Advanced Medical Solutions acquires Sealantis for $25m

Writer, Stock Market Wire
Thursday, January 31, 2019 - 10:14

Advanced Medical Solutions Group, a surgical and advanced wound care company, said Thursday it had acquired Sealantis for $25m in cash.

Sealantis is a developer of an alginate-based tissue adhesive technology platform.

Under the terms of the deal, the company pledged to pay Sealantis royalties, in-line with market rates, on future sales of existing products in development until the end of 2027.

The company said it would maximise the value of the investment by injecting £8m in R&D, regulatory and clinical costs, which would be fairly evenly spread over the next three years, depending on clinical trial progress.

Until the commencement of product sales, which were expected to take place in first half of 2021, the acquisition was expected to be earnings dilutive owing to investment in R&D, regulatory costs, and clinical studies, the company said.

'The acquisition enhances our access to a significant and high-margin market in internal surgery, which includes areas of unmet need for effective and absorbable internal sealants, a market estimated at $1 billion,' the company said.

At 10:14am: (LON:AMS) Advanced Medical Solutions Group PLC share price was +6p at 297p

Related content

Advanced Medical Solutions profit falls as delayed product launches, competition hurt growth

Advanced Medical Solutions reported a fall in profit as revenue growth was hampered by delayed product launches and a ramp up in competition.


Wed, 11/09/2019 - 08:15

Advanced Medical Solutions gains FDA approval for two woundcare products

Advanced Medical Solutions Group said it had received approval from the US Food and Drug for its two advanced woundcare products.

Both products -...

Tue, 30/07/2019 - 10:14

Brexit de-stocking worry for wound care specialist Advanced Medical Solutions

Wound care specialist Advanced Medical Solutions has confirmed that it is trading in line with its own expectations but has warned that customer de-stocking because...

Fri, 21/06/2019 - 09:03

Broker Forecast - Numis issues a broker note on Advanced Medical Solutions Group PLC

Numis today upgrades its investment rating on Advanced Medical Solutions Group PLC (LON:AMS) to add (from hold).

Broker Forecasts data provided by

Thu, 30/05/2019 - 08:20

Advanced Medical Solutions profits rise 12% amid 'solid' growth in branded division

Advanced Medical Solutions Group reported Wednesday profit increased by more than a tenth on an uptick in revenue driven by sales in its branded division....

Wed, 13/03/2019 - 09:20