For the first time, TissUse has granted development and distribution rights of its existing Smart Hair Transplant (SHT) technology to J. Hewitt, a Japan-based biopharmaceutical company focused on creating transformative regenerative medicine for aesthetic surgery, Pressebox portal reports.
Under the terms of this agreement, TissUse grants J. Hewitt an exclusive license in Japan for the development of novel cell-based hair regeneration therapies leveraging TissUse’s SHT technology and expertise.
“We are excited to work with TissUse and the strategic license agreement is testament to our confidence in the value of the TissUse technologies. We look forward to a successful relationship with TissUse as we contribute to the further development of its SHT technology,” says Dr. Jon Knight, CEO of J. Hewitt.
“This agreement synergizes the complementary ideas, know-how and experience of both companies. We are very much looking forward to enhancing TissUse’s highly innovative SHT approach through this collaboration,” explains Dr. Uwe Marx, CEO of TissUse.
Technical and financial details of the collaboration were not disclosed.
J.Hewitt was established in Tokyo in February 1977 as an importer and distributor of medical devices and equipment. A management buyout completed in July 2004 by Jon Knight, redirected the company’s focus as a world pioneer into the field of aesthetic regenerative medicine. Dr. Knight conceptualized and invented the use of Platelet-Rich Plasma (PRP) for wrinkle augmentation and first in world use in humans for nasolabial folds, tear troughs, crow feet, and other facial wrinkles was performed in early 2005 and has been widely copied and is now a common therapy offered by most cosmetic surgeons and aesthetic dermatologists.