Sientra® Acquires Tissue Expander Portfolio From Specialty Surgical Products, Inc.

Highlights
  • Acquisition of Specialty Surgical Products (SSP) comprehensive tissue expander portfolio
  • Includes the recently introduced AlloX2 ® patented dual port expanders
  • Leverages Sientra sales force while adding select SSP independent sales agents to strengthen tissue expander distribution into the hospital channel

SANTA BARBARA, Calif., Nov. 08, 2016 (GLOBE NEWSWIRE) -- Sientra, Inc. (NASDAQ:SIEN), a medical aesthetics company, today announced the acquisition of a complete portfolio of premium, differentiated tissue expanders from industry pioneer Specialty Surgical Products, Inc. (SSP). With this acquisition, Sientra adds to its product offering the AlloX2 and Dermaspan™ lines of breast tissue expanders, in addition to the Softspan™ line of extremity expanders.

Jeffrey Nugent, Chairman and Chief Executive Officer of Sientra, said, "This acquisition represents another important step in building the Sientra platform and positioning the business for future growth in the $235 million U.S. tissue expander and gel implant breast reconstruction market as we look to further strengthen our efforts in this area. It is a natural portfolio extension for Sientra and provides a premium expander line to build upon in a market where the standard of care often begins with breast tissue expansion and follows with silicone gel implants." 

Mr. Nugent continued, "In addition, this acquisition will enable us to leverage and expand our sales distribution while broadening our product portfolio with a well-established line of expanders. In the case of the dual port AlloX2, we now have a truly innovative solution designed to address post-surgical seromas and infection with its patented and novel drainage system. With early promising clinical performance and results confirmed by Key Opinion Leaders, we are confident in the value of this product portfolio and look forward to building on these results as we continue to expand the clinical evidence behind these products."

If you liked this article you might like

5 Stocks Triggering Breakout Trades

10 Best-Performing Small-Cap Stocks in 2016

5 Stocks Under $10 Set to Soar

4 Stocks Under $10 to Trade for Breakouts

Why Sientra (SIEN) Stock Is Down Today