Smith & Nephew expands in regenerative medicine via acquisition

12 March 2019

UK medical technology company Smith & Nephew plc (LSE: SN) has agreed to acquire Osiris Therapeutics (Nasdaq: OSIR), a fast growing company delivering regenerative medicine products, including skin, bone graft and articular cartilage substitutes, for $19.00 per share in cash, representing a total equity value of around $660 million.

The companies expect to close the transaction in the second quarter of 2019, subject to customary closing conditions.

In early afternoon trading in London, Smith & Nephew shares were 1.3% higher at 1,480.50 pence, while Osiris increased just 0.77% to $19.02.

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