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.
Carrington Laboratories, Inc. is an ISO 9001-certified, research-based,
biopharmaceutical and consumer products company currently utilizing
|SOURCE Carrington Laboratories, Inc.|
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