Receives (510)k clearance

Advanced Medical Solutions Grp PLC 28 January 2004 For Immediate Release 28 January 2004 Advanced Medical Solutions Group plc ('AMS' or the 'Company') Announces 510(k) marketing clearance for a liquid bandage for treatment of minor wounds and a new supply agreement for Australia Winsford, UK: Advanced Medical Solutions, (AIM: AMS), the global woundcare technology company, today announces that it has received 510(k) clearance by the US Food & Drug Administration ('FDA') for the marketing of a single-use sterile liquid bandage based on superglue technology. The FDA has given clearance for the product to be used to cover minor cuts and scrapes and minor irritations of the skin and help protect them from infection. The liquid bandage is painted onto the wound to provide a protective barrier whilst healing occurs. It bonds to the skin to form a water-resistant flexible covering that wears off naturally after a few days as the wound heals. Based on AMS' MedLogic cyanoacrylate tissue adhesive technology, the product is aimed at Consumer First Aid and has significant benefits over traditional plasters, which can often be difficult to apply to certain parts of the body The significance to AMS of receiving this 510(k) is that these products have now been given clearance for sale in the world's largest market - the US. The Consumer over the counter (OTC) First Aid plaster market in the US is worth $200 million. Of this, the liquid bandage sector is expanding rapidly, as consumers respond to its benefits and convenience, and is currently valued at more than $25 million. Commenting on this announcement, Dr Don Evans, Chief Executive of AMS, stated: 'This approval demonstrates another milestone in exploiting our MedLogic cyanoacrylate technology and moving it into the consumer area. It offers the opportunity of bringing the first single-use liquid bandage product to market with significant benefits to the consumer over current multi-use products. Now that US regulatory approval has been obtained we will be actively seeking an appropriate marketing partner to collaborate on the development of a commercial product for introduction to the global Consumer OTC market in 2005.' In a separate announcement released today:- AMS announces that it has entered into a supply agreement with InterPharma Proprietary Limited ('InterPharma') for marketing and distribution of its advanced woundcare range in Australia. Under the terms of the agreement, AMS will supply a full range of its wound care products including alginate, hydrocolloid, foam, film and gels for sale under its ActivHealTM brand. InterPharma, a Sydney based marketing company, is looking to expand its current presence in pharmaceuticals into the advanced wound care market, which is currently valued in excess of A$50 million. Commenting on this announcement, Dr Don Evans, Chief Executive of AMS, stated: 'The addition of InterPharma to our list of partners further strengthens the global distribution of our advanced woundcare products by giving us entry into a new market. I look forward to working with InterPharma to build the ActivHealTM brand and our business in Australia.' David Gray, Managing Director of InterPharma, added: 'We look forward to broadening our product portfolio by the addition of AMS' wound care range. InterPharma offers a wide range of expertise in healthcare marketing, which fits well with our new partnership with AMS. In addition to our other partners, including those specialising in pharmaceuticals, InterPharma now offers a unique product offering to the healthcare sector in Australia.' - ENDS - For further information, please contact: Advanced Medical Solutions Group plc Tel : +44 (0) 1606 545508 Don Evans, Chief Executive Mary Tavener, Finance Director www.admedsol.com Buchanan Communications Tel: +44 (0) 20 7466 5000 Mary-Jane Johnson / Mark Court Notes to Editors: Advanced Medical Solutions is a leading company in the development and manufacture of products for the $15 billion global woundcare market. Founded in 1991 and quoted on AIM, Advanced Medical Solutions is focused on the design, development and manufacture of innovative and technologically advanced products for woundcare and other medical applications. In-house natural and synthetic polymer technology is used to provide advanced wound dressings based on the moist healing principle. AMS' resources ensure a unique position as a vertically integrated 'one stop shop' to provide all categories of moist wound healing products. The Company has the capability to move from product design and development through to production and delivery ready for distribution into customer markets. The acquisition of MedLogic in 2002 has brought AMS products and technology in cyanoacrylate based tissue adhesives and sealants sold direct to A & E departments or through distributors. AMS' technology and products currently serve the majority of the key global markets with strategic partners including 3M, Novartis, Johnson & Johnson, Molnlycke Healthcare, Coloplast, Smith + Nephew and Beiersdorf. This information is provided by RNS The company news service from the London Stock Exchange
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