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Minute Insight: Coloplast Adds Icelandic Wound Care Innovator Kerecis For $1.3BN

 
• By Reed Miller

Coloplast expects Kerecis' rapid growth to justify the high price of the acquisition. The Icelandic company's skin-substitute products are made from minimally processed cod skins.

Minute Insight
• Source: Citeline/Alamy

Coloplast plans to acquire Iceland-based biotech company Kerecis for up to $1.3bn to improve its biologics offerings in the rapidly growing advanced would care market, especially in the US.

The companies expect the deal to close by the end of Coloplasts’ fiscal year in September. After the deal closes, Kerecis will continue to operate as a standalone business unit...

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