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TMC receives option to acquire surgical sealants maker ProFibrix for $10mm up front; option exercised

Executive Summary

The Medicines Co. (TMC; critical care products) has paid $10mm up front for an option to acquire privately held ProFibrix BV (topical surgical sealants used in hemostasis and tissue healing), which would become a wholly owned subsidiary.
Deal Industry
  • Biotechnology
  • Medical Devices
    • Surgical Equipment & Devices
      • Surgical Sealants
Deal Status
  • Final
Deal Type
  • Acquisition
    • Intra-Biotech Deal
    • Includes Earnout
    • Payment Includes Cash
    • Acquisition of Private Biotech
    • Full Acquisition

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