Wright Medical Group Inc Completes Acquisition Of BioMimetic Therapeutics, Inc.

Wright Medical Group Inc announced that it has completed acquisition of BioMimetic Therapeutics, Inc. The transaction combines BioMimetic's biologics platform and pipeline with Wright's established sales force and product portfolio, to further accelerate growth opportunities in Wright's Extremities business. Wright previously announced plans on November 19, 2012 to acquire BioMimetic Therapeutics, Inc. for an upfront purchase price of approximately $190 million in cash and stock plus additional payments of up to approximately $190 million in cash, which are payable upon receipt of FDA approval of Augment Bone Graft and upon achieving certain revenue milestones.