AMITYVILLE, N.Y.--(BUSINESS WIRE)--Hi-Tech Pharmacal Co., Inc. (NASDAQ:HITK), a specialty pharmaceuticals company, announced today that it has acquired marketing and distribution rights to a topical wound gel product from Glycobiosciences , Inc. The hyaluronic acid and emollient based gel is a proprietary patented device approved by the FDA pursuant to Section 510 (k). The product will be marketed under the brand name Hylase® Wound Gel and is indicated for the management and treatment of leg ulcers, pressure ulcers, diabetic ulcers and exuding wounds prone to bleeding. Hylase® will be promoted to physicians, hospitals and nursing care facilities by ECR Pharmaceuticals, Hi-Tech's branded subsidiary.
David Seltzer, Hi-Tech's President and CEO said, "Hylase ® wound gel is a prescription device indicated for the management of a broad range of difficult to treat ulcers and chronic wounds. With this patented FDA approved device we will expand our portfolio of products and reach additional markets and a growing patient population”.
About Hi-Tech Pharmacal
Hi-Tech is a specialty pharmaceutical company developing, manufacturing and marketing generic, branded prescription and OTC products. The Company specializes in difficult to manufacture liquid and semi-solid dosage forms and produces a range of sterile ophthalmic, otic and inhalation products. The Company's Health Care Products Division is a leading developer and marketer of branded prescription and OTC products for the diabetes marketplace. Hi-Tech's ECR Pharmaceuticals subsidiary markets branded prescription products.
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