Organization: Angiotech Pharmaceuticals Inc

Angiotech acquires major manufacturing firm

Vancouver’s Angiotech Pharmaceuticals Inc has acquired privately held American Medical Instruments Holdings Inc (AMI) for US $785 million. The purchase propels Angiotech from a primarily R&D and intellectual property-based company to one with considerable manufacturing capacity and a strong sales and marketing workforce. The cash purchase is being made through loans and other debt financings…

Angiotech acquires California -based Cohesion

Vancouver’s Angiotech Pharmaceuticals Inc has announced its intention to acquire Cohesion Technologies Inc, Palo Alto CA, in an all stock merger transaction worth US$42 million. The deal is expected to close by Q1/03, creating a major player in the emerging field of bioactive devices and implants. Cohesion (formerly Collagen Corp) brings to the merger a…