Minute Insight: ConvaTec Enters Wound Biologics Market By Acquiring Triad

ConvaTec will pay $125m upfront for Memphis-based Triad, plus up to $50m in short-term milestone payments and up to $275m more contingent on Triad’s financial performance over the next two years.

Minute Insight
• Source: Informa/Alamy

ConvaTec Group will pay up to $450m to buy Triad Life Sciences and enter the fast-growing wound biologics market.

Terms of the deal, announced on 28 January, call for ConvaTec to pay $125m upfront for Triad. ConvaTec has also agreed to pay two additional $25m payments for “short-term”...

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