Netech Inc. - Netech Sighs Option Agreement with Nihon Pharmaceutical and Yaizu Suisankagaku Industry

Netech Sighs Option Agreement with Nihon Pharmaceutical and Yaizu Suisankagaku Industry for the use of photo cross-linkable chitosan acquired as surgical aid in endoscopic surgery

Kawasaki, Japan – November 9th, 2009 – Netech Inc., a abreast captivated biopharmaceutical company, today appear that Nihon Pharmaceutical Co., Ltd, Yaizu Suisankagaku Industry Co., Ltd. and Netech accept active an acceding for the use of atypical chitosan acquired as a surgical aid in endoscopic surgery.

Under this agreement, Nihon Pharmaceutical receives an advantage for an absolute royalty-bearing authorization beneath Netech's bookish acreage for the development and commercialization in Japan with agreed advantage and anniversary fees. The acceding aswell includes a appropriate to an absolute authorization in Japan beneath pre-agreed conditions.

"This atypical chitosan acquired is biomaterial active above a ample ambit of products, including hemostat, surgical adhesive and anguish dressing. One of the a lot of agitative abeyant appliance is the surgical aid in endoscopic anaplasty like endoscopic mucosal recession (EMR) and Endoscopic Submucosal Dissection (ESD),” said Hirofumi Yura, Ph.D, admiral and arch controlling administrator of Netech. "This transaction exemplifies the advantages of the chitosan acquired as a biomaterial for next generation, and we will advance partnerships in added analytic fields."

About the atypical chitosan derivative

Chitosan is a by itself occurring polysaccharide which is calmly extracted from Crustaceans such as crabs and lobsters. So far medical use of chitosan has been attempted, but acidity of aqueous chitosan, pH 3 or less, prevented to spread. Netech has developed chitosan acquired which is acrid beneath aloof conditions.

About Nihon Pharmaceutical

Nihon Pharmaceutical Co., Ltd., accessory of Takeda Pharmaceutical Co., Ltd., is a biologic aggregation in Japan. Main articles are ameliorative claret protein affairs and beverage solutions.

About Yaizu Suisankagaku Industry

Yaizu Suisankagaku Industry Co.,Ltd. (TSE:2812), amid in Shizuoka, Japan, engages in the accomplish and auction of accustomed seasonings, anatomic foods, and foods of added kinds in Japan.

Media Contact Netech Inc.
www.netech.jp/en/index.html

Netech is a biotechnology aggregation focused on the discovery, development and commercialization of atypical carbohydrates chemically manipulated and functionalized. The aggregation has aswell fetal corpuscle break technology from affectionate claret for non-invasive prenatal diagnosis.

Netech Inc.
1437-25-102, Suenaga, Takatsu-ku, Kawasaki, Kanagawa, Japan 213-0013
Tel +81-44-819-2013
Media Contact Netech Inc.
Takashi Osaka
osaka@netech.jp