Here are three points:
1. Smith & Nephew will pay $125 million upfront followed by $85 million over the next five years if certain financial targets are met.
2. The deal is supposed to close later this year, and while the purchase is not supposed to boost Smith & Nephew’s earnings in 2018, the company expects earnings to increase in 2019.
3. Rotation Medical develops tissue regeneration technology for shoulder rotator cuff repair. The sale of the company is cleared in the U.S. and a filing is being prepped in Europe.
More articles on biologics:
Anika Therapeutics appoints new chief human resources officer: 5 points
Dr. Alok Sharan presents results of novel surgical procedure at the NuVasive Spine Summit
Dr. Mark Miedema treating arthritis with stem cells: 3 points
