Wound Solutions Limited (04794957): administration
- Status
- Administration ended
- Administration began
- 2014-12-09
- Administrators
- Stephen Mark Katz, Paul Robert Appleton
- Administrators' firm
- Williams & Partners
- Formerly
- MSL Medical Wound Care Limited
- Incorporated
- 2003-06-11
- Location
- London
- Industry
- 72110 Research and experimental development on biotechnology
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company’s principal activity is that of a medical technology company focused on understanding and developing products for the global wound care market Founded in 2005 and funded in 2006, the Company has spent the last 8 years establishing patient and healthcare provider needs in this sector This has generated the first of two products, primarily focused on venous leg ulcers (VLUs) These products were undergoing regulatory approvals globally, with a view to marketing the first product in 2014
The Company was founded on the behef that there 1s a more efficient and less costly way to treat chronic leg ulcers than the methods currently available By developing technology that places more control! and information in the hands of patients and healthcare practitioners, patients are able to heal more quickly and frequently
The first product, TNO1, 1s a simple theranostic type system that provides diagnostic data and feedback to patients and healthcare practitioners which enables them to monitor and tarlor therapy TNO1 has features that monitor the application of multi-layer compression bandages with alerts to remind the patient to elevate or exercise their legs, as well as a monitoring feature that enables the healthcare practitioner to better counsel patients on how to alter behaviour to maximise healing potential These features are all patient centred and therefore in line with an approach to treatment whereby the patient 1s empowered to take responsibility for their own healing These features were to make TNO] a new standard of care in conjunction with compression bandages in treating VLUs
Administrators' statement of proposals (2015-02-23) · Companies House register