Global nanotechnology company pSivida Limited has announced that it has signed an agreement with US based PureTech Development LLC to investigate and evaluate out-licensing opportunities for BioSilicon with an emphasis on tissue engineering, wound management and orthopedics.
Through a range of collaborative partnerships and internal R&D over the last four years, pSivida has developed the BioSilicon (nano-structured porous elemental silicon) technology platform in non-core areas such as tissue engineering, wound management and orthopedics to a point where it is in a position and in line with the Company’s broader commercialization strategy, to seek suitable partners in these specialist areas of healthcare.
pSivida has commissioned PureTech to explore with suitable partners, arrangements for evaluating the potential of BioSilicon in their areas of expertise and such partnerships would be expected to produce, in due course, revenue in the form of upfront and milestone payments as BioSilicon based products are developed and commercialized.
pSivida’s core focus remains the development and commercialization of BioSilicon for controlled release drug delivery.
PureTech Development is a Boston based organization with affiliates in key global life science markets providing transaction advisory services to leading life science companies. Its focus is in market entry strategic planning, R&D collaborations, in/out licensing agreements, distribution channel development, equity invesents and M&A. For more information visit www.puretechdevelopment.com
As a new and unique biomaterial BioSilicon exhibits many properties that make it an ideal material in which to develop products in these growing areas of healthcare: