NEW YORK, February 7, 2018 /PRNewswire/ —
NetworkNewsWire Editorial Coverage
Hydrogels have been in limited commercial use for more than two decades. However, advancements in drug delivery, and thus hydrogel technology, are driving rapid growth in the global market, which is now projected to surge to over $22 billion by 2022 with a compound annual growth rate (CAGR) of 6.3 percent (http://nnw.fm/GWv2x), according to BCC Research. In what may prove to be a groundbreaking approach in this field of exponential opportunity, PreveCeutical Medical Inc. (CSE: PREV) (OTC: PRVCF) (FSE: 18H) (PRVCF Profile) is engineering a unique sol-gel nose-to-brain drug delivery platform to provide clinical relief of multiple physical maladies. Other recognized companies that have embraced new methods of drug delivery and hydrogel delivery systems include Johnson & Johnson (NYSE: JNJ), Valeant Pharmaceuticals International Inc. (NYSE: VRX), UroGen Pharma Ltd. (NASDAQ: URGN) and GW Pharmaceuticals PLC (NASDAQ: GWPH).
Hydrogel Market Driven by Drug Delivery Advances
For most of modern history, pharmaceuticals have consisted of simple, fast-acting chemical compounds administered orally or by injection. However, the continual evolution of the understanding of the human body has triggered an explosion of new and potentially lifesaving treatments. These new pharmaceutical therapeutics require revolutionary new techniques of administration. The objective of modern drug delivery systems is to deploy medications intact to specifically targeted parts of the body through a medium that can control the therapy’s administration and enhance bioavailability. To achieve this goal, researchers have turned to advances in hydrogel materials, which have demonstrated efficacy in enhancing drug targeting specificity by helping medications cross the blood-brain barrier – lowering systemic drug toxicity, improving treatment absorption rates and mitigating biochemical degradation.
Hydrogels are three-dimensional molecular structures capable of absorbing large amounts of water or biological fluids. Due to their porosity and supple consistency, they closely simulate natural living tissue – more so than any other class of synthetic biomaterials. Their resemblance to living tissue opens vast opportunities for applications in biomedical arenas. Currently, hydrogels are used for manufacturing contact lenses, hygiene products, tissue engineering scaffolds and, now, drug delivery systems.
PreveCeutical‘s Novel Approach
PreveCeutical Medical (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H), a preventive health sciences company initiating a broad spectrum of preventive and curative therapies, is engineering what it believes to be the world’s first nose-to-brain hydrogel platform. Following several years of research and development by PreveCeutical’s chief research officer, Dr. Harendra Parekh, Ph.D., the company’s