3M Health Care today announced a licensing agreement with ClozeX Medical LLC, a provider of unique skin closure devices to treat lacerations and close surgical incisions. The agreement gives 3M exclusive worldwide rights for the manufacturing and distribution of ClozeX Wound Closures.
The license agreement builds on 3M Health Care's reputation and global presence in surgical and wound care products. "Adding the ClozeX family of products to 3M Health Care's existing wound closure portfolio provides a time-saving option to surgeons and other medical specialists for painless, needleless closure of surgical incisions and lacerations," said Dr. J. Michael McQuade, division vice president, 3M Medical Division. "The licensing agreement allows us to combine innovative ClozeX technology with 3M's expertise in wound care to deliver easy-to-use, skin-friendly solutions to surgeons and clinicians."
A variety of surgeons and physicians in different medical specialties currently use ClozeX Wound Closures in surgery. These include plastic and reconstruction, cardiothoracic, vascular, OB-GYN, general surgery, orthopedics, dermatology and emergency medicine. Response has been positive to the time savings, ease of use and cosmetic benefits.
ClozeX Medical LLC of Wellesley, Mass., is a privately-held company developing innovative wound closure products for over eight years. Michael Lebner, the company's founder and president said, "We believe ClozeX is the next generation of primary skin closures. Our company's efforts have been rewarded with a transaction that merges our unique and superior technology with 3M Health Care's market leadership to improve wound closure for millions worldwide."
3M Health Care, one of 3M's six major business segments, provides world-class innovative products and services to help health care professionals improve the practice and delivery of patient care. 3M will continue to grow its vibrant Health Care businesses globally serving multiple market segments. Key brands from the 3M Medical Division include: Steri-Strip, Precise, Tegaderm, Red Dot, Littmann, Micropore, Attest and Ioban.
About 3M - A Global, Diversified Technology Company
Every day, 3M people find new ways to make amazing things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers in more than 200 countries around the world, the company's 69,000 people use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation.
Steri-Strip, Precise, Tegaderm, Red Dot, Littmann, Micropore, Attest, Ioban, Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command, Vikuiti and now ClozeX are trademarks of 3M.
3M, St. PaulMedia Contact:Donna Fleming, 651-736-7646orInvestor Contacts:Mark Colin, 651-733-8206orBruce Jermeland, 651-733-1807