NexGelRx Receives Additional Investment from Eric Gruntfest of Diesis Holdings, LLC and Appoints Him as Board Observer and Strategic Advisor

Core Insights - NEXGEL, Inc. has announced a strategic investment in its spin-off NexGelRx from Eric Gruntfest and Ariel Imas of Diesis Holdings, LLC, which will enhance its drug delivery application assets [1] - Mr. Gruntfest has been appointed as a board observer and advisor for NexGelRx, bringing over 20 years of experience in reimbursement strategy and healthcare commercialization [2] - The CEO of NexGelRx, Richard Myers, expressed confidence that Mr. Gruntfest's insights will provide a new perspective and strengthen the company's stakeholder base [3] Company Overview - NEXGEL is a provider of healthcare, beauty, and over-the-counter products, specializing in ultra-gentle, high-water-content hydrogel products for various applications [3] - The company has been developing and manufacturing electron-beam, cross-linked hydrogels for over two decades and has established brands such as SilverSeal, Hexagels, Turfguard, Kenkoderm, and Silly George [3] - NEXGEL maintains strategic contract manufacturing relationships with leading consumer healthcare companies, positioning itself strongly in the market [3]