Company Overview - NEXGEL, Inc. is a leading provider of ultra-gentle, high-water-content hydrogel products for healthcare and consumer applications, based in Langhorne, Pennsylvania [1][3] - The company has developed and manufactured electron-beam, cross-linked hydrogels for over two decades and offers brands such as SilverSeal, Hexagels, Turfguard, Kenkoderm, and Silly George [3] Partnership Expansion - NEXGEL announced an expansion of its partnership with STADA Arzneimittel AG, a European leader in consumer health, which includes the planned launch of digestive enzyme formulas and solutions targeting scars and stretch marks [1][2] - As part of the agreement, STADA will provide $1 million in non-dilutive capital to support NEXGEL's product launches and marketing efforts [2] Financial Performance of STADA - In the financial year 2024, STADA achieved group sales of €4,059 million and adjusted constant-currency earnings before interest, taxes, depreciation, and amortization (adj. cc EBITDA) of €886 million [2] - STADA operates globally, selling products in over 100 countries and employing 11,649 people as of December 31, 2024 [2]