The Buzz About Medical Honey
By Elizabeth Esfahani

(Business 2.0) - Ancient Egyptians treated injuries with honey, and World War II doctors dressed wounds with it. Now honey is back on the medical scene, thanks to a startup called MediHoney.

A subsidiary of Australia's Capilano Honey, a maker of edible honey with $80 million in annual sales, MediHoney makes creams, ointments, and other products that treat everything from surgical wounds to eczema. Honey's chemical makeup is determined by local plant life, so MediHoney and two U.K.-based competitors, Medlock Medical and Advancis Medical, sell different therapeutic varieties. In Australia, MediHoney founder Anthony Moloney discovered three types with high levels of hydrogen peroxide and antibacterial properties. "The view about honey is changing dramatically," Moloney says.

Now targeting Australia and parts of Europe, MediHoney hopes to gain Food and Drug Administration approval in 2006 and get a taste of the U.S. advanced wound-care market, which Business Communications estimates will hit $2.8 billion in 2008. It'll be up to MediHoney to make sure the idea sticks. Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.