Inotec AMD Limited appoints new CEO

Inotec AMD Limited appoints new CEO

Cambridge, UK – 2 March 2018 - Cambridge based Inotec AMD Limited is pleased to announce the appointment of Craig Kennedy as its new Chief Executive Officer on 3 March 2018.

Inotec AMD is a maker of mobile medical devices designed to heal chronic, hypoxic wounds that afflict millions of sufferers around the world every year. The global wound-care market is projected to grow to $18.3 billion globally in 2019, driven in part by changing life styles and ageing populations in many countries. There are some 400 million diabetes sufferers around the world, some 60 million of whom are likely to develop a lower limb ulcer. As more than 90% of wounds suffer from a lack of oxygen, the launch of NATROX® addresses this serious concern with a simple, cost-effective application which treats a broad spectrum of chronic health problems.

Craig Kennedy brings on board a proven track record of building business in the wound care space. Most recently, he was CEO of MolecuLight, a Toronto Canada based wound care start up that developed and launched a imaging device capable of detecting bacteria in wounds. Prior to MolecuLight, Craig was VP of Business Development and Strategy for Systagenix and was a key member in the divestiture of that business to Acelity. Craig has over 25 years of progressive experience in the medical device and pharmaceutical industry.

Dr Adrian Parton MBE, Chairman of Inotec AMD said “The Board of Directors are pleased to announce the appointment of Craig Kennedy who will be starting his new role as CEO of the company in March and we believe that his extensive global experience of the wound care market will help the Company drive the growth of Inotec AMD’s novel oxygen therapy products on a global basis”.

Mr Kennedy commented that "I am excited to lead the Inotec AMD team at this exciting time. NATROX® is a excellent product with great potential to positively impact the lives of millions of people living with debilitating chronic wounds. The industry is ripe for the introduction of clinically effective active therapy to improve the lives of millions living with these wounds."

Inotec continues to develop a world class team and is preparing to launch the product into the United States market during 2018.

Information for clinicians

Oxygen is critical to many of the processes required in wound healing. NATROX® Oxygen Wound Therapy allows you to prescribe topical oxygen in a very simple, safe and extremely convenient way directly to the wound bed.

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Information for patients

NATROX® Oxygen Wound Therapy is a small portable device about the size of a mobile phone. Its function is to produce concentrated oxygen from the surrounding air, and pass this down a thin flexible tube directly to a wound that is failing to progress as expected.

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Inotec AMD’s mission is to improve the quality of life for patients with chronic wounds by providing NATROX® an innovative topical oxygen therapy. Our culture is derived from a passion for medicine, compassion for patients, respect among employees and a commitment to all our internal and external customers.

Craig Kennedy CEO
Craig Kennedy