Announces License and Technology Transfer Agreement with
Tyco Healthcare Group, LP
Patented Enteral Pump System for Enteral Nutrition.
Lausanne, Switzerland, June 6, 2001 - Debiotech,
S.A., a privately held Swiss medical device company, announced today
that it has entered into a long term agreement with Tyco Healthcare.
Under this Agreement, Tyco acquired worldwide exclusive rights to
manufacture and market an enteral pump system and related disposable
cassette from Debiotech, which provide safe and cost-effective nutrition
therapy in both alternate site and home care settings. The agreement
is based on milestone payments and royalties to Debiotech.
The Enteral Pump system is part of Debiotech's advanced drug delivery
systems designed to meet the growing market need for improved administration
systems, particularly in areas such as the home care environment,
alternate site, and for pediatric use.
Dr. Frédéric Neftel, CEO, Debiotech, stated, "We
are delighted to combine our efforts with Tyco Healthcare Group
towards improving the quality of life of patients in the field of
Enteral Nutrition therapy. The collaboration created with Tyco is
an ideal step toward the global success of products which have been
conceived based on end-user requirements and the need for improved
safety and efficacy to respond to always more sophisticated nutrition
therapy requirements. Tyco is, with no doubt, in the best position
to market and sell the products we have conceived in the field of
Debiotech S.A. specializes in the research and development of
innovative medical devices in the field of nutrition therapy, electronic
infusion systems, drug reconstitution and syringes, flow control,
dialysis, diagnostics, implantable drug delivery systems and micro-systems
for insulin and peptide drug delivery. http://www.debiotech.com.
ABOUT TYCO HEALTHCARE
Tyco Healthcare is one of the major business units of Tyco International
Ltd. Tyco Healthcare is the world's second largest manufacturer,
distributor and servicer of medical devices and disposable medical
products; the world's leader in bulk analgesic pharmaceuticals;
and a global leader in respiratory care, wound care, surgical instrumentation,
adult incontinence and imaging products. Tyco Healthcare's brand
names include Kendall, United States Surgical, Auto Suture, Sherwood,
Davis & Geck, Valleylab, Radionics, Graphic Controls, Surgical
Dynamics, Shiley, Nellcor, Puritan-Bennett, and Mallinckrodt.
/CONTACT: Brigitte Neftel , Director, Public Relations of Debiotech
SA, 41-21-623 6000, or Maryanne Kane, Chief Communications Officer
of Tyco International, US, Inc., 508-747-0800