An investor syndicate, led by MDY Healthcare plc and Abingworth Management, has set its sights on acquiring the entire issued share capital of Stanmore Implants Worldwide Ltd, UK, an orthopaedic specialist.

Stanmore designs and makes implants for limb salvage and complex joint replacement. It was spun out as an independent company from the Centre for Biomedical Engineering, University College, London, which currently owns it. Investors will put in a total of [pounds sterling]12.5 million sterling to buy the company and provide funds for future growth of both the core business and the clinical development of the new product, the intraosseous transcutaneous amputation ...