Henderson, Nevada – February 5, 2018 – United Health Products, Inc. (OTCQB: UEEC) ) today announced that, following its January 17 face-to- face meeting with FDA experts and officials, it has completed and submitted all materials relevant for the premarket approval (PMA) for HemoStyp. The PMA program is designed to confirm the safety of the HemoStyp product for use in internal human procedures. UHP has submitted additional inspection and registration forms to the CtQ Pilot program for final approval and confirmation. The PMA submission is for the approval of Class III indication and internal surgical use of Hemostyp.
The CtQ program is a sub-program of the PMA umbrella specific to facility and production safety. The estimated sales for internal surgical markets for hemostatic products (global hemostatic agents market) in 2017 are expected to be more than $7 billion. HemoStyp belongs to a subset of these markets whose 2017 sales are estimated at approximately $2.8 Billion, and are expected to nearly double to approximately $5.5 Billion by 2022. Overall, the global hemostatic agents market is estimated to grow at 7.1% annually, to reach $8.3 billion by 2022. http://industryarc.com/Report/15189/hemostats-market.html).
About United Health Products Inc.
United Health Products Inc. (UHP) develops, manufactures, and markets patented hemostatic gauze, for the healthcare and wound care sectors. The product, HemoStyp, is derived from regenerated oxidized cellulose. HemoStyp is an all natural product designed to absorb exudate/drainage from wounds to help control bleeding. UHP is focused on identifying new markets and applications for its products and expanding its current markets. UHP currently sells a suite of hemostatic products to the dental, veterinary and retail markets.
For more on United Health Products, Inc. visit: www.unitedhealthproductsinc.com
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