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Angiotech to acquire Cohesion Technologies for $42 million

Angiotech Pharmaceuticals (Vancouver, Canada) is to acquire the California-based biosurgical materials company, Cohesion Technologies, in an all-stock transaction valued at about $42m. The deal, scheduled for completion in the first quarter of 2003, will provide Angiotech with an entry into the $1.5bn biosurgical materials market.

Angiotech Pharmaceuticals (Vancouver, Canada) is to acquire the California-based biosurgical materials company, Cohesion Technologies, in an all-stock transaction valued at about $42m. The deal, scheduled for completion in the first quarter of 2003, will provide Angiotech with an entry into the $1.5bn biosurgical materials market.

Angiotech plans to apply its drug-coating know-how to create drug-delivery vehicles using Cohesion's biomaterials, which include the vascular sealant, CoSeal,...

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