel regenerative
» medicine therapies. Intercytex, Cambridge, England, would use TISSEEL in
» combination with allogeneic dermal fibroblasts in the continuing
» development of two of its products; ICX-PRO, an investigational topical
» wound care product designed to actively stimulate healing in chronic
» wounds and ICX-SKN, an investigational skin replacement designed to
» replace autologous skin grafts.
»
» Under terms of the agreements, Baxter would supply Intercytex and Spinal
» Restoration Inc. with TISSEEL at agreed upon pricing for use in their
» investigational treatments. Baxter would also obtain shares as part of the
» Spinal Restoration agreement.
»
» http://www.tradingmarkets.com/.site/news/BREAKING%20NEWS/565516/

If they need TISSEEL for ICX-PRO and ICX-SKN to work, I guess without it it’s not a hit!!!