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MiMedx Group, Inc. Message Board

  • stemcellmagnet stemcellmagnet Oct 11, 2013 11:34 AM Flag

    Shire is giving serious consideration on unloading Dermagraft!

    Ornskov also said that divesting Dermagraft, a treatment for diabetic foot ulcers, isn’t out of the question, this person said. Shire acquired the product with its $750 million purchase of Advanced Biohealing Inc. in May 2011. The company abandoned efforts to develop Dermagraft for leg ulcers in August 2011 after it failed in a clinical trial. Sales of Dermagraft dropped 65 percent to $19 million in the fourth quarter, Shire said Feb. 14.

    Sentiment: Strong Buy

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