Kane Biotech Announces Exclusive Distribution Agreement With XSONX
October 17 2024 - 8:30AM
Kane Biotech Inc. (TSX- V:KNE; OTCQB:KNBIF) (“Kane Biotech” or
“Kane”) announces that it has signed an exclusive five year
distribution agreement with XSONX LLC (“XSONX”) for Kane to
distribute XSONX’s Wound Hygiene System in Canada, Australia, New
Zealand and the Gulf Cooperation Council (GCC) Countries (the
“Territories”).
The XSONX Wound Hygiene System is a cordless vibrational
debridement tool which safely cleans and debrides chronic and
contaminated wounds. More information can be found at
www.xsonx.com
“The XSONX Wound Hygiene System is a proven contributor to
chronic wound healing and will nicely complement Kane’s revyve™
product line,” said Marc Edwards, President & CEO. “I’m excited
about this opportunity to partner with XSONX and to make their
debridement tool widely available to wound care professionals via
our distribution network.”
Kane will be introducing XSONX to Canadian practitioners
starting today at the Wounds Canada National Hybrid Conference in
conjunction with its revyve™ antimicrobial wound gel and revyve™
antimicrobial wound gel spray products.
“According to recently released consensus documents, 60% of
wounds in the US are under debrided. I suspect this may be even
higher in Canada and other international markets, making XSONX an
important tool for practitioners,” said Dr. Wade Farrow, founder
and CEO of XSONX. “Kane’s dedication to quality and its growing
international distribution network makes them our ideal
partner.”
About Kane Biotech
Kane Biotech Inc. is a biotechnology company
engaged in the research, development and commercialization of
technologies and products that prevent and remove microbial
biofilms. Kane has a portfolio of biotechnologies, intellectual
property (68 patents and patents pending, trade secrets and
trademarks) and products developed by Kane's own biofilm research
expertise and acquired from leading research institutions.
DispersinB®, coactiv+™, coactiv+®, DermaKB™, DermaKB Biofilm™, and
revyve™ are trademarks of Kane Biotech Inc. Kane is listed on the
TSX Venture Exchange under the symbol "KNE" and on the OTCQB
Venture Market under the symbol “KNBIF”.
About XSONX
XSONX is a medical device company based in
Charlotte, North Carolina that has developed the XSONX Wound
Hygiene System with HandHeld Vibrational Debridement Technology
(HHVDT), which helps reduce patient pain and anxiety while removing
devitalized tissue and disrupting biofilm with >500 vibrations
per second. This results in a more uniform debridement with a
higher safety margin and higher patient satisfaction compared to
traditional debridement.
For more information:
Marc Edwards |
Ray Dupuis |
Chief Executive Officer |
Chief Financial Officer |
Kane Biotech Inc |
Kane Biotech Inc |
medwards@kanebiotech.com |
rdupuis@kanebiotech.com |
|
|
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding Forward-Looking
InformationThis press release contains certain statements regarding
Kane Biotech Inc. that constitute forward-looking information under
applicable securities law. These statements reflect
management’s current beliefs and are based on information currently
available to management. Certain material factors or assumptions
are applied in making forward-looking statements, and actual
results may differ materially from those expressed or implied in
such statements. These risks and uncertainties include, but are not
limited to, risks relating to Kane’s: (a) financial condition,
including lack of significant revenues to date and reliance on
equity and other financing; (b) business, including its early stage
of development, government regulation, market acceptance for its
products, rapid technological change and dependence on key
personnel; (c) intellectual property including the ability of Kane
to protect its intellectual property and dependence on its
strategic partners; and (d) capital structure, including its lack
of dividends on its common shares, volatility of the market price
of its common shares and public company costs. Further information
about these and other risks and uncertainties can be found in the
disclosure documents filed by Kane with applicable securities
regulatory authorities, available at www.sedarplus.ca. Kane
cautions that the foregoing list of factors that may affect future
results is not exhaustive.
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