Smith & Nephew, Essex form orthobiologics JV

Smith & Nephew plc (LSE:SN; NYSE:SNN) and Essex Woodlands Health Ventures formed a JV called Bioventus LLC (Durham, N.C.) to market products from Smith & Nephew's biologics and clinical therapies division in the U.S. The deal is expected to close this half and be modestly dilutive to Smith & Nephew's earnings. ...