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news.Hydromer has entered into a two-year, self-renewing supply and support agreement with an undisclosed medical device company.
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Under the terms of this non-exclusive agreement, Hydromer will supply its proprietary and patented Hydromer hydrophilic coatings for use on various Pebax plastic neurovascular and cardiovascular catheters. This Hydromer coating system becomes slippery when made wet, improving the ease of catheter placement and removal by the physician during complicated procedures within the patient’s vascular system.
Martin von Dyck, executive vice president of Hydromer, said: “In addition to a one-time upfront payment, this agreement will provide a quarterly source of royalty revenue.”