LifeBond Wins Frost & Sullivan 2016 European New Product Innovation Award
Caesarea, Israel, September 13, 2016 — LifeBond, a leader in the development of bio-surgical medical devices for tissue repair, announced today that it has won the Frost & Sullivan 2016 European New Product Innovation Award for its LifeSeal® Surgical Sealant, a unique gastrointestinal (GI) sealant specifically designed to minimize staple-line leakage in GI resection procedures. The product innovation award is presented to companies that have developed an innovative product that leverages leading-edge technology and generates a significant impact on the customer.
“Anastomotic leakage is a major cause of serious complications following bowel repair involving increased hospital readmission and mortality rates. LifeBond’s LifeSeal® is the only GI surgical sealant derived from naturally available components that has been clinically tested to be a safe and effective alternative to synthetic and fibrin-based sealants,” said Frost & Sullivan Industry Analyst Arjunvasan Ambigapathy. “LifeBond’s ability to deliver an exclusive product that has the potential to bring a solution to an unmet need is both clinically significant and relevant. With its strong overall performance, LifeBond has earned Frost & Sullivan’s 2016 New Product Innovation Award.”
“The recognition by Frost & Sullivan is the latest in a stream of recently achieved milestones, including US Food and Drug Administration (FDA) Investigational Device Exemption (IDE) approval to initiate a pivotal clinical study and receipt of CE marking in Europe earlier this year,” said LifeBond CEO Gideon Sturlesi. “All of the above strongly validate the novelty and importance of the product as well as its clinical advantage in the surgical sealant market. It is our intention to continue building on this strong momentum in terms of clinical development and commercialization to the benefit of patients, surgeons, and hospitals alike.”
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LifeBond is a leader in the development and manufacturing of bio-surgical medical devices for tissue repair intended to improve patient outcomes and support the body’s natural healing process. Being of natural origin, elastic, adhesive, durable, and absorbable, the company’s devices have the potential to fill a long list of unmet surgical needs. LifeBond’s LifeSeal® surgical sealant is designed to provide staple-line reinforcement in GI surgery. Reducing leakage has the potential to save patient lives, improve patient recovery, and avoid re-admissions and repeated surgeries. LifeSeal® has a CE marking for sale in the European Union (EU). In the US, LifeSeal® is an experimental device, not yet available for sale, and is available only for use in the approved IDE study. LifeBond’s LifeMesh™, a self-fixating hernia mesh, is in pre-clinical development. Other pipeline products include tissue adhesives and absorbable hemostats. LifeMesh™ and other LifeBond products are investigational and have not yet been approved for sale in the US or in any other market. For more information please visit www.life-bond.com.