NESS ZIONA, Israel, November 8,
2016 /PRNewswire/ --
CollPlant Ltd. (TASE: CLPT), a regenerative medicine company utilizing its proprietary plant-based recombinant
human collagen (rhCollagen) technology for tissue repair products, today announced that it has signed an exclusive distribution
agreement with Arthrex for Vergenix™STR for the treatment of tendinopathy. Under terms of the agreement, beginning December 1, 2016, Arthrex will serve as the exclusive distributor of CE Marked Vergenix™STR in Europe, the Middle-East, India and certain
African countries. The agreement includes common commercial terms and the first order is expected to be supplied next month.
Yehiel Tal, Chief Executive Officer of CollPlant, stated, "We are honored to have solidified
this relationship with Arthrex, a worldwide leader in the orthopedic space. With a well established reputation and global
footprint, Arthrex is the perfect partner for Vergenix™STR, which has shown to provide superior tendinopathy healing
characteristics versus published results from steroid treatments, currently regarded as the standard of care."
"We are extremely pleased to partner with CollPlant for the distribution of the company's novel, Vergenix™STR treatment for
tendinopathy," noted Stefan Krupp, Managing Director of Arthrex GmbH. "We consider CollPlant's
rhCollagen-based technology to be revolutionary, and believe that, over time, our collaboration with CollPlant will expand to
additional therapeutic areas."
About Arthrex
Arthrex is a leading medical orthopedic products company. The company operates throughout the world and has
developed over 10,000 products and medical procedures. Arthrex's corporate headquarters is located in Southwest Florida. Additional locations include a global division in Munich,
Germany as well as several subsidiaries and distribution centers throughout, among others, Europe - Middle East - Africa (EMEA). Also
see the following Arthrex website: https://www.arthrex.com/corporate/aboutus
About Vergenix™STR
Vergenix™STR is primarily made of crosslinked recombinant human collagen (rhCollagen) and is intended to be
combined with platelet-rich plasma (PRP), a concentrated blood plasma derived from the patient's own blood that contains high
levels of platelets, which are critical to the healing process. Platelets contain growth factors which are responsible for
stimulating tissue generation and repair, including soft tissue repair, bone regeneration, development of new blood vessels, and
stimulation of the healing process. Upon administration, CollPlant's Vergenix™STR serves as a scaffold to support cell
adhesion and proliferation involved in tendon healing, while maintaining growth factor-containing PRP in the vicinity of the
injury. After injection into the affected area, the product forms a viscous gel matrix, holding the platelet concentrate in
place. The formed matrix then has the ability to release growth factors in a controlled manner and with controlled biodegradation
time, thereby enabling optimal healing.
About CollPlant
CollPlant is a regenerative medicine company leveraging its proprietary, plant-based recombinant human collagen (rhCollagen)
technology for the development and commercialization of tissue repair products, initially for the orthobiologics and advanced
wound care markets. The Company's cutting-edge technology is designed to generate and process proprietary rhCollagen, among other
patent-protected recombinant proteins. Given that CollPlant's rhCollagen is identical to the type I collagen produced by the
human body, it offers significant advantages compared to currently marketed tissue-derived collagen, including improved
biofunctionality, superior homogeneity and reduced risk of immune response. The Company's broad development pipeline includes
biomaterials indicated for orthopedics and advanced wound healing. Lead products include: Vergenix™STR (Soft Tissue
Repair Matrix), for the treatment of tendinopathy; Vergenix™FG (Flowable Gel) wound filler, for treatment of acute and
chronic wounds, and a surgical matrix that we co-develop with Bioventus llc., for use in spinal fusion procedures and trauma.
CollPlant's business strategy includes proprietary development and manufacture of tissue repair products and their
commercialization and distribution, together with leading third parties, alongside alliances with leading companies for joint
development, manufacture and marketing of additional products.
For more information about CollPlant, visit http://www.collplant.com
Contact at CollPlant:
Eran Rotem
Chief Financial Officer
Tel: + 972-73-2325600/612
Email: Eran@collplant.com
Contact at Rx Communications Group, LLC
Paula Schwartz (for US Investors)
Managing Director
Tel: +917-322-2216
Email: pschwartz@RxIR.com
SOURCE CollPlant Ltd