Nicast announces plans to launch NovaMesh Intra-abdominal hernia mesh in Europe in 2010

9 December 2009

Israeli company Nicast, developer of medical devices made of electrospun nanofabric, has announced it is readying to launch the NovaMesh intra-abdominal hernia mesh in the European market in Q1 2010, pending European regulatory approval.

NovaMesh is the first intra-abdominal hernia mesh to utilize the special properties of electrospun nanofabric.

“In preclinical animal studies, NovaMesh has demonstrated excellent resistance to adhesions on the organ facing surface followed by regrowth of the peritoneum, strong tissue integration on the abdominal facing surface, and minimal mesh shrinkage,” stated Nicast CEO Benjamin Eliason. The findings of the preclinical study of the NovaMesh will be announced following the receipt of the final study report.

AVflo is a self-sealing vascular access graft that enables unobstructed blood flow, allows for dialysis within 24-48 hours after implantation and self-seals within less than five minutes following withdrawal of the dialysis needles. The AVflo received CE certification in October 2008. The Company plans to introduce the improved version of the AVflo vascular access graft to the European market in the first quarter of 2010.

“Nicast is strengthening its production capabilities in order to meet the anticipated market demand for both the NovaMesh and the improved AVflo. We continue to actively build our distribution base noting the high enthusiasm emerging from our discussions with distributors throughout Europe. We are looking forward to speaking with additional potential partners at Medica,” said Mr. Eliason.