Tissue Regenix to acquire US regenerative medicines firm

21 July 2017

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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