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Cardium Therapeutics, Inc. (CXM) Signs Distribution Agreement With Kasiak To Reach Germany And Switzerland

|Includes: Cardium Therapeutics, Inc (CXM)

Today before the opening bell, Cardium Therapeutics announced that it has entered into a distribution agreement with Kasiak Holdings AG for the marketing and sale of Excellagen® advanced wound care product in Germany and Switzerland. Kasiak Holdings is affiliated with Kasiak Research, an operating unit of India-based Bharat Serums and Vaccines that develops and manufactures specialized biological, pharmaceutical, and biotechnology products.

Cardium's FDA-cleared Excellagen is an aseptically-manufactured collagen homogenate that can promote chemotaxis, cellular adhesion, migration, and proliferation to stimulate tissue formation. Excellagen represents a new product delivery platform that allows for the potential development of a portfolio of advanced tissue regeneration therapeutic opportunities that could include anti-infectives, antibiotics, peptides, proteins, small molecules, DNA, stem cells, differentiated cells, and conditioned cell media.

In several Excellagen case studies, physicians reported a rapid onset of the growth of granulation tissue in a wide array of wounds, including non-healing diabetic foot ulcers (consistent with the results of Cardium's Matrix clinical study), as well as pressure ulcers, venous ulcers, and Mohs surgical wounds. In certain cases, rapid granulation tissue growth and wound closure have been achieved with Excellagen following unsuccessful treatment with other advanced wound care approaches.

For more information about Cardium and Excellagen, visit cardiumthx.com

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