Product Development: Market Focus
Protein Polymer Technologies' goal is to create products that aid
in the natural process of bodily repair, including the healing of tissue,
and the restoration or augmentation of its form and function. Within this
context, PPTI's biomaterials, and the proprietary technology platform upon
which they are based, create the potential to develop a variety of new products
for use by physicians and surgeons.
PPTI is focused on developing bio-active medical devices that integrate biological
and physical product components to provide for optimized clinical performance
and patient outcomes. The Company’s technology is unique, based on a
platform of biomaterials that are genetically engineered protein polymers
with tailored physical structure and biological characteristics. The distinctive
features and benefits of PPTI’s products based on these biomaterials
address a variety of unmet market needs.
Because the development of medical products is an expensive and time consuming
process, there is significant competition in the medical products field, and
considerable pressure exists to control health care expenditures, PPTI is
focusing the Company's resources on developing products that serve large markets,
and that offer substantial value as compared with the existing standards of
care and the known competition.
PPTI's current focus is the continued development and partnering efforts for
Surgical Tissue Sealants (STS). STS is a two-component liquid formulation
that spreads easily and sets quickly, effectively sealing surgical leaks in
most tissue following would closure. Numerous potential partners have shown
interest in this technology and PPTI is working toward establishing development
and commercialization partnerships with each.