The Trendlines Group Announces Co-development Agreement with Endo
TEL AVIV, Israel, November 13, 2012 /PRNewswire/ --
The Trendlines Group today announced it has entered into an R&D agreement aimed at co-developing novel medical devices and technologies within the areas of pain and urology, a strategic focus of U.S.-based Endo Health Solutions Inc. (Nasdaq: ENDP).
The work will be conducted by Trendlines Labs, the technology development arm of The Trendlines Group. Trendlines Labs is co-located with the Misgav Venture Accelerator - The Trendlines Group's incubator focused exclusively on the development of medtech innovations. Misgav was named "Best Incubator" by Israel's Office of the Chief Scientist of the Ministry of Industry, Trade and Labor in 2010. Trendlines portfolio company Stimatix (http://www.stimatix-gi.com) was named Israel's best start-up in 2012.
D. Todd Dollinger, Chairman and CEO of Trendlines, stated, "Our work with Endo furthers our market reach and is instrumental to our achieving our mission of creating and developing businesses to improve the human condition."
Dr. Sujat Sukthankar, Vice President, Device R&D, at Endo said, "The Trendlines-Endo agreement is in line with our stated vision of sourcing innovation globally. This partnership complements and bolsters our own internal innovation and product development efforts in the areas of pain and urology. Through this partnership, we are excited to participate in the vibrant medical technology community in Israel. "
Endo Health Solutions Inc. (http://www.endo.com) is a U.S.-based diversified healthcare company that is redefining healthcare value by finding solutions for the unmet needs of patients along care pathways for pain management, pelvic health, urology, endocrinology and oncology. Through its operating companies: Endo Pharmaceuticals, Qualitest, AMS and HealthTronics, Endo is dedicated to improving care through a combination of branded products, generics, devices, technology and services that creates maximum value for patients, providers and payers alike.
About The Trendlines Group
The Trendlines Group (http://www.trendlines.com) creates and develops businesses to improve the human condition. Principally through its two Israeli government-licensed business accelerators, Trendlines invests in innovation-based businesses in the areas of medtech and agritech, nurturing high-promise companies while mitigating seed-stage investment risk. The Trendlines group owns the Misgav Venture Accelerator (http://www.misgav-venture.com) which invests in and incubates promising medical device companies and Trendlines Labs, which acts as Trendlines' in-house invention factory, inventing solutions to unmet market needs.
Ofir Shpigel Media and Public Relations
SOURCE The Trendlines Group
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