Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Comvita Takes Remaining 50% Of Api-Med

Comvita Takes Remaining 50% Of Medical Honey Company Api-Med

AX-listed natural health products company Comvita announced today it has bought all the remaining shares in Cambridge-based Api-Med Medical Honey Limited.

One of Api-Med's UK customers recently received the European CE mark certification for its wound dressing products that will allow manuka honey dressings to be marketed directly to hospitals and clinics.

Comvita Chairman Bill Bracks in announcing full acquisition of Api-Med Honey Limited says the original 50% shareholding purchased in September was largely undertaken to secure the intellectual property for manufacturing wound dressings that are infused with high UMF manuka honey.

"The purchase of the remaining 50% of the company is a practical move that allows Comvita to add value to the company through entering new ethical medical markets where New Zealand's indigenous manuka honey has been embraced as a leading edge method of treating wounds and serious ulcers. It is a major step for the company by taking a position at the medical end of the health continuum.

Comvita's chief executive Graeme Boyd says the use of honey products in medical situations opens exciting new market potential for Comvita and New Zealand plus opening new economic opportunities for beekeepers and landowners.

Boyd says uses such as wound dressings add value to a natural resource and offer huge growth potential in international markets.

Api-Med is involved in clinical trials with the Auckland University's Clinical Trials Unit beginning in January.

Graeme Boyd says there is a large body of research now available on the antibacterial activity of manuka honey and of its rapid healing characteristics, spearheaded by Dr Peter Molan of Waikato University.

He says the clinical trials will provide the final level of certainty needed to take the products in to the medical field.

"We have long recognised there is solid revenue potential in the medical area for natural products companies that have strong research capabilities. We have been steadily working toward that goal of entering that market."

The Api-Med purchase is in line with the strategic focus of Comvita to be a leading player in wellness products through a genuine and resourced innovation programme. The purchase and clinical trials are part of a planned process of growth for the company.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news