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Wright Medical Group to Buy BioMimetic for About $380M Featured

Written by  Heather Linder | Tuesday, 20 November 2012 11:53
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Medical device manufacturer Wright Medical Group has agreed to purchase BioMimetic Therapeutics for up to $380 million, according to Memphis Business Journal.
Wright Medical will pay $190 million in cash and stock for BioMimetic, which produces regenerative medicine products for bone and tissue repair. Contingent payments of up to $190 million may be made, pending FDA approval of a new BioMimetic product.  

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