UK-based wound care specialist Ark Therapeutics' Patient Plus subsidiary has signed an exclusive licensing agreement with Germany's Darco GmbH, which grants the former rights to a medical footware device developed by the latter. The product, which is designed to treat patients with diabetic foot ulcers, will be marketed under the brand name Kerraped in both the UK and certain international markets.
Under the terms of the deal, financial details of which were not made public, Darco will manufacture and supply the product to Ark for an agreed price. In return, the UK firm will be responsible for reimbursment and conducting all sales and marketing activities.
Ark said that, having gained price reimbursement for use in the UK National Health Service, it plans to launch an all-purpose boot- and a light-weight shoe-version of the product in August this year, which will retail at L16.63 ($32.67) and L12.57, respectively.
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