Globus Medical signed a contract with a Collagen Solutions subsidiary, according to Stock Market Wire.
Collagen Solutions will supply fibrous collagen powder for Globus Medical to use in their bone graft products. Collagen Solutions is based in the United Kingdom.
"Our agreement with Globus today comes at an exciting time for the company," said Dr. Stewart White, CEO of Collagen Solutions. "Globus utilizing our fibrous collagen powder is another example of how Collagen Solutions will realize its value, through strong and long partnerships with customers, founded on early stage commitment and the provision of quality, competitive collagen materials to ensure the provision of cost-effective healthcare for patients."
Globus Medical reported $434.5 million in 2013 sales.