Contamac Ltd. and Tangible® Science LLC Announce Licensing Agreement
Tangible® Hydra-PEG® Contact Lens Surfacing Technology coming to the GP Oxygen Permeable and Silicone Hydrogel Specialty Contact Lens industry
Contamac Ltd., a leader in the development of specialist polymers and a major global provider of biocompatible materials for implantable and medical applications to the ophthalmic industry, and Tangible® Science LLC (formerly Ocular Dynamics LLC), whose mission is to create technologies which improve comfort for contact lens patients who experience dryness during lens wear, announced a multi-year licensing, sub-licensable, manufacturing and commercialization agreement for incorporating the Hydra-PEG® Technology into Contamac’s Definitive 50 and Definitive 65 Silicone Hydrogel materials. The companies are also discussing an agreement for incorporating the Hydra-PEG® Technology into Contamac’s line of Optimum GP materials.
With comfort, and more specifically discomfort being major topics of discussion throughout the industry these days, it is exciting to partner with a company that has developed an innovative technology that specifically addresses what the contact lens industry is seeking, a more comfortable lens, said Martin Dalsing, Contamac’s Director of Global Strategy and Business Development. “With Hydra-PEG®, Eye Care Professionals around the world will now be able to confidently offer their patients a more comfortable contact lens experience.”
Hydra-PEG® is a technology developed to improve comfort for contact lens wearers, said Vic McCray, President and CEO of Tangible® Science. “We are thrilled to partner with Contamac to provide patients the vision they require and the comfort they deserve.”
Under the new agreement, Contamac will begin the world-wide commercialization of incorporating the Hydra-PEG® technology into specialty contact lenses that are manufactured in Definitive Silicone Hydrogel materials, through sub-licensing the technology to the entire Contamac Ltd. global laboratory network channel, commencing May 2015.
The Hydra-PEG® technology is a permanently bonded Polyethylene Glycol (PEG) surface coating that augments contact lens wettability, lubricity, tear film surface quality, and the lens’ ability to resist protein/lipid depositions. For GP lens wearers, whether corneal, large diameter or scleral, the patient will enjoy a substantial reduction in the adaptation period and both Silicone Hydrogel and GP lens wearers will experience improved initial, mid-day and end of day comfort.