Shire To Buy Maker Of Synthetic Skin | May 23, 2011 Issue - Vol. 89 Issue 21 | Chemical & Engineering News
Volume 89 Issue 21 | p. 23 | Concentrates
Issue Date: May 23, 2011

Shire To Buy Maker Of Synthetic Skin

Department: Business
Keywords: skin substitute

Shire has agreed to pay $750 million to acquire Advanced BioHealing, a maker of a bioengineered skin substitute used in the treatment of diabetic foot ulcers. ABH had sales last year of $146 million, which Shire figures is about 5% of the potential market for slow-healing diabetic foot ulcer treatments. ABH was on the verge of making an initial public offering of stock when the deal was announced. Shire says ABH will be the core of a new business in regenerative medicine.

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