ST. PETERSBURG, Fla., May 7, 2012 /PRNewswire/ -- Smith & Nephew (LSE: SN, NYSE: SNN), the global medical technology business, today announces the closing of the acquisition of privately-held Kalypto Medical, Inc., by its group company Smith & Nephew, Inc., adding to Smith & Nephew's own Negative Pressure Wound Therapy (NPWT) innovation pipeline and intellectual property portfolio.
Kalypto Medical is the manufacturer of the NPD 1000, a portable, ambulatory Negative Pressure Wound Therapy (NPWT) system. Kalypto has invested in NPWT innovation since 2006.
"Smith & Nephew entered the NPWT market nearly five years ago with the intent of delivering innovation," commented Robin Carlstein, Senior Vice President at Smith & Nephew's Advanced Wound Management division. "Our RENASYS™ and PICO™ products have disrupted the NPWT market. The acquisition of Kalypto Medical is in alignment with our strategy to bring ever more innovation to this important market, continuing our drive to reduce the human and economic cost of wounds. And through innovations in the NPWT market, we can directly impact the health and economic costs that affect our customers."
Smith & Nephew is not disclosing terms of this transaction.
Note to editors: RENASYS NPWT offers clinicians versatility through a choice of easy to use, intuitive devices and a range of foam and gauze dressing kits – allowing for treatment tailored to the individual needs of each patient. The palm sized PICO system's one-button pump and revolutionary dressing technology that manages fluids without a bulky canister represents an entirely new way to deliver NPWT and brings NPWT to a wider range of patients.
For more information about Smith & Nephew, please visit www.smith-nephew.com.About Smith & Nephew
Smith & Nephew is a global medical technology business dedicated to helping improve people's lives. With leadership positions in Orthopaedic Reconstruction, Advanced Wound Management, Sports Medicine and Trauma, Smith & Nephew has almost 11,000 employees and a presence in more than 90 countries. Annual sales in 2011 were nearly $4.3 billion. Smith & Nephew is a member of the FTSE100 (LSE: SN, NYSE: SNN).
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