Tromsø, Norway, 04 February 2019 – Biotec Pharmacon (OSE: Biotec) announces today that its subsidiary Biotec BetaGlucans has been awarded up to NOK 8 million in a grant by the Research Council of Norway for a project titled “Bioactive wound healing dressing with beta-glucan for treatment of hard-to-heal wounds”. The project is to be supported over 4 years.
The grant has been awarded from the User-driven Research-based Innovation Programme (BIA), and the focus of the project will be to develop first of its kind bioactive gel-forming fibre dressings. These dressings will contain soluble beta-glucan (SBG®) for the treatment of hard-to-heal wounds by re-activating the healing process.
The project aims to develop new and cost-effective wound healing devices for the treatment of large hard-to-heal wounds, exuding wounds (burns and ulcers), donor-site wounds, and wounds on mucosal surfaces.
Established in 2006, the BIA programme is one of the largest programmes at the Research Council and is a key partner for Norwegian trade and industry. This broad-based programme supports high-quality R&D projects with good business and socio-economic potential.
The award is subject to successful contract negotiations between the parties.
Christian Jørgensen, CEO, said:
“We are pleased to have been awarded this grant, which serves as a great testament to the hard work being done at Biotec BetaGlucans. It will help us develop a broader set of treatments for the many people suffering from different types of hard-to-heal wounds.”