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Kane Biotech Announces Publication of revyve® Wound Gel Article in the International Wound Journal
Globenewswire· 2026-02-20 12:25
Core Insights - Kane Biotech Inc. has published an article on its revyve Antimicrobial wound gel in the International Wound Journal, highlighting the gel's wound healing properties and antimicrobial activity [1][2] Group 1: Publication and Validation - The article titled "Wound Healing Property of a Novel Thermo-Reversible Wound Gel With Lasting Antimicrobial and Antibiofilm Activity" is authored by Dr. Jeyachchandran Visvalingam and includes contributions from the University of Miami [1] - The publication in a peer-reviewed journal underscores the scientific rigor of revyve technology and provides independent validation of the gel's safety and clinical potential [3] Group 2: Product Efficacy and Features - The revyve Antimicrobial Wound Gel demonstrates efficacy against a range of wound-related pathogens, achieving a 99.99% to 99.9999% reduction in bacterial counts within 30 minutes [7] - The gel exhibits sustained in vitro activity for up to 7 days, potentially reducing the frequency of dressing changes [7] - It is designed as a thermo-reversible gel that transitions from a liquid to a gel at body temperature, allowing for easy removal [7] Group 3: Company Overview - Kane Biotech is focused on developing novel wound care treatments that target biofilms, which contribute to antibiotic resistance and adverse clinical outcomes [4] - The revyve product line, including the Antimicrobial Wound Gel and Spray, has received U.S. FDA 510(k) clearance and Health Canada approval [4]
Kane Biotech Announces FDA 510(k) Clearance for revyve® Antimicrobial Skin and Wound Cleanser
Globenewswire· 2026-02-17 12:25
Core Insights - Kane Biotech Inc. has achieved significant regulatory milestones that enhance its wound care platform and commitment to high-quality medical device development [1] Regulatory Approvals - The company has received FDA 510(k) clearance for its revyve Antimicrobial Skin and Wound Cleanser, which is designed for the cleansing and moistening of various acute and chronic dermal lesions, including pressure ulcers and diabetic foot ulcers [2] - This clearance validates Kane's expanded revyve product line, which targets wound bacteria and biofilms, key factors in delayed healing and antibiotic resistance [2] Certification Expansion - Kane has expanded its ISO 13485:2016 certification under the Medical Device Single Audit Program (MDSAP) to include distribution and wound cleansers, building on existing certifications for nonsterile antimicrobial wound dressings [3] - This expansion aligns with the FDA's new Quality Management System Regulation (QMSR) effective February 2026, harmonizing U.S. requirements with ISO 13485 [3] Commitment to Quality - The expanded certification supports Kane's ability to pursue regulatory approvals across multiple jurisdictions and demonstrates its investment in quality systems and operational readiness [4] - The Chief Quality Officer emphasized that compliance with ISO 13485 and MDSAP enhances trust among healthcare providers and patients, ensuring alignment with evolving regulatory expectations [5]
Kane Biotech Announces Third Quarter 2025 Financial Results
Globenewswire· 2025-11-28 12:25
Core Insights - Kane Biotech Inc. reported its third quarter 2025 financial results, highlighting a significant decline in revenue compared to the same period in 2024, primarily due to the termination of an animal health manufacturing agreement and a US distribution agreement for its revyve product [7] Financial Performance - Total revenue for Q3 2025 was $8,499, a decrease from $1,282,698 in Q3 2024 [7] - Gross profit (loss) for Q3 2025 was $(5,128), compared to a gross profit of $558,754 in Q3 2024 [7] - Total operating expenses for Q3 2025 were $538,306, down from $1,170,064 in Q3 2024, attributed to staff reductions and lower compensation and business development costs [7] - Net loss for Q3 2025 was $(607,345), an improvement from a net loss of $(678,636) in Q3 2024 [7] - Cash as of September 30, 2025, was $939,062 [7] Clinical Developments - Kane Biotech is advancing its three-pillar strategy in wound care, with successful enrollment of 28 participants in its revyve Antimicrobial Wound Gel and Spray U.S. Case Series Studies, surpassing the target of 25 participants [2] - Clinical data presented at the Symposium on Advanced Wound Care (SAWC) Fall conference indicated promising results for revyve, with significant engagement from potential U.S. distributors [3] - New clinical data from The Diabetic Foot Conference (DFCon 2025) showed an average 97% area wound reduction in diabetic foot ulcers within four weeks and 100% wound closure in less than 12 weeks [4] - Pre-clinical data presented at the Southern Region Burn Conference demonstrated a six-log reduction in microbial load within 30 minutes using revyve, with sustained antibiofilm activity for at least seven days [5] Strategic Initiatives - The company plans to conduct further U.S.-based case series studies and report data at leading wound and burn care meetings [8] - Kane Biotech has submitted a 510(k) clearance application to the U.S. FDA for its revyve Antimicrobial Wound Cleanser and is working to establish a network of non-exclusive distributors and sales agents in the U.S. [9] - The Interim CEO emphasized the importance of the clinical data and distributor network in launching revyve in Canada and improving patient outcomes [10]
Sanuwave Announces Q3 FY2025 Financial Results
Globenewswire· 2025-11-07 11:00
Core Insights - Sanuwave Health, Inc. reported record revenues of $11.5 million for Q3 2025, marking a 22% increase from $9.4 million in Q3 2024, the highest quarterly revenues in the company's history [1][6][5] - The gross margin for Q3 2025 was 77.9%, up from 75.5% in Q3 2024 [1][6] - The company anticipates Q4 2025 revenues between $13 million and $14 million, projecting full-year revenues of $44 million to $45 million, representing a 35-39% increase compared to the full year 2024 [2][7] Financial Performance - Q3 2025 operating income was $1.5 million, down from $2.0 million in Q3 2024, with stock-based compensation costs of $1.4 million included in Q3 2025 [2][6] - Net income for Q3 2025 was $10.3 million, a significant recovery from a net loss of $20.7 million in Q3 2024, primarily due to a non-cash gain of $6.1 million from the change in fair value of derivative liabilities [6][25] - Adjusted EBITDA for Q3 2025 was $3.5 million, compared to $2.1 million for the same period last year [6][25] Sales and Market Dynamics - The company sold 155 UltraMist® systems in Q3 2025, an all-time quarterly record, compared to 124 in Q3 2024 [5][6] - UltraMist® consumables revenue increased by 26% to $6.8 million in Q3 2025, representing 99% of Sanuwave's overall revenues [6][5] - Despite industry headwinds related to proposed reimbursement changes, Sanuwave's sales pipeline remains robust, with increased inbound interest from customers and distribution partners [5][6] Industry Context - The CEO noted that the industry experienced a cautious approach due to uncertainty regarding reimbursement changes, but the final rule for 2026 Medicare physician fees provided some clarity, which is expected to positively influence market adaptation [5][6] - The company is focused on the research, development, and commercialization of non-invasive medical systems for wound care and regenerative medicine [9][10]
Kane Biotech Presents revyve® Data at Diabetic Foot and Southern Region Burn Conferences
Globenewswire· 2025-11-04 12:25
Core Insights - Kane Biotech Inc. announced new clinical and pre-clinical data showcasing the effectiveness of its FDA-cleared revyve Antimicrobial Wound Gel and revyve Wound Gel Spray in diabetic foot ulcer healing and burn wound infection control [1] Clinical Data: Outperforming the Standard of Care - At the Diabetic Foot Conference 2025, data presented indicated that revyve achieved healing outcomes surpassing the current standard of care for diabetic foot ulcers, with an average percent area reduction (PAR) of 97% in 4 weeks compared to the 40-50% benchmark [2][7] - Complete wound closure was achieved in all cases within 8-12 weeks across a multi-center series [7] - The gel effectively managed bacterial loads, aiding patients with conditions such as Peripheral Arterial Disease and elevated A1c levels [3] Rapid Antimicrobial Efficacy in Burn Care - At the Southern Region Burn Conference, pre-clinical data showed a 99.99% to 99.9999% reduction in burn-associated pathogens within 30 minutes of application, with sustained antibiofilm activity for a minimum of 7 days [4][8] - The product's ability to achieve up to a six-log reduction in microbial load within minutes represents a significant advancement in burn wound management [8] Company Strategy and Future Outlook - These findings are part of Kane's three-pillar strategy aimed at significantly impacting wound care in the United States, emphasizing the potential of revyve's antibiofilm and antimicrobial technology to transform wound healing outcomes [8] - Kane Biotech is focused on developing novel wound care treatments that disrupt biofilms, which are major contributors to antibiotic resistance in wounds [11]
Kane Biotech Completes U.S. FDA 510(k) Submission for revyve® Antimicrobial Wound Cleanser
Globenewswire· 2025-09-16 21:05
Core Insights - Kane Biotech Inc. has completed a U.S. FDA 510(k) clearance submission for its revyve Antimicrobial Wound Cleanser, marking a significant step in its product development [1][2] Product Development - The revyve Antimicrobial Wound Cleanser is the third product in the revyve line, complementing the existing revyve Antimicrobial Wound Gel and Antimicrobial Wound Gel Spray [2] - This new product aims to enhance routine wound management by providing irrigation to cleanse both acute and chronic wounds, thereby reducing bacterial load and removing debris [2] Market Opportunity - The annual U.S. market size for wound cleansers surpassed $200 million USD in 2024, indicating a substantial market opportunity for Kane Biotech's new product [3]
Kane Biotech Showcases revyve™ Preclinical and Clinical Case Study Findings at North American Wound Care Conferences
Globenewswire· 2025-07-30 12:00
Core Insights - Kane Biotech Inc. presented novel preclinical data and clinical case observations at major North American wound care conferences, showcasing the potential of its product revyve in wound care [1][2][3] Preclinical Data - In vitro studies demonstrated revyve's effectiveness in inhibiting key proteases, achieving over 80% reduction in matrix metalloproteinases (MMPs) activity, 82% reduction in elastase activity, and complete inhibition of collagenase and TACE [6][7] - Chronic wounds may exhibit TNF-α levels that exceed those in acute wounds by up to 100-fold, highlighting the need for effective treatments [2] Clinical Observations - Clinical case series indicated significant improvements in chronic wound patients using revyve, with clinically meaningful reductions in wound size and pain over a period of 6 to 12 weeks [6] - Specific cases reported include a 60% reduction in wound size over two months for a venous leg ulcer and complete pain elimination in a painful pressure wound [8] Conference Engagement - Kane Biotech engaged healthcare professionals at the NSWOCC and SAWC conferences, providing educational materials and product demonstrations of revyve [5][9] - The presentations aimed to reinforce the company's innovation in wound care and demonstrate the clinical value and commercial potential of revyve [9] Product Overview - Revyve is designed to address biofilms and wound bacteria, which are significant contributors to antibiotic resistance in wounds, potentially leading to serious clinical outcomes and high costs [9]
MIMEDX Announces Strategic Collaboration with Vaporox, Inc.
Globenewswire· 2025-07-30 12:00
Core Insights - MiMedx Group, Inc. and Vaporox, Inc. have announced a collaboration for co-promotion and co-marketing of their wound care products, with MiMedx making an investment in Vaporox and obtaining exclusivity rights for potential acquisition discussions [1][2][3] Company Overview - MiMedx is a leader in wound care, focusing on chronic and hard-to-heal wounds, with a vision to be the leading global provider of healing solutions through innovation [5] - Vaporox has developed the Vaporous Hyperoxia Therapy device, which combines ultrasonic mist and concentrated oxygen to treat chronic wounds, receiving FDA clearance for nine types of wounds [2][4] Strategic Goals - The collaboration aims to diversify MiMedx's portfolio and enhance treatment options for clinicians dealing with chronic wounds, leveraging Vaporox's technology alongside MiMedx's placental allografts [3] - Vaporox anticipates that the partnership with MiMedx will accelerate market penetration and create a synergistic offering to reach more patients [3] Clinical Efficacy - Vaporox's VHT has shown wound healing rates exceeding 80% at 20 weeks in clinical studies when used with standard wound care, indicating strong efficacy [3]