Specialties Brief

15 March 1999 00:00  [Source: ICB Americas]

HYDROMER Inc. has acquired exclusive rights to new CR Bard Inc. lubricious coating technologies. Terms of the deal include an equity investment of $880,000 for 220,000 shares of Hydromer's common stock. The companies have also signed a license agreement and a license and supply agreement for exclusive rights to apply Hydromer Stay-Wet, Super-Slip and biostatic lubricious coatings to intermittent and foley catheters. The agreements run through May 2005, with options to extend at CR Bard's discretion. CR Bard has also secured option rights on future Hydromer coating developments useful for intermittent urinary and foley catheters.

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