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Galway-based company in HP deal E-mail
Written by Deirdre O'Shaughnessy   
Wednesday, 12 September 2007
Galway-based company Crospon Ltd has reached a licensing agreement with Hewlett Packard for a new method of drug delivery – a skin patch, similar to those used by smokers for nicotine withdrawal.

Under the agreement, Crospon will receive the intellectual property licence from HP in return for royalty payments.

Speaking to the Galway Independent yesterday, Crospon CEO John O’Dea said it was a great move for the company. However, he would not disclose the financial benefit to Crospon.

Crospon will manufacture the skin patch and manage all marketing, sales and support of the technology. The patch delivers medication just below the surface of the skin and enables precise control of dosage timing, access to dosage history, patient activation mechanisms and inherent safety protocols for preventing problem reactions to the drug. Nicotine patches have become a mainstay for smoking cessation programmes; however, they have not been a widely effective delivery mechanism for many drugs because the skin acts as a natural barrier. 

Crospon, formed in 2006, is a medical device company focused on the
monitoring and treatment of diabetes and gastroesophageal reflux disorder, which employs 15 people in Galway. Crospon recently announced the closure of a €2.3 million seed round of financing, which included investment by Enterprise Ireland and The Western Development Commission.

Company founder and Chief Executive Officer John O’Dea, previously co-founded Caradyne, a Galway-based respiratory products company that was acquired by Respironics Inc in 2004.


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