By Business Wirevia The Motley Fool
Filed under: Investing
TriStar Wellness Solutions Signs Exclusive Global Licensing Agreement With Argentum Medical’s Silverlon ® Technology for OTC Wound Care Market
Technology to be Combined With TriStar’s Existing Wound Care Solutions Under Development
WESTPORT, Conn.–(BUSINESS WIRE)– TriStar Wellness Solutions, Inc. (OTCQB: TWSI), a consumer health and wellness company that targets opportunities in the self-care and quality of life marketplace, has signed an exclusive, 15-year licensing agreement with Argentum Medical, LLC for its Silverlon® technology for the over-the-counter (“OTC“) wound care market.
The licensing agreement enables TriStar Wellness Solutions to develop, market and sell OTC wound care products based on Silverlon’s proprietary silver coating technology, which provides superior performance for wound treatment. The technology, with its permanently plated metallic surface, reduces the occurrence of surgical site infections. Further terms of the agreement are included in TriStar Wellness Solutions’ 8-K which was filed with the Securities and Exchange Commission on March 14, 2013.
“We expect Silverlon’s patented technology to complement the OTC wound care solutions that we are currently developing,” said John Linderman, President and CEO of TriStar Wellness Solutions. “Stopping the bleeding, protecting the wound and preventing the wound from increasing in size are all important elements of an effective wound care product, and all are characteristics of our newly licensed technology.
“TriStar Wellness Solutions’ first wound care product addresses the nuisance bleeding portion of the market, and is in an area we believe has the potential for significant growth, targeting the unmet needs of approximately 50 million Americans. We intend to capitalize on Silverlon’s technology, develop new products, and use our marketing expertise to bring these products to market, adding to our growing portfolio of brands,” concluded Mr. Linderman.
TriStar Wellness Solutions recently acquired the Beauté de Maman™ brand of women’s health products, a company that sells products into the underserved market for pregnant and new mothers. The company’s three-phased growth strategy includes incubating and commercializing its foundational product portfolio, scaling that portfolio and expanding segment extensions via targeted brand acquisitions and then leveraging its total portfolio through major corporate acquisitions and potential joint ventures. Its core strategy aligns with the growing demand for simple, effective self-care solutions for a broad range of consumer conditions and disease states.
About TriStar Wellness Solutions
TriStar Wellness Solutions, Inc. (TWSI) is a consumer health and wellness company that targets under met consumer opportunities in …read more
Source: FULL ARTICLE at DailyFinance