In Brief: GelMed
This article was originally published in The Rose Sheet
Executive Summary
GelMed: Bedford, MA-based start-up firm is partnering with "one of the top two" cosmetic firms in the U.S. to develop a product utilizing its Smart Hydrogel delivery system. Developed for cosmetic and medical applications, the polymer is in the form of a liquid when below body temperature but thickens to a gel when it comes in contact with the body. The water-based gel "will set and stick to a pre-determined area of the body allowing for complete and effective treatment," the company states. GelMed says it also is in talks with major cosmetics distributors to find an exclusive partner to disseminate its technology. GelMed, founded in June 1994, develops and commercializes hydrogels for the medical, pharmaceutical, cosmetic, veterinary and consumer industries. To date, the firm has raised $2.2 mil. in seed financing...