ANEW Medical Expands Portfolio with Needle-Free Technology
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ANEW Medical, Inc. Acquires Innovative Technology
ANEW MEDICAL, INC. (“ANEW” or the “Company”) (Nasdaq: WENA) announced the signing of an exclusive worldwide license agreement with Transfertech Sherbrooke (“TTS”) regarding Nanoject, a needle-free, freeze-dried nanopowder autoinjector for medicines and vaccines.
Addressing Needle Phobia
Needle phobia and anxiety associated with injections are common among both adults and children, hindering adherence to medical protocols. Traditional methods including creams, patches, and liquid autoinjectors often have significant costs and formulation limitations, highlighting the need for better alternatives.
Advanced Delivery Mechanism of Nanoject
The patented Nanoject core delivery device utilizes a pressure-driven flow from a miniature shock tube to deliver nano-sized or micron-sized particles of medication rapidly (600 meters/second) into the skin, allowing for effective intradermal and subcutaneous tissue delivery.
Expert Insight from ANEW’s Leadership
Dr. Joseph Sinkule, ANEW's CEO, expressed enthusiasm about the technology, stating, “ANEW continues to evaluate opportunities for generating near-term revenue and utilizes our expertise to develop new patented technologies urgently needed in treating human diseases. The nanoparticle injector represents a significant advance in drug delivery, addressing storage, stability, and dosage issues.”
Collaboration for Development and Distribution
ANEW's CFO, Jeffrey LeBlanc, indicated that the company is developing a low-cost, needle-free delivery method aimed at improving patient quality of life in various healthcare fields including pain management and vaccines. They plan to collaborate with pharmaceutical partners to innovate patent-protected drugs.
Leadership in the Nanoject Business Unit
Eric Boyd will oversee operations and partnerships for the Nanoject division, working closely with TTS and Dr. Martin Brouillette’s lab at Université de Sherbrooke. Boyd noted the significant number of annual injections contributed to the need for more patient-friendly solutions, emphasizing that this technology is particularly suitable for self-administration by patients.
About ANEW Medical, Inc.
ANEW MEDICAL, INC. is a technology and medical product development organization focused on creating therapeutics and diagnostics for various chronic and life-threatening diseases. Their portfolio features proprietary gene therapy programs and clinical-stage initiatives targeting cancer and autoimmune disorders, in addition to the Nanoject system.
Contact Information
For more information, contact:
Investor Relations
Email: IR@anewmeds.com
Frequently Asked Questions
What is the Nanoject technology?
Nanoject is an innovative needle-free delivery system designed to administer medications through the skin using a freeze-dried nanopowder without the use of needles.
Why is needle-free technology important?
Needle-free technology addresses issues of needle phobia, reduces pain, and lowers the risk of infection and medical waste associated with traditional injections.
What therapeutic areas will ANEW focus on with Nanoject?
ANEW plans to target various therapeutic areas including pain management, fertility treatments, growth hormones, erectile dysfunction, and vaccines.
Who manages the Nanoject business unit?
Eric Boyd has been appointed Managing Director of the Nanoject business unit, overseeing its operations and partnerships.
What is the long-term vision for ANEW Medical, Inc.?
ANEW aims to innovate in the field of therapeutics and diagnostics while expanding their product offerings and enhancing patient care through advanced technologies.
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