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'Profitable, High-Growth' CellRight Bulks Up Tissue Regenix's Ortho Biz

 
• By Tina Tan

In acquiring CellRight Technologies, a young but already profitable US company specializing in regenerative bone technologies, UK regenerative medicine firm Tissue Regenix will significantly bulk up its portfolio and accelerate its global commercial growth plans.

Business partners hands on top of each other symbolizing companionship

Tissue Regenix Group PLC (TRX) is acquiring CellRight Technologies, a US bone regeneration technology specialist, in a deal worth up to $30m. The acquisition is the first for Leeds, UK-based TRX and will significantly flesh out the company's portfolio – which has only one product being sold on the market – with 13 other products that are already being commercialized in North America and beyond.

TRX currently sells in the EU and US its DermaPure wound care product, which brought in revenue of £1.4m in 2016. The tissue scaffold is based on the firm's proprietary...

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