Mississauga health care firm Covalon announces new chairman and CFO

Mississauga’s Covalon Technologies Ltd. has appoointed a new chairman and chief financial officer as the small health care company moves ahead with plans to market its latest wound-care products.

Covalon announced Thursday that Abe Schwartz, a shareholder of the company, will become its new chairman. Rita Jairam will become the company’s chief financial officer.

Schwartz was the founder and president of Schwartz Technologies Corp., advised the  Covalon board and was president and CEO of Cedara Software Corp. He is also a significant Covalon shareholder.

Schwartz replaces Martin Bernholtz, who has left as chairman but will continue to sit on the board and chair the company’s audit committee.

The company, located on Britannia Road East, develops medical devices used in infection control, advanced wound care, tissue repair  and medical coatings.

Covalon recently closed a $500,000 financing and has signed up new partners in the United States, Middle East and Asia while it tries to get regulatory approve for new products.

In May, it got United States Food and Drug Administration approval for IV Clear, a new antimicrobial silicone adhesive film dressing for use in surgery and other medical procedures. The FDA also cleared SurgiClear, a product used to protect wounds.


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