Tissue Regenix Group PLC Potential Acquisition (6788F)

TIDMTRX

RNS Number : 6788F

Tissue Regenix Group PLC

19 May 2017

Tissue Regenix Group plc

Potential Acquisition

Leeds, 19 May 2017 - Tissue Regenix Group (AIM:TRX) ("Tissue Regenix" or "The Group") the regenerative medical devices company, notes the recent application for a temporary restraining order ("TRO") filed by one of the members of CellRight Technologies, LLC ("CellRight") with Bexar County District Court against CellRight, a US regenerative medicine business based in San Antonio, Texas, in relation to a potential sale of CellRight to Tissue Regenix. Tissue Regenix confirms that it is in discussions with CellRight regarding a possible acquisition of CellRight by Tissue Regenix.

There can be no certainty at this stage that the discussions between the Group and CellRight will lead to an acquisition.

A further announcement will be made when appropriate.

This announcement contains inside information.

For more Information:

 
 FTI Consulting                              Tel: 020 
  Brett Pollard/ Mo Noonan                    3727 1000 
==========================================  =========== 
 Jefferies International Ltd                 Tel: 020 
  Simon Hardy / Harry Nicholas                7029 8000 
 Tissue Regenix Group                        Tel: 0330 
  Caitlin Pearson Corporate Communications    430 3073 
  Director 
==========================================  =========== 
 

About Tissue Regenix

Tissue Regenix is a leading medical devices company in the field of regenerative medicine. The company's patented decellularisation ('dCELL(R)') technology removes DNA and other cellular material from animal and human tissue leaving an acellular tissue scaffold which is not rejected by the patient's body which can then be used to repair diseased or worn out body parts. The potential applications of this process are diverse and address many critical clinical needs such as vascular disease, heart valve replacement and knee repair.

Tissue Regenix was formed in 2006 when it was spun-out from the University of Leeds. The company commercialises academic research conducted by our partners around the World.

In November 2012 Tissue Regenix Group plc set up a subsidiary company in the United States - 'Tissue Regenix Wound Care Inc.', as part of its commercialisation strategy for its dCELL(R) technology platform.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 19, 2017 06:35 ET (10:35 GMT)