Stratatech, a Madison, WI-based company that’s developing cell-based human tissue for treating burn wounds, has been acquired by Mallinckrodt Pharmaceuticals, the U.K.-based drugmaker said earlier this week.
Becoming part of Mallinckrodt (NYSE: MNK), which has a market cap of more than $8 billion and offices located around the world, could help speed the commercialization of the skin-like tissue Stratatech has created, which is designed to coax burn victims to naturally regrow skin.
“We believe Stratatech’s technology has the potential to transform the standard of treatment for wound care,” Mark Trudeau, president and CEO of Mallinckrodt, said in a prepared statement. “The acquisition will bring world-class Stratatech researchers with deep expertise in cell-based, differentiated regenerative medicine to Mallinckrodt’s research team.” Read the full story here.
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