Advanced Medical Solutions acquired Sealantis, for $25m.

Advanced Medical Solutions, the surgical and advanced wound care specialist company, acquired Sealantis, a developer of an alginate-based tissue adhesive technology platform, for $25m. Commenting on the acquisition, Chris Meredith, CEO of AMS, said: "This acquisition is in line with our strategy to acquire technologies that are complementary to our surgical portfolio as well as allowing us to leverage our global routes to market. 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. We are particularly excited to welcome Sealantis' innovation team of R&D experts to AMS and look forward to working alongside them to develop the technology in a wide range of potential applications and indications. As we work towards the commercialisation of Seal-G Surgical Sealant over the next 18 months, we expect to maximise the full value of the platform and this innovative technology. AMS continues to actively monitor and evaluate other acquisition opportunities to capitalise on its strong financial and strategic position."