Company Description
United Health Products, Inc. (UEEC) is a medical device company in the surgical and medical instrument manufacturing industry. According to company disclosures, United Health Products (often referred to as UHP) develops, manufactures and markets hemostatic gauze products based on a patented Neutralized Regenerated Cellulose technology. Its products are designed to control bleeding and are positioned for use in healthcare settings.
The company’s core product is a Neutralized Regenerated Cellulose hemostatic agent marketed under the CelluSTAT name (formerly branded as HemoStyp). UHP describes CelluSTAT as an all‑natural hemostatic gauze designed to control mild to moderate bleeding. The company reports that it has developed and patented this hemostatic agent and that it is seeking regulatory approval to access the human surgical market.
Business focus and product applications
United Health Products states that it develops, manufactures and markets HemoStyp hemostatic gauze products. In multiple company updates, UHP explains that it offers a suite of hemostatic products to the dental, veterinary and emergency medicine markets. These products are based on the same Neutralized Regenerated Cellulose technology and are intended to help control bleeding in those settings. In parallel, the company is pursuing regulatory pathways to expand into human surgical applications.
The company has reported that its absorbable hemostatic gauze has been evaluated in clinical studies. In one update, UHP described a clinical trial involving hundreds of patients in which a subset were treated with its hemostatic gauze. The company stated that the trial results showed both non‑inferiority and superiority for time to hemostasis using CelluSTAT relative to the standard of care, with no adverse events attributed to the product in that study. UHP has also indicated that it is working with regulators to provide additional data for specific surgical applications.
Regulatory pathway and clinical studies
United Health Products has provided extensive detail on its Premarket Approval (PMA) application process with the U.S. Food and Drug Administration (FDA) for its absorbable hemostatic gauze. The company has reported that it is using the FDA’s electronic Submission Template and Resource (eSTAR) platform to submit its PMA application and that the same eSTAR submission is part of a joint pilot program involving Health Canada. UHP has emphasized that there can be no assurance that its PMA or Health Canada applications will be approved.
In its communications, UHP has described a series of steps undertaken to support its PMA application, including:
- Producing multiple batch lots of HemoStyp gauze to demonstrate consistency and uniformity of its manufacturing process for a Class III medical device.
- Conducting laboratory testing on these lots to assess parameters such as pH level, moisture content and chloride content, and addressing anomalies identified in early testing by adjusting sample preparation procedures.
- Working with external packaging and sterilization service providers and an FDA‑certified packaging partner to conduct packaging integrity, sterilization, stability and bioburden testing on packaged products.
- Completing testing related to radiation sterilization protocols and reporting that results were within acceptable bioburden levels for Class III products.
The company has also discussed its interactions with the FDA regarding deficiencies identified in its PMA application. UHP has described receiving a deficiencies letter from the FDA, submitting a Submission Issue Request in response, and holding a videoconference with the FDA to discuss its proposed resolutions. Topics discussed included clinical testing, biocompatibility, product sterilization and shelf life.
In later updates, UHP explained that the FDA requested additional data to confirm the safety and effectiveness of CelluSTAT in surgical procedures in the intestinal and thoracic organ space. To address this, UHP has proposed enrolling a limited number of human subjects in a multi‑site study as an extension of its pivotal study, focusing on procedures within the organ space. The company has also reported that the FDA confirmed that an earlier concern regarding use of CelluSTAT in vascular graft procedures had been adequately addressed.
Planned clinical study and study design elements
United Health Products has described a planned clinical study of its CelluSTAT Hemostatic Gauze product in response to the FDA’s request for additional clinical data. The company reported that it submitted an Investigational Device Exemption (IDE) application to the FDA, which includes a proposed study protocol. According to UHP, the planned study would involve approximately 30 subjects across 3–5 surgical facilities and would aim to confirm non‑inferiority and superiority, as well as safety, of CelluSTAT versus the standard of care in open surgical procedures in the abdominal space.
UHP has stated that it has solicited and reviewed proposals from several contract research organizations (CROs) to provide clinical study project management, site monitoring, safety oversight and data management services, and that a CRO partner has been selected. The company has also reported engaging with surgical center operators to identify and evaluate suitable sites for the clinical study, and it has indicated that it plans to finalize site evaluations, prepare training materials for site investigators and engage a Central Institutional Review Board (IRB) to oversee the study process.
Current markets and target expansion
In its press releases, United Health Products consistently states that it currently offers hemostatic products to the dental, veterinary and emergency medicine markets. These markets provide existing commercial channels for HemoStyp‑based products. At the same time, the company emphasizes that it is seeking approval to access the human surgical market through the PMA process with the FDA and a related review process with Health Canada. This regulatory focus reflects UHP’s intent, as stated by the company, to expand the use of its Neutralized Regenerated Cellulose hemostatic agent into broader surgical applications, subject to regulatory approval.
Capital structure and financing activities
United Health Products trades under the symbol UEEC on the OTC Pink (OTCPK) marketplace. In a Form 8‑K filing, the company reported entering into a Securities Purchase Agreement with Alumni Capital LP, under which Alumni made a loan to the company evidenced by a senior convertible promissory note. The filing describes the note’s principal amount, interest terms, maturity date and conversion features, including the ability of Alumni to convert outstanding amounts into restricted shares of the company’s common stock at a specified conversion price, subject to certain adjustments and ownership limitations.
The same 8‑K filing explains that the company entered into a registration rights agreement with Alumni Capital LP, under which UHP agreed to file a resale registration statement on Form S‑1 to register the resale of shares underlying the note. The company also reported entering into an Any Market Purchase Agreement (AMPA) with Alumni, giving UHP the right, but not the obligation, to sell shares of its common stock to Alumni up to a stated commitment amount over a defined term, subject to conditions described in the agreement. In consideration for Alumni’s execution and performance under the AMPA, UHP issued a common stock purchase warrant (the Commitment Warrant) to purchase a specified number of shares at a stated exercise price, subject to adjustments.
In several press releases, UHP has noted that the design, execution and analysis of its clinical studies and completion of remaining tasks to address FDA deficiencies will require external funding. The company has stated that it is in discussions with potential capital providers, including certain longtime investors, to raise the necessary funds and that it will seek to negotiate private placement terms that minimize dilution to existing shareholders. UHP has also indicated that it does not anticipate drawing upon an existing stock purchase agreement with White Lion Capital in one of its updates.
Corporate and trading considerations
United Health Products has acknowledged what it describes as a historically low market price of its common shares and difficulties faced by certain investors in achieving liquidity in their shareholdings. In response, the company has identified several actions it believes may address these market conditions, including the expansion of its Board of Directors and establishment of a qualified Audit Committee, the retention of an outside investor relations firm to help reach a broader investor universe, and seeking an uplisting from the current OTCPK exchange to a more established trading platform such as OTCQB or a similar exchange, subject to raising necessary capital.
The company has stated that it plans to issue press releases on a regular basis to provide progress reports on its clinical study process and related corporate actions. Across its communications, UHP repeatedly cautions that there can be no assurance that its PMA application or related regulatory submissions will be approved.
Regulatory and geographic context
United Health Products has referenced operations and activities in locations such as Mesquite, Nevada and Mount Laurel, New Jersey in its press releases and filings. The company’s Form 8‑K identifies it as a Nevada corporation and provides a mailing location in Mount Laurel, New Jersey. UHP works with U.S.‑based, FDA‑certified packaging partners and external laboratories and service providers to conduct testing required for Class III medical devices.
Through its focus on Neutralized Regenerated Cellulose hemostatic agents, United Health Products operates within the broader medical device and surgical instrument manufacturing sector, with an emphasis on bleeding control products. Its public disclosures center on product development, manufacturing consistency, packaging and sterilization testing, clinical trials, and regulatory engagement with agencies such as the FDA and Health Canada.
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Short Interest History
Short interest in United Health Pr (UEEC) currently stands at 9.9 thousand shares, down 80.2% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has increased by 321.5%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for United Health Pr (UEEC) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.