Advanced wound care is today a $5 billion industry, and it's growing because the underlying diseases that cause chronic wounds are also on the increase: diabetes, vascular disease, obesity, and the process of aging. There are 20 million people with chronic wounds in the world, five to seven million in the US, where the annual cost of treatment ranges from $20 to $30 billion. ( See Exhibit 1.)
Investors and strategics are very interested in "aging" plays these days, but that enthusiasm hasn't tended to extend to wound care, for a number of reasons. For one thing, chronic...
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