TiGenix, a privately held medical technology company based in Cambridge, the United Kingdom, will issue ~3.7MM shares to purchase all outstanding shares of Orthomimetics, for a transaction value of €16MM (US $23.8MM) on a debt and cash free basis.
Orthomimetics was founded in 2005 as a spin-out from the University of Cambridge and the Massachusetts Institute of Technology (MIT). Its products are based on a leading collagen biomaterials platform for the production of scaffolds for cartilage, meniscus, ligament and tendon repair.
CambridgeNetwork… http://ow.ly/CJgz