NexGel launches new hydrogel, shares shed early gains

Nexgel

08/12/2022 16:52

(Updates)
    ** Shares of medical hydrogel provider NexGel Inc  NXGL.O 
shed early gains to drop 17.5% to $1.3 
    ** Co reports launch of Turfguard, a hydrogel dressing for
soothing turf burn and protecting athletic wounds
    ** Turf burn can cause loss of skin layers, allowing an open
wound to develop
    ** Co says Turfguard patches maintain a moist wound
environment and aid in removing non-viable tissues from wound 
    ** Turfguard's FDA-cleared sterile silver patches, which
help in healing of wounds and preventing infection, kill 99% of
infection causing bacteria - NXGL
    ** Including session's moves, NexGel stock down 50.9% YTD 
 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))