Derma Sciences Inc said it will purchase privately held MedEfficiency Inc for $14.5 million to gain access to its device that will help support Derma's treatment of diabetes-induced foot ulcers. Derma expects to start a late-stage trial of its foot ulcer treatment, DSC127, in the second half of this year.MedEfficiency's TCC-EZ Total Contact Cast is a pressure reducing device that rolls onto a patient's leg to provide additional support for the treatment of diabetic foot wounds."This acquisition also gives us global rights to products, further increasing our product portfolio to our expansion markets of Europe, the Middle East and Asia," Derma's Chief Executive Edward Quilty said in a statement.Derma, which specializes in products that treat wounds, from common burns to deep skin gashes, said it expects to complete the transaction by April 30.
Derma Sciences, Inc. (Derma Sciences) is a specialty medical device/pharmaceutical company with a primary focus on wound care. Shares of DSCI remained unchanged at $9.50. In the past year, the shares have traded as low as $6.94 and as high as $11.65. On average, 68148 shares of DSCI exchange hands on a given day and today's volume is recorded at 0.
Source
