Hydromer Inc (HYDI)

Description:

Hydromer, Inc. was organized as a New Jersey Corporation in 1980. It is a bio-polymer research and development company organized for the purposes of developing polymeric complexes for commercial use in the medical, commercial, cosmetics and animal health markets. From its inception in 1980 to mid-1984, the company was mainly engaged in R&D activities related to Hydromer coatings used on medical devices. Since then and until the acquisition of BMPI, the company's business in the medical field consisted of the sale of lubricious coatings and the licensing of its lubricious coating technologies. With the acquisition of BMPI in February 2000, the company now offers a horizontally integrated breadth of services including medical device manufacturing, contract coating, equipment building and design, and R&D servicing. It owns several process and applications patents for Hydromer(R) coatings. Techniques have been developed for grafting or applying this substance onto a broad variety of materials, including other polymers like polyurethane, polyvinyl chloride, and silicone elastomers, ceramics and metals. The company has also been issued patents for permanent anti-fog materials, hydrophilic polyurethane foams, hydrophilic polyurethane blends, hydrophilic polyvinylbutyral alloys, several biocompatible hydrogels and an anti-bacterial medical material. It continues to focus on its coatings technologies as the nucleus of its participation in the medical field, including added developments of radio-opaque, biostatic/anti-microbial and more recently, cell anti-mitosis and anti-thrombogenic coatings. Coating solutions for use on medical devices, cosmetic intermediaries, hydrogels and teat barrier dips/sprays are manufactured and sold by the company to its licensees and others. The company is selling anti-fog solutions to manufacturers of greenhouse panels, refrigerator freezer doors, swim goggles, industrial safety equipment, aircraft windows and meter covers, both in the U.S. and foreign countries. It also sells OEM medical devices through its Biosearch Medical Products subsidiary. It also owns various trademarks, including AQUADAPT(R), a medical hydrogel; AQUAMERE(R), a water resistant film former product with cosmetic applications; AQUATRIX(R), a cosmetic hydrogel; Dermaseal(R), a dermal barrier film product for the prevention of contact dermatitis; DRAGONHYDE(TM), a hoof bath concentrate; Sea-Slide(R), a coating for watercraft hulls; and T-HEXX(R), a barrier teat dip product for the prevention of mastitis in dairy animals. The industry in which the company competes is characterized by rapid technological advances and includes competitors that possess significantly greater financial resources and research and manufacturing capabilities, larger marketing and sales staffs.The uses of the company's medical, agricultural and cosmetic products come under the jurisdiction of the FDA, as well as other federal, state and local agencies, and similar agencies in other countries.