We are very excited to announce the great news that Adhesys Medical, our MedTech Innovator 2016 Execution Award Winner, has been acquired by The Grunenthal Group. You can read the details below from the press release announcing the acquisition. Congratulations to Alex Schueller and the team at Adhesys!
AACHEN, Germany, April 7, 2017 /PRNewswire/ —
The acquisition of Adhesys Medical and its highly innovative pipeline of surgical sealants, together with theunderlying technology platform, allows Grünenthal to tap into the global $1 billion surgical sealants market
This contributes to Grünenthal‘s ambition to reach €2 billion in annual sales by bringing four to five innovative new productsto market in areas of high unmet medical need
The acquisition diversifies Grünenthal‘s current portfolio beyond NCEs in pain, gout and inflammation