Hugel (145020.KS), a global total medical aesthetics company, has secured domestic distribution rights for 'CellREDM™,' an extracellular matrix (ECM)-based product, expanding its portfolio.
Hugel announced on July 1 that it signed a domestic distribution agreement with Hans Biomed (042520.KS) for 'CellREDM.' Hans Biomed is the first company in Asia to receive establishment accreditation from the American Association of Tissue Banks (AATB). The AATB is a global standard organization that evaluates quality, safety, and ethical standards in the tissue banking field.
'CellREDM' is a product utilizing human acellular dermal matrix (hADM), a human tissue-derived material. It directly replenishes extracellular matrix components such as collagen and elastin to help restore skin structure. With this addition, Hugel now offers a comprehensive solution covering skin regeneration beyond its existing product lineup focused on wrinkle and volume improvement.
The agreement is significant in that Hugel, which has primarily built its business around in-house developed products, is now actively pursuing portfolio expansion through external collaboration. ECM products in particular are widely used in combination treatments with hyaluronic acid (HA) products, raising expectations for synergy with Hugel's existing flagship products.
The two companies plan to enhance product supply efficiency and pursue rapid market penetration through joint promotions and commercialization strategies tailored to the characteristics and specialties of clinics and hospitals.
"Based on our partnership with Hugel, we will promote the quality competitiveness of 'CellREDM,' which applies the proprietary tissue processing technology of Korea's first tissue bank, and actively highlight the product's strengths in reducing post-procedure downtime and pain," Hans Biomed CEO Kim Geun-young said.
"We plan to further solidify our leading position in the industry by responding swiftly to latent demand in the medical aesthetics market," Hugel CEO Jang Du-hyun said. "We will use this agreement as a starting point for Hugel's business expansion and continue to explore various business opportunities both domestically and internationally."
