Navigation Links
Carrington and DaySpring Pharma Extend and Formalize Agreement for Distribution of Diabetic and Radiation Products Into Physician Market
Date:10/1/2007

- Five-year Agreement

- Guaranteed Purchase Requirements - Good Faith Negotiations for Contract Manufacturing of DaySpring Core

Products

- Value Projected To Range Between $4.4M-7M Over Five Years

IRVING, Texas, Oct. 1 /PRNewswire-FirstCall/ -- Carrington Laboratories, Inc. (Pink Sheets: CARN) (http://www.CarringtonLabs.com) today announced it has formalized its previously announced multi-year supply and distribution term sheet with DaySpring Pharma, LLC (http://www.dayspringpharma.com). The previous announcement included a two-year term; the final, formal agreement has been extended to five years.

Under the terms of this agreement, Carrington will supply multiple prescription products based on Carrington's flagship DiaB(TM) and Radia(TM) brands to DaySpring for distribution into the physician market. Carrington's DiaB(TM) and Radia(TM) products have been developed specifically for diabetic wound care and for patients undergoing radiation therapy. In exchange for guaranteed volumes of these prescription products, DaySpring will receive market protection in the physician market. All products will contain Carrington's Acemannan Hydrogel(TM). The parties will also enter into good faith negotiations for the manufacture and supply of other DaySpring products.

"We are excited about the formal partnership with DaySpring. This relationship provides the platform to take our leading brands that include Acemannan Hydrogel(TM) into other healthcare markets outside hospitals, nursing homes, and home healthcare facilities," stated Doug Golwas, vice president of corporate sales and marketing for Carrington. "These products are a natural extension for DaySpring's sales force and channels to market. DaySpring currently markets to prescription health care professionals throughout the United States. Its products BroveX(TM) and Lidocream(TM) are recognized by healthcare professionals and are used in a broad spectrum of treatments.

Dr. Wade Smith, CEO of DaySpring, said, "Carrington is known for its market leadership in advanced wound care in hospital settings. There is a tremendous market opportunity, with patients and physicians, to establish these brands as the standard in the treatment of wound and skin care within the diabetic and radiation therapy markets."

VelocityHealth Securities, Inc. served as the exclusive advisor to DaySpring in the transaction.

About Acemannan Hydrogel(TM)

Acemannan Hydrogel contains the highest level of polymeric acetylated mannans than any other commercially available product from Aloe vera L. It is used as the key ingredient in Carrington's products marketed in the pharmaceutical industry for wound healing and cessation of pain. Acemannan Hydrogel is currently being used in various prescription and non-prescription medical devices for the management of stomatitis, apthous ulcers, diabetic ulcers, first-through third-degree burns, surgical incision sites, and general wounds, cuts and lesions.

About DaySpring Pharma

DaySpring Pharma, LLC is a niche-focused, specialty pharmaceutical company focused on acquiring, developing and commercializing approved and late-stage branded products, with a particular focus on women's health care, pediatrics, and dermatology. While unique, these markets are the fastest-growing pharmaceutical sectors. Its focus includes therapeutic agents and products that exceed the needs of patients in these under-served markets. For more information, visit http://www.dayspringpharma.com.

About Carrington

Carrington Laboratories, Inc. is an ISO 9001-certified, research-based, biopharmaceutical and consumer products company currently utilizing naturally-occurring complex carbohydrates to manufacture and market products for mucositis, radiation dermatitis, wound and oral care, as well as to manufacture and market the nutraceutical raw material Manapol(R) and cosmetic raw material Hydrapol(TM). Carrington also manufactures and markets consumer products and manufactures quality products for other companies. Manufacturing operations comply with cGMP standards. DelSite Biotechnologies, a subsidiary of Carrington, is developing its proprietary GelSite(R) technology designed to provide controlled release of peptide and protein-based drugs. The GelVac(TM) formulation of GelSite is being funded by HHS and is being developed as a nasal powder delivery system for vaccines and therapeutics in particular the H5N1 Avian (Bird) Flu. Research on Carrington's technology is protected by more than 130 patents in 26 countries. Select products carry the CE mark, recognized by more than 20 countries around the world. For more information, visit http://www.carringtonlabs.com .

Certain statements in this release concerning Carrington may be forward- looking. Actual events will be dependent upon a number of factors and risks including, but not limited to: subsequent changes in plans by the Company's management; delays or problems in formulation, manufacturing, distribution, production and/or launch of new finished products; changes in the regulatory process; changes in market trends; and a number of other factors and risks described from time to time in the Company's filings with the Securities & Exchange Commission.


'/>"/>
SOURCE Carrington Laboratories, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related biology technology :

1. Analyzing Trace-Level Impurities of a Pharmaceutical Intermediate Using an LCQ Deca Ion Trap Mass Spectrometer and the Mass Frontier Software Package
2. Rapid SNP Genotyping of the Pharmacogenomically Important Allele CYP2D6*4 Using Real-Time qPCR on the DNA Engine Opticon 2 System
3. Development of a sensitive enzyme fragment complementation assay for cyclic adenosine 3, 5 monophosphate and its validation for pharmacological screening at G protein-coupled receptors
4. Practical Applications of HyperDSC in a Pharmaceutical Laboratory
5. World Class Life Science and Pharmaceutical Companies Leverage DoveBid s Global Reach for Asset Management and Disposition
6. Germantown drug company hires pharma veteran James Davidson as COO
7. Deltanoid Pharmaceuticals begins phase II osteoporosis study
8. New angel capital centered on GenTel agreement with big pharma
9. The deconstruction of Big Pharma
10. Big pharma seeks Wisconsin biotech partnerships
11. Doing the pharmaceutical tango
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/20/2017)... ... July 20, 2017 , ... ... of life, today announced its full advisory board. The board comprises leaders spanning ... of James Crooks, PhD, former VP of Engineering, to Chief Technology Officer. Crooks ...
(Date:7/20/2017)... ... July 20, 2017 , ... Crucial Data ... sites and study participants truly unified. TrialKit, a native mobile app, empowers investigators ... 11) research studies entirely on mobile devices. With TrialKit, clinical researchers can utilize ...
(Date:7/18/2017)... (PRWEB) , ... July 18, 2017 , ... Blood centers ... patients across the region. Nationally, summer is a struggle for community blood centers as ... the San Antonio Chamber of Commerce is teaming up with the ...
(Date:7/17/2017)... , ... July 17, 2017 ... ... technology-enabled clinical trial solutions, today announced safety software company AB Cube has ... eHealth Solutions business segment to advance technology innovation across life sciences and ...
Breaking Biology Technology:
(Date:3/29/2017)...  higi, the health IT company that operates the ... , today announced a Series B investment from ... The new investment and acquisition accelerates higi,s strategy to ... population health activities through the collection and workflow integration ... collects and secures data today on behalf of over ...
(Date:3/27/2017)... March 27, 2017  Catholic Health Services (CHS) ... Systems Society (HIMSS) Analytics for achieving Stage 6 ... sm . In addition, CHS previously earned a ... using an electronic medical record (EMR). ... level of EMR usage in an outpatient setting.  ...
(Date:3/24/2017)... Research and Markets has announced the addition ... Trends - Industry Forecast to 2025" report to their offering. ... The Global Biometric ... of around 15.1% over the next decade to reach approximately $1,580 ... market estimates and forecasts for all the given segments on global ...
Breaking Biology News(10 mins):