Compelo Medical Devices - Latest industry news and analysis is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

NexMed Expands Bio-Quant Facilities

NexMed, a developer of products based on NexACT technology, has expanded its San Diego-based subsidiary Bio-Quant facilities to accommodate an increase in demand for its pre-clinical research services.

Bassam Damaj, president and chief executive officer of NexMed, said: “Our Bio-Quant business has experienced continuous growth during the past five years, including an increase of over 20% in revenues in 2009, alone. This has been achieved, in part, through a prior diversification of our service capabilities and entrance into new geographical markets. The ongoing expansion of our facilities is in response to the rising demand for the specialized services that we offer.”

Based in San Diego, NexMed is the specialty CRO for providing in vitro and in vivo pharmacology services and research models. The company’s goal is to generate revenues from the growth of its Discovery Pre-clinical CRO business, while seeking to monetize its NexACT drug delivery technology through out-licensing agreements with pharmaceutical and biotechnology companies, worldwide.

Reportedly, at the same time, NexMed is actively pursuing partnering opportunities for its NexACT-based treatments for onychomycosis, psoriasis, sexual dysfunction and cancer.

Bio-Quant is a CRO that offers in vitro and in vivo pharmacology services and research models specializing in oncology, inflammation, immunology, and metabolic diseases.