Adhesys joins German Accelerator Life Sciences

Adhesys Medical Announces Collaboration with the German Accelerator Life Sciences to Strengthen its U.S. Market Presence

 –Development of Topical Skin Adhesive CUTIS Reaches Milestone with CE Mark Filing in Europe–

Cambridge, Massachusetts and Aachen, Germany, March 14, 2017 – Adhesys Medical, a medical device company developing the next generation of surgical adhesives, announced today its acceptance into the German Accelerator Life Sciences (GALS) program, an initiative supported by the German Federal Ministry for Economic Affairs and Energy (BMWi). As part of the program, Adhesys will expand its presence in the United States to include a second location in Cambridge, MA and gain access to GALS’ resources, including a network of partners and advisors to support Adhesys as they bring their innovative wound sealants to the U.S. market. In addition, the company has filed for the CE mark in Europe for its product CUTIS, a topical skin adhesive that has the potential to transform wound care.

“We are honored to join the GALS program and look forward to an impactful collaboration. The support of GALS will allow us to gain further traction in the U.S. market and will provide us with access to a broad network of resources that will expedite our efforts to achieve FDA approval for our wound sealants,” said Alexander Schueller, President of Adhesys Medical. “In the meantime, we continue to execute our global commercialization strategy and have filed for the CE mark in Europe.”

“Adhesys has developed an innovative technology and has already received extensive attention and recognition in the U.S. They won the prestigious Rice Business Plan Competition in 2014 and were a $100K Diamond Award Winner of the 2016 MassChallenge program,” said Christoph Lengauer, CEO of the German Accelerator Life Sciences. “We look forward to building on these accomplishments and assisting Adhesys with developing their U.S. strategy and establishing valuable connections to the life science innovation network in Boston.”

Adhesys Medical develops unique polyurethane-based surgical adhesives designed to close wounds or incisions on the skin and inside the body. Founded in Aachen, Germany in 2013, Adhesys expanded to the United States in 2015, opening an office in Houston, Texas.

About Adhesys Medical:

Adhesys Medical is a medical device company dedicated to developing innovative polyurethane-based surgical sealants. Their unique sealant technology, combining ease of use, flexibility, biodegradability, and wet space usability, has been in development since 2007. In 2013, the company was founded in Aachen, Germany to commercialize the sealant technology, and expanded to Houston, Texas in 2015. Adhesys’ vision is to bring their disruptive innovations to medical professionals everywhere to save lives, and improve medical outcomes and patient comfort. For further information, visit: www.Adhesys-Medical.com

Contact

Adhesys Medical Inc.

Alexander Schueller, President

Phone: +1 (832) 213-9967

Email: info.us@adhesys-medical.com

About the German Accelerator Life Sciences

The German Accelerator Life Sciences (GALS) is an initiative of the German Federal Ministry for Economic Affairs and Energy (BMWi), with the goal of helping German startups and young companies succeed in the global marketplace. GALS offers support in multiple areas, from free office space in the world’s leading life science innovation hub, to mentoring and advising from industry experts and experienced leaders. GALS opened its doors in October 2015 and has its headquarters in Cambridge, Massachusetts.

For more information, visit: www.GermanAccelerator.com/Life-Sciences

Contact

German Accelerator Life Sciences

Courtney Phillipps, Program Administrator

Phone: +1 (617) 531-8241

Email: Courtney@GermanAccelerator.com