Alliqua to Launch Biovance(R) Human Amniotic Membrane Allograft Product
Licensed From Celgene
Biovance Data Will Also Be Presented at Spring 2014 Symposium on Advanced
Wound Care in Orlando
LANGHORNE, Pa., April 23, 2014 (GLOBE NEWSWIRE) -- Alliqua, Inc. (Nasdaq:ALQA)
("Alliqua" or "the Company"), a provider of advanced wound care products, will
launch its Biovance^® human amniotic membrane allograft product at Booth #1208
at the Spring 2014 Symposium on Advanced Wound Care to be held at the Gaylord
Palms Hotel and Convention Center in Orlando, Florida on April 23-27.
Biovance was originally developed by, and is currently being manufactured
through a supply agreement with, Celgene Cellular Therapeutics ("CCT"), a
subsidiary of Celgene Corporation, to assist wound care specialists,
physicians and nurses, as well as vascular, plastic and general surgeons, in
the treatment of a wide variety of complex, acute, chronic, recalcitrant, full
and partial thickness wound types.
With the right to develop and market Biovance, Alliqua has entered into one of
the fastest-growing areas of wound care, which involves regenerative medicine.
Alliqua will commence sales of Biovance immediately following the Symposium
via its team of direct sales representatives.
Additionally, Terry Treadwell, MD and Donna Walker, LPN (Institute for
Advanced Wound Care, Montgomery, AL) have authored a poster that will be on
display during SAWC (CR_049) titled "Treatment of Second Degree Burns with
Dehydrated, Decellularized Amniotic Membrane (Biovance) versus a
Nanocrystalline Silver Dressing." The poster reviews time to healing and
visual cosmetic appearance of the burn scar with Biovance compared to silver
dressing in patients with second-degree burns.
Perry Karsen, CEO of Celgene Cellular Therapeutics, remarked, "We have great
confidence in Alliqua and its management team in bringing Biovance to patients
throughout the United States."
On April 14, 2014, Celgene invested $5,000,000 in Alliqua as part of the
Company's previously announced private placement that resulted in gross
proceeds to the Company of $15 million.
David Johnson, CEO of Alliqua, said, "The SAWC meeting is the ideal venue at
which to launch our Biovance product and to convey its natural benefits to the
wound care community. The launch of Biovance marks a major milestone for
Alliqua, representing a key application of regenerative medicine for advanced
wound care and an important addition to Alliqua's wound care portfolio. We are
confident that wound care specialists and their patients will be impressed
with the value this human amniotic membrane allograft brings to their wound
The Symposium on Advanced Wound Care is the largest annual gathering of wound
care clinicians in the U.S. It provides clinical education and information to
physicians, podiatrists, nurses, physical therapists and allied health
professionals dedicated to the advancement of wound care and healing. For more
information, visit http://www.sawc.net/spring/.
About Alliqua, Inc.
Alliqua is a provider of advanced wound care solutions. Through its extensive
sales and distribution network, together with its proprietary products,
Alliqua provides a suite of technological solutions to enhance the wound care
practitioner's ability to deal with the challenges of healing both chronic and
In addition, Alliqua can provide a custom manufacturing solution to partners
in the medical device and cosmetics industry, utilizing its proprietary
hydrogel technology. Alliqua currently markets its line of hydrogel products
for wound care under the SilverSeal^(R) and Hydress^(R) brands, as well as the
sorbion sachet S^(R) and sorbion sana^(R) wound care products. It also has the
right to develop and market the advanced wound care products Biovance^(R) and
Extracellular Matrix (ECM), as part of its agreement with Celgene Cellular
Therapeutics. Alliqua's electron beam production process, located at its
16,000 square foot GMP manufacturing facility in Langhorne, PA, allows Alliqua
to develop and custom manufacture a wide variety of hydrogels. Alliqua's
hydrogels can be customized for various transdermal applications to address
market opportunities in the treatment of wounds as well as the delivery of
numerous drugs or other agents for pharmaceutical and cosmetic industries.
For additional information, please visit http://www.alliqua.com. To receive
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attained by us to-date have not been evaluated by the Food and Drug
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CONTACT: Alliqua, Inc.
Brian M. Posner, +1-215-702-8550
Chief Financial Officer
Dian Griesel Int'l.
Cheryl Schneider, +1-212-825-3210
Dian Griesel Int'l.
Susan Forman or Laura Radocaj, +1-212-825-3210
Alliqua, Inc. logo
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