STOCKHOLM, April 8, 2022 /PRNewswire/ -- Bactiguard today
entered an agreement to initiate a global development partnership
with Dentsply Sirona in the dental field, a new application area
for the Bactiguard technology.
The initial development phase, which is expected to last
approximately one year, can generate USD 0.9
million in development and milestone related revenues for
Bactiguard. Thereafter, the partnership can evolve into a license
agreement, with conditional milestone-related payments of
USD1.1 million linked to regulatory
approvals. In line with Bactiguard's current licensing agreements,
the agreement with Dentsply Sirona would also generate royalties on
sales revenue following commercialization.
"We are very excited and proud of the collaboration with a
champion in the dental field. About a month ago we expanded our
license partnership in orthopedics and we are already entering the
dental field, another of our six focus areas", says Anders
Göransson, CEO.
"The new deal is a gateway to the growing dental market, and we
are confident that Bactiguard's unique technology will create great
added value. Given that the dental market is of great strategic
interest to us, we already have other types of products in the
pipeline that will contribute to increased patient safety and
better infection prevention", says Carl
Johan Fredin, Chief Licensing Officer.
The development agreement initially addresses a segment of the
dental treatment market that according to Clarivate, Millennium
Research Group inc was valued at 1.2 billion
USD in 2020.
This information is information that Bactiguard Holding AB
(publ) is obliged to make public pursuant to the EU Market Abuse
Regulation. The information was submitted for publication, through
the agency of the contact person set out below 2022-04-08, at
15.58.
For more information, please contact:
Carl Johan Fredin, Chief Licensing
Office, phone +46 73 525 72 26
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220408 Bactiguard
enters development partnership in the dental field
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