Advanced Tissue deal

The La Jolla, Calif., company and Smith & Nephew (U.K.) formed a 50-50 joint venture for the worldwide development of human tissue engineered cartilage for orthopedic applications.

The venture initially will focus on the repair or replacement of damaged articular and meniscus cartilage in knee joints. ATIS will supervise the manufacture of cartilage tissue products. Smith & Nephew will develop and manufacture the instrumentation for the arthroscopic insertion of the products and the venture will use Smith & Nephew's international selling and distribution network. ...