Elutia Sells Off Orthobiologics Business Unit

Elutia, formerly branded as Aziyo Biologics, announced the divestiture of its orthobiologics business unit to Berkeley Biologics/Berkeley Advanced Biomaterials. Elutia will receive cash proceeds of up to $35 million, comprising an upfront payment at closing of $15 million plus potential earnout payments of up to $20 million over five years.

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JV

Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.



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