Turn Therapeutics partners with Medline to develop and commercialize products using its PermaFusion® platform in dermatology and wound care.
Quiver AI Summary
Turn Therapeutics has announced a global supply, development, and license agreement with Medline, a leader in medical-surgical products, to collaborate on products utilizing Turn's PermaFusion® delivery platform. This partnership aims to accelerate product development and commercialization, allowing Turn to focus on innovation while leveraging Medline's extensive infrastructure. CEO Bradley Burnam emphasized the transformative nature of this collaboration for the company. Although specific financial details and development timelines remain confidential, Turn plans to provide further updates as they progress. Turn Therapeutics is dedicated to developing therapies for dermatology, wound care, and infectious diseases and has received FDA clearances for their formulations.
Potential Positives
- Turn Therapeutics has entered into a global supply, development, and license agreement with Medline, a leader in medical-surgical products, allowing for a long-term collaboration that could significantly enhance the company's market presence.
- The partnership will leverage Turn's proprietary PermaFusion® delivery platform, which may lead to innovative product development and commercialization, potentially broadening the company's product offerings.
- This collaboration enables Turn Therapeutics to focus on scientific innovation while utilizing Medline’s extensive infrastructure, which could accelerate its entry into both professional and consumer markets.
- The agreement signifies a transformative milestone for Turn, indicating confidence in their capabilities and fostering potential growth in various healthcare sectors.
Potential Negatives
- Confidentiality of financial terms and product categories may raise concerns about the transparency and potential risks associated with the agreement.
- The reliance on a partnership with Medline could signal that Turn is not fully prepared to independently manage its commercialization efforts, indicating potential weaknesses in its operational capabilities.
- The mention of inherent uncertainties and risks associated with forward-looking statements suggests there may be significant challenges ahead that could impact the company's objectives and market performance.
FAQ
What is the new agreement announced by Turn Therapeutics?
Turn Therapeutics has entered a global supply, development, and license agreement with Medline to develop and commercialize products using their PermaFusion® platform.
How does the partnership with Medline benefit Turn Therapeutics?
This collaboration allows Turn to focus on scientific innovation while leveraging Medline's extensive infrastructure to reach professional and consumer markets globally.
What are the areas of development for Turn Therapeutics?
Turn is developing next-generation therapies for dermatology, wound care, and anti-infectives, with FDA clearances for its formulations already in place.
What is PermaFusion® and its significance in this agreement?
PermaFusion® is Turn's proprietary delivery platform that will be utilized for developing and commercializing new therapeutic products in collaboration with Medline.
When can we expect updates on product development from Turn?
Turn Therapeutics expects to provide updates as joint initiatives progress towards commercialization and after achieving development milestones.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TTRX Insider Trading Activity
$TTRX insiders have traded $TTRX stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $TTRX stock by insiders over the last 6 months:
- ARTHUR F GOLDEN purchased 20,202 shares for an estimated $99,999
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- ZURAIZ CHAUDHARY (See Remarks) purchased 5,050 shares for an estimated $24,997
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Full Release
WESTLAKE VILLAGE, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Turn Therapeutics (Nasdaq: TTRX) (“Turn” or the “Company”), a clinical-stage biotechnology company developing next-generation dermatology, wound, and anti-infective therapies, today announced it has entered into a global supply, development, and license agreement with Medline, the largest provider of medical-surgical products and supply chain solutions serving all points of care.
The agreement establishes a long-term collaboration to develop, manufacture, and commercialize products leveraging Turn’s proprietary PermaFusion ® delivery platform.
Turn Therapeutics CEO Bradley Burnam commented, “Partnering with Medline represents a transformative milestone for Turn. Medline’s global reach, operational excellence, and leadership in healthcare supply and distribution make it an ideal partner to accelerate our entry into professional and consumer markets. This collaboration allows Turn to focus on scientific innovation and product development while leveraging Medline’s infrastructure to deliver advanced solutions to providers and patients worldwide.”
All financial terms, specific product categories, and development timelines remain confidential in accordance with the terms of the agreement. The Company expects to provide further updates as joint initiatives progress toward commercialization and as development milestones are achieved.
About Medline
Medline is the largest provider of medical-surgical products and supply chain solutions serving all points of care. Through its broad product portfolio, resilient supply chain, and leading clinical solutions, Medline helps healthcare providers improve their clinical, financial, and operational outcomes. Headquartered in Northfield, Illinois, the company employs more than 43,000 people worldwide and operates in over 100 countries and territories. To learn more about how Medline makes healthcare run better, visit
www.medline.com
.
About Turn Therapeutics
Turn Therapeutics is a biotechnology company developing and commercializing products for dermatology, wound care, and infectious disease. The company has received three FDA clearances for its proprietary wound and dermatology formulations and is advancing late-stage clinical programs in eczema and onychomycosis. In addition, Turn is pursuing global health initiatives in thermostable vaccine delivery designed to serve underserved areas worldwide, reflecting its commitment to public health innovation.
Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “suggest,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Turn’s current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict, including risks related to the timing and effectiveness of the Company’s registration statement, the success of development programs, and the Company’s ability to execute its strategic plan. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Turn Therapeutics in general, see the risk disclosures in the Company’s filings with the SEC. All such forward-looking statements speak only as of the date they are made, and Turn undertakes no obligation to update or revise these statements, whether as a result of new information, future events, or otherwise.
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