Smith & Nephew swoops for US medicine firm in £500m deal

Smith & Nephew, the Hull-headquartered medical technology firm, has agreed to acquire a US-based regenerative medicine business in a deal worth more than £500m. Osiris Therapeutics delivers regenerative medicine products, including skin, bone graft and articular cartilage substitutes. The Nasdaq-listed firm delivered revenues of $102m for the nine months ending 30 September 2018, an 18.7% increase over the same period in 2017. Smith & Nephew have valued Osiris’ shares at $19 each, representing a total equity value... For the full story register now for free or login below...
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