NexGel Highlights Positive Data From Proof-of-Concept Study For Its Diclofenac Hydrogel Pain Treatment

  • NexGel Inc NXGL announced results from its proof-of-concept study for its diclofenac hydrogel patches. 
  • The patches are designed to treat pain indications such as arthritis, joint pain, muscle aches, and more.
  • The study compared NexGel's diclofenac hydrogel patches with the leading commercially available topical treatment. 
  • It assessed the formulations, skin retention, and permeation of the products through the skin. The results revealed that NexGel's diclofenac hydrogel patches delivered an equivalent dose considerably faster and are longer-acting compared to the current standard of care on a head-to-head basis. 
  • They also showed gentle skin adhesion for eight to 12 hours.
  • Diclofenac patches are nonsteroidal anti-inflammatory drug (NSAIDs) products used to treat short-term pain due to minor strains, sprains, and bruises. 
  • The early proof-of-concept results validate the potential effectiveness of NexGel's technology in drug delivery patches.
  • Last week, NexGel said it had developed a new, proprietary hydrogel eye patch to treat amblyopia, a type of poor vision that typically occurs in one eye but can occur in both eyes (also called lazy eye). 
  • The patch is expected to be available for ophthalmologists and optometrists to offer to their patients in 1H of 2023.
  • Price Action: NXGL shares are trading flat at $1.35 on the last check Tuesday.
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