Firm advances commercialization of Securegard sensible security syringe product line
via qualification applications with a serious medical machine firm
Manufacturing of prefilled syringe merchandise will start within the fourth quarter of 2023
to assist the co-manufacturing settlement with Nephron Prescribed drugs
NEW YORK, July 06, 2023 (GLOBE NEWSWIRE) — Sharps Know-how, Inc. (the “Firm”) (NASDAQ: “STSS” and “STSSW”), an revolutionary medical machine and drug supply Firm providing patented, best-in-class syringe merchandise, pronounces an replace on commercialization actions and is highlighted in Med Tech Outlook characteristic article.
Med Tech Outlook named Sharps Know-how, Inc. the “Prime Security Syringe Producer in 2023” and featured the Firm in a canopy article within the July version of the publication, which might be discovered HERE. The article, entitled “Sharps Know-how, Inc.: Modernizing Drug Supply with Novel Security Syringe System Improvements”, evaluations the Firm’s expertise choices, transformative partnership with Nephron Prescribed drugs, its subsequent technology polymer-based prefillable syringe methods, and technique ahead with commercialization. Sharps was privately based in 2017 with a imaginative and prescient to develop revolutionary drug supply expertise, and the Firm is now advancing its merchandise from analysis and growth to industrial gross sales which can be anticipated to launch in 2023.
Sharps has entered into an settlement with a serious medical machine firm that can start the qualification course of for its sensible security syringe expertise to assist drive industrial income in 2023. The settlement will start with 1ml and 3ml Securegard product line and shall be adopted by Sologard® vial-draw merchandise for bigger quantity drug functions. The Firm’s Securegard sensible security syringe platform will profit healthcare employees via a mix of lively security methods, offering ultra-low waste expertise with re-use prevention, and the power to cut back medical container waste. The settlement will enable for the chance to create secondary gross sales agreements with extra key hospital networks as a part of the qualification work.
In preparation for the commercialization of the Firm’s next-generation polymer-based prefilled syringe methods, Sharps will start manufacturing of the introductory merchandise within the fourth quarter of 2023. This work would be the first efforts to assist the co-manufacturing settlement between Sharps and Nephron on the prefilled syringe Inject-EZ operation in Columbia, South Carolina. Merchandise will embody 10ml and 50ml configurations designed to assist the 503B applications at Nephron in addition to the demand from different drug fill-finish firms. The 10ml and 50ml merchandise have particular options and benefits that can profit these pharmaceutical filling firms that produce merchandise in assist of the drug scarcity applications outlined by the FDA and U.S. authorities.
“As we advance our commercialization technique for Sharps’ specialty syringe methods, we’re at a pivotal time within the Firm’s historical past,” commented Robert Hayes, Sharps Know-how CEO. “We’re dedicated to launching our line of Securegard merchandise and commencing the manufacturing of next-generation polymer-based prefilled methods in 2023, which is able to remodel the Firm. The qualification course of is underway for Securegard at a big medical machine firm, and we look ahead to offering updates because the product advances via the affirmation course of. Sharps’ specialty polymer-based prefilled merchandise shall be manufactured within the U.S. at Nephron’s facility in Columbia, South Carolina. It’s a vital milestone for Sharps to have the power to have manufacturing capability within the U.S. that can produce prefilled syringes to assist each the healthcare business and the Firm’s progress.”
About Sharps Know-how
Sharps Know-how is a medical machine and pharmaceutical packaging firm specializing within the growth and manufacturing of revolutionary drug supply methods. The Firm’s product traces deal with low waste and ultra-low waste syringe applied sciences that incorporate each passive and lively security options. These options defend entrance line healthcare employees from life-threatening needle stick accidents and defend the general public from needle re-use. Sharps Know-how has in depth experience in specialised prefilled syringe methods and able to use processing. The Firm has a producing facility in Hungary and has partnered with Nephron Prescribed drugs to broaden its manufacturing capability within the U.S. For added info, please go to www.sharpstechnology.com.
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