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Osiris Therapeutics

Company

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Owners

Osiris Therapeutics is producer of medicines of reparative medicine, founded in 1992. The headquarters of the company is located in the State of Maryland, the USA. Osiris Therapeutics produces a number of the medicines used in the course of recovery of skin, a bone tissue and a cartilage. Also bone and cartilaginous autotransplant who are applied to surgical treatment of local defects of a cartilage of a knee joint are among products. More than 70% of its sales are the share of two products: Grafix (it is used for regeneration of skin at extensive wounds) and Stravix (it is applied to recovery of soft fabrics).

History

2019: Smith & Nephew purchased Osiris Therapeutics for $660 million

On March 12, 2019 the British producer of medical products Smith & Nephew announced acquisition of Osiris Therapeutics for $660 million Smith & Nephew announced that it will pay shareholders of Osiris Therapeutics $19 of own means for each stock owned by them. A day earlier, on March 11, the stocks Osiris were closed on a mark of $18.88. The stocks Osiris rose more than 32% since the beginning of year, and the considerable share of growth is caused by the declaration of the transaction.

According to the representative of Smith & Nephew, the transaction should increase the amount of profit of the company and provide new sources of revenue growth. The fast-growing market of reparative and regenerative medicine is of huge interest to Smith & Nephew company, and purchase of Osiris Therapeutics will allow the company to expand easily a service portfolio and to accelerate rates of development of the relevant divisions.

In March, 2019 Smith & Nephew purchased producer of bone and cartilaginous implants Osiris Therapeutics

The CEO of Smith & Nephew Namal Nawana told about intentions of the company to use similar transactions as a business development method in the field of orthopedic reconstruction, sports medicine and care of wounds. Considering rather small cost of Osiris Therapeutics, Smith & Nephew has an opportunity to conclude some more bargains until the end of the year. It is known that in February, 2019 Smith & Nephew conducted negotiations with NuVasive, producer of the medical tools used in backbone surgery, but results were not disclosed yet.[1]

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