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Derma Sciences Obtains Exclusive Worldwide Rights to MEDIHONEY(R)
Date:12/22/2009

PRINCETON, N.J., Dec. 22 /PRNewswire-FirstCall/ -- Derma Sciences, Inc. (OTC Bulletin Board: DSCI), a specialty medical device and pharmaceutical company focused on advanced wound care, today announced that it has completed a comprehensive Heads of Agreement with Comvita New Zealand Ltd. (Comvita) of Paengaroa, New Zealand, covering the worldwide licensing rights for MEDIHONEY® professional wound care and skin care products.

The agreement effectively triples the potential market for Derma Sciences' MEDIHONEY® products. The company currently has North & South America rights only, representing about one-third of the total market, and the agreement would give Derma Sciences rights to the remaining 67%. Comvita controls approximately 75% of worldwide Leptospermum (manuka) honey production and are the owner of key intellectual property and patents concerning the use of honey in medical dressings.

The Heads of Agreement calls for the following:

  1. Derma Sciences to have exclusive worldwide rights to manufacture and sell the full range of MEDIHONEY® wound care and skin care products to the professional and medical market worldwide.
  2. Derma Sciences to manufacture the range of MEDIHONEY® products for Comvita to sell to OTC customers.
  3. Comvita to supply medical-grade manuka honey to Derma Sciences.
  4. Derma Sciences to have all IP rights to MEDIHONEY®, including patents involving dressings composed of more than 50% manuka honey.
  5. A joint Research & Development cooperation agreement between Derma Sciences and Comvita.

The agreement also states that Comvita CEO Brett Hewlett will join Derma Science's Board of Directors.


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SOURCE Derma Sciences, Inc.
Copyright©2009 PR Newswire.
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