Jul 7, 2011Date: Friday 15th July 2011
Time: Presentation – 4.30pm. Followed by drinks and nibbles
Venue: Reception Lounge, Main entrance of Thomas Building, 3 Symonds Street.
Speakers: Professor Lyall Hanton, Head of the Dept. of Chemistry, University of Otago and Hamish Findlay, Commercial Manager, OIL
Title: Winning by a Nose In the race to commercial success an Otago University Team is looking like a winner.
Driven by the challenge for ENT surgeons dealing with post-operative bleeding and scarring, the U of O chemistry team came up with a unique solution – one that has captured the attention of the US based medical technologies company Medtronic – a company with 38,000 employees, a presence in over 120 companies and a revenue of US$16 billion in 2010/11.
The natural biomedical gel the Otago team developed is based on the polymer chitosan derived from crab shells and squid and then combined with starch. The excellent anti-adhesion and haemostatic properties shown in clinical trials, conducted with the University of Adelaide and Wellington company Squidgel, attracted Medtronic despite the early stage of its development.
Partnering with the University of Adelaide and working with Otago Innovation Ltd, the gel has now been licensed to Medtronic for use in ENT applications. The gel also has potential benefits in many other applications such as in neurosurgery, abdominal and gynaecological surgery. The ongoing research and rights surrounding these applications remains with the research team.
You are warmly invited to hear more about the science behind this gel from Professor Lyall Hanton, Head of the Dept. of Chemistry, University of Otago, and more about the business deal from Hamish Findlay, Commercial Manager, OIL.
Please join us to gain an insight to this exciting early stage deal between a multi-billion $, multinational company and the highly effective ‘down-under’ team of clinicians, chemists and commercialisation specialists.
All welcome. RSVPs to Margot Bethell for organizational purposes would be greatly appreciated. Please email firstname.lastname@example.org or phone (09) 373 7599 ext 89625 or 0274 305 758.