PetVivo Holdings, Inc., a growing biomedical device firm, has announced the receipt of an initial regulatory assessment for their proprietary Biomatrix Particulate Technology from a Contract Research Organization. This technology promises to revolutionize treatments in both animal and human healthcare sectors.
A Step Closer to the Commercialization of Cutting-edge Medical Devices
The preliminary regulatory assessment paves the way for the approval of diverse indications for the Biomatrix Particulate Technology. The applications range from dermal fillers to tendon and ligament repair, intraarticular injectable devices, urinary incontinence bulking agents, and dental soft tissue augmentation biomaterials. This milestone aligns with PetVivo’s goal to enhance patient lives, both human and animal, through innovative medical solutions.
SPRYNG™: PetVivo’s Pioneer Biomatrix Particulate Technology Product
SPRYNG™ with OsteoCushion™ Technology, the first product to implement the Biomatrix Particulate Technology, has proven successful in treating various joint-related afflictions in animals. The SPRYNG microparticles, sterilized extracellular matrix particles, function as micro-cushions in the joint, helping manage conditions like osteoarthritis and lameness.
Expansion into Human Health Sector
Following the demonstrated success of SPRYNG in treating a multitude of companion animals and horses, PetVivo is eager to expedite the regulatory process for its human products. As PetVivo’s CEO John Lai stated, “We are looking forward to moving one or more products through the regulatory process as quickly as possible so that we can begin commercialization in a number of very large market sectors.”
Upcoming Manufacturing Facility in Edina, Minnesota
In preparation for the development of these new human products, PetVivo is set to inaugurate its advanced manufacturing facility in Edina, Minnesota, by late 2023. The products designed for human use will be manufactured at this state-of-the-art site.
PetVivo Holdings, Inc.: Advancing Veterinary and Human Health
PetVivo is an emerging leader in the field of biomedical device technology, focusing on the manufacturing, commercialization, and licensing of innovative medical devices for companion animals. The company is known for its robust pipeline of seventeen products and a portfolio of nineteen patents, with the intraarticular injection SPRYNG as their lead product, currently available for commercial sale to veterinarians.
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