Cosmederm Bioscience Announces the Sale of its TriCalm® Brand to Life Wear Technologies
August 16, 2016
SAN DIEGO, August 16, 2016 – Cosmederm Bioscience, Inc. today announced the acquisition of its TriCalm brand of anti-itch products by Life Wear Technologies. The deal provides Life Wear with exclusive rights to manufacture, market and sell products under the TriCalm brand name, including current offerings and future line extension products that Cosmederm will help develop.
“We are delighted that Life Wear Technologies has acquired the TriCalm brand. They are a very capable partner with the right tools and relationships to take TriCalm to the next level,” remarked Ramin Eghbali, President of Cosmederm. “We look forward to a long standing development partnership with Life Wear.”
TriCalm products are non-steroidal and provide fast and effective relief from minor skin irritations, such as dry skin, poison ivy, insect bites, and other skin conditions, that cause itching, burning and stinging skin. The TriCalm line of products currently includes TriCalm Hydrogel, TriCalm Clinical Repair Cream, and TriCalm Extra Strength Spray. For more information about TriCalm products, visit tricalm.com.
“The TriCalm brand is an excellent fit for our company,” stated Brad Waugh, CEO of Life Wear Technologies. “It is a natural extension of our product offering and allows us to leverage and strengthen our existing relationships with national and regional retailers. We’ll also continue to partner with Cosmederm, as our ultimate goal is to deliver new and innovative products to our end consumers.”
Life Wear is the manufacturer of CryoMAX Cold Therapy 8-Hour Cold Packs and the recently launched ThermalMAX Long Lasting Heat Packs. Life Wear also offers an expansive line of health supports, tapes and bandages.
Cosmederm Bioscience, Inc. is a specialty pharmaceutical company focused on the discovery and development of non-steroidal and non-opioid molecules that may be acquired for further development and commercialization.