- FDA application to expand HemoStyp's market reach: Earlier this year United Health Products filed a 510K Class II Application with the FDA (Food and Drug Administration) to allow for expanded usage of HemoStyp® into general surgeries and internal and external procedures. If the FDA approves this application, the company will be able to enter the estimated $15 billion surgical market. United Health Products has received initial comments from the FDA and has responded. United Health Products awaits any additional comments that the FDA may have before approval.
- International markets: United Health Products has forged a number of alliances with major health products distributors covering Australia and Asia. Further, the company has submitted an application to have its flagship HemoStyp® product approved for use in South Korea. Additional strategic partnerships with distributors in South Africa and in additional Asian countries are expected in 2017.
- Expanded Manufacturing Capabilities: The Company has conducted a number of Quality Control audits at prospective contract manufacturers of its patented HemoStyp® products, following which it has decided to double the number of facilities which will be permitted to manufacture HemoStyp® for domestic and international distribution. Backup production capabilities enable the company to continue shipping products should one facility suffer from a supply disruption.
About United Health Products Inc.United Health Products Inc. (UEEC) develops, manufactures, and markets patented hemostatic gauze, for the healthcare and wound care sectors. The product, HemoStyp®, is derived from regenerated oxidized cellulose, which is all natural, and designed to absorb exudate/drainage from superficial wounds and helps control bleeding. UEEC is focused on identifying new markets and applications for its product as well as ramping up sales in its current markets. For more on United Health Products Inc. visit: www.unitedhealthproductsinc.com
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