Sofregen buys Allergan ’ s Seri surgical scaffold

Sofregen Medical said today that it bought the Seri surgical scaffold from Allergan (NYSE:AGN) for an undisclosed amount. Polaris Partners and other investors provided financing for the acquisition, according to the Medford, Mass.-based company. Seri, which is approved by the FDA for use as soft tissue support in plastic and reconstructive surgical procedures, is the only approved silk-based surgical mesh on the market. Allergan acquired the technology when it bought Serica Technologies in 2010, a spinout from Tuft University’s biomedical engineering lab run by David Kaplan and Fiorenzo Omenetto. “Silk has proven to promote regeneration of the body’s own tissue, allowing for tremendous potential to effectively repair both disfiguring injuries and delicate defects,” Sofregen chairman Howard Weisman said in prepared remarks. “The global market for products to address soft-tissue aesthetics is estimated to reach $5 billion next year. We are excited to be adding the Seri product line to our platform, and look forward to continuing to help surgeons who are eager to restore confidence and improve the quality of life for patients around the world.” “As the new supplier of Seri Surgical Scaffold, Sofregen is committed to meeting the needs of customers without disruption,” incoming president & COO Christopher White added. “We are bolstering our commercial organization, adding field-based sales representatives and medical affairs...
Source: Mass Device - Category: Medical Equipment Authors: Tags: Materials Testing Regenerative Medicine Surgical Allergan Inc. Serica Technologies Sofregen Medical Source Type: news