BACKGROUND

The need for improved parasite management products is imperative - there is widespread public concern
about the impact of older unsafe chemicals and resistance to existing products continues to increase.

Hatchtech is addressing this need through its unique technology platform which has enabled the development of a new generation of highly effective, safe products with activity against eggs and mature (larval/adult) life-cycle stages.

Hatchtech is focused on improving parasite control in markets where products are experiencing declining effectiveness or there is dissatisfaction with the safety & acceptability of current products. In particular Hatchtech aims to bring a safer, more effective product to parents of school age children experiencing problems with lice and nits.

The company is seeking parties interested in such technologies and products as commercial partners.

PRODUCTS

Head Lice

The Company's lead product is DeOvo™, a new class of head lice control product that aims to  overcome the efficacy and resistance issues in most current products.

Nit survival leading to re-infestation and failure to kill all lice due to resistance are the major causes of treatment failure. This leads to the frustration and costly cycles of re-treatment experienced by children and their parents.

Hatchtech's DeOvo™ will allow parents to treat lice and nits with a simple, single topical treatment; saving time, money, embarrassment and providing a better outcome for their children.

DeOvo™ has recently completed a successful Phase IIa clinical study in which the product was shown to be safe and well-tolerated.  The study also showed that the product was effective at killing lice and eggs in a single, short treatment.  It is anticipated that a Phase IIb study will commence during 2010.

Other

Hatchtech also has proof of concept for several compounds in a wide range of parasites and pests of animals, crops and the built environment. These findings are being further investigated as potential products in animal health fields. 

[Last updated March 2010]