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Covalon Technologies Ltd V.COV

Alternate Symbol(s):  CVALF

Covalon Technologies Ltd. is a Canada-based patient-driven medical device company that provides healthcare solutions for advanced wound care, infection control, and medical device coatings. The Company's solutions are designed for patients and made for care providers. The Company leverages its patented medical technology platforms and expertise in two ways: by developing products that are sold under Covalon's name, and by developing and commercializing medical products for other medical companies under development and license contracts. The Company has three proprietary platform technologies that have the potential to be developed into a number of medical devices and products: Collagen matrix, Antimicrobial silicone adhesive and Medical coatings. Its product type includes advanced wound care, antimicrobial dressings, collagen dressings, IV dressings, and perioperative dressings. Its brands include ColActive PLUS, CovaClear, CovaView, CovaWound, IV Clear, SurgiClear, and VALGuard.


TSXV:COV - Post by User

Bullboard Posts
Post by zenvestingon Nov 30, 2015 10:53am
182 Views
Post# 24338250

Silvercoat being released into a strong market

Silvercoat being released into a strong marketGood news today, catheter associated urinary tract infections (CAUTIs) are one of the targeted Hospial Acquired Conditions (HAC) for Medicare penalties, so Covalon's Silvercoat Foley catheters are being released into a favorable market. In October 2014 the Medicare Hospital-Acquired Condition (HAC) Reduction Program began penalizing poor performing hospitals for their rates of three preventable conditions, for which Covalon (and it's partners) have already targeted with novel infection control products that are currently on the market. The three equally weighted categories: rates of Central Line-Associated Bloodstream Infections (CLABSIs), rates of Catheter-Associated Urinary Tract Infections (CAUTIs), and other "serious complications" which includes eight types of serious but preventable complications. The criteria will expand in 2015 to include Surgical Site Infections (SSIs) and in 2016 will expand to include incident rates of two antibiotic resistant bacteria: Clostridium difficile and Methicillin-resistant Staphylococcus aureus (MRSA) [1]. Covalon currently has both licensed products and Covalon branded products that are clinically proven to provide superior performance in addressing CLABSIs (IV Clear), CAUTIs (SilverCoat Foley Catheters [Medline Silvertouch Foley Catheters]), and SSIs (SurgiClear). (1) https://khn.org/news/patient-injuries-methodology/
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