Article: Cardium Gains Wound Healing Technology Via TRC Purchase.

Staff Writer

In its third acquisition since it received its initial funding last fall, Cardium Therapeutics Inc. bought the assets of the Tissue Repair Co., which includes a wound healing technology and a lead product candidate to treat diabetic ulcers.

Privately held TRC will become a subsidiary of Cardium, which paid $1 million, assumed $120,000 in liabilities and agreed to provide an additional $1 million upon advancing the lead candidate, Excellerate, into a Phase II study. A DNA-activated collagen gel, Excellarate is formulated with an adenovector delivery carrier encoding human platelet-derived growth factor-B and designed for topical ...

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