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STOCKHOLM, April 8, 2022 /PRNewswire/ — Bactiguard today entered into an agreement to initiate a global development partnership with Dentsply Sirona in the dental field, a new application area for Bactiguard technology.
The initial development phase, which should last about a year, can generate $0.9 million in development and milestone revenue for Bactiguard. Subsequently, the partnership can evolve into a license agreement, with conditional payments linked to the stages of $1.1 million related to regulatory approvals. Under Bactiguard’s current license agreements, the agreement with Dentsply Sirona would also generate post-marketing royalties.
“We are very excited and proud to be working 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 areas of intervention,” says Anders Göransson, CEO.
“The new agreement is a gateway into the growing dental market, and we are convinced that Bactiguard’s unique technology will create great added value. Since the dental market is of great strategic interest to us, we have already have other types of products in development that will help increase patient safety and better prevent infections,” says Carl Johan FredinLicensing Manager.
The development agreement initially targets a segment of the dental treatment market which, according to Clarivate, Millennium Research Group Inc., was valued at $1.2 billion in 2020.
This information is information that Bactiguard Holding AB (publ) is required to make public in accordance with the European Market Abuse Regulation. The information has been submitted for publication, through the contact person listed below 2022-04-08, 3:58 p.m.
For more information please contact:
Carl Johan FredinMain Licensing Office, phone +46 73 525 72 26
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SOURCE Bactiguard Holding AB (publ)