Data from Pharmawand - Curated by EPG Health - Date added 13 February 2018

Elastagen Pty Ltd, a clinical stage company developing medical device products based on recombinant tropoelastin, announced that it has entered into a definitive agreement under which Allergan plc, a leading global biopharmaceutical company, has agreed to acquire Elastagen for an upfront payment of $95 million plus contingent, commercial payments.” Elastagen’s revolutionary technology is based on recombinant human tropoelastin, the precursor of elastin which is a key component of youthful skin. Elastagen’s tropoelastin is identical to that present in human tissue, and has many potential clinical applications, including treatment for acne scars, stretch marks, aesthetic skin repair and surgical wound repair.

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