Well tomorrow is the last day in January for 2012 anyway, will...

Well tomorrow is the last day in January for 2012 anyway, will we get some decent news. together with an update on BTM FOAM?





Update on PolyNovo’s US Partner Collaboration
Source Press Release
Company Calzada
Tags Milestone, Pre-clinical
Date January 04, 2012

• Feasibility study with major global medical device company completed;

• Final US$100,000 milestone payment received;

• Discussions continuing regarding future product development.

Calzada Ltd’s (CZD) wholly owned subsidiary PolyNovo has been working with a major US medical device company since December 2009. The group is an industry leader with a dominant market share in the field under review.

In January 2011, PolyNovo agreed to extend the feasibility study for a further twelve months in order for the group to progress animal trials aimed at testing product safety and efficacy. As part of this agreement the US group committed to pay a fee of US$400,000, in four equal milestone payments over the year. We are pleased to report that the final payment of US$100,000 has now been received.

Discussions between the US medical device company and PolyNovo are continuing. It is anticipated that Calzada will be in a position to release further information to the market regarding the future product development strategy by the end of January 2012.