Tissue Regenix to acquire US regenerative medicines firm
UK-based Tissue Regenix (AIM: TRX) has announced the conditional acquisition of CellRight Technologies, a US regenerative medicine business.
Regenerative medical devices firm Tissue Regenix notes that the acquisition candidate is focused on the development and commercialisation of a range of human tissue products based on proprietary bone processing techniques and soft tissue products for clinical applications in spine, dental, sports medicine and general surgery.
The proposed transaction involves a total consideration of up to $30.0 million. Tissue Regenix explains that:
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