Mölnlycke acquires German wound care products company, SastoMed GmbH, adding new products to its portfolio and helping healthcare professionals and patients by accelerating the wound healing process and treating chronic wounds.
SastoMed GmbH brings two innovative and complementary products to Mölnlycke’s wound care portfolio:
Granulox®: a haemoglobin-based topical oxygen therapy spray that is sprayed on wounds for faster wound healing.
Granudacyn®: ahypochlorous wound irrigation solution for cleaning, moistening and rinsing of acute, chronic and contaminated wounds, and first and second degree burns.The addition of the new products will enable Mölnlycke to lead the way in both active and passive wound healing.
"Today, chronic wounds, such as foot ulcers, have a higher mortality rate than both breast cancer and prostate cancer and the real burden of ulcers is not yet fully known or understood. Mölnlycke will now be able to offer healthcare professionals – and patients – solutions to support both active and passive healing. We can therefore offer a holistic approach to wound treatment through our portfolio", says Mölnlycke CEO, Richard Twomey.
Acquiring SastoMed GmbH enables Mölnlycke to add another award-winning product to its wound care offer. Earlier this year, Granulox won the 2018 Innovation Award at EWMA (European Wound Management Association). Congress in Krakow thanks to its ability to advance the healing process. Studies report that Granulox can reduce total costs of initial Diabetic foot ulcers treatment by around 60 percent a year.
Over the past several years, Mölnlycke has invested in organic R&D to meet customer needs and bring innovative products to the market. The acquisition enhances this investment further with new technology and capabilities, accelerating Mölnlycke’s potential for product innovation.
At present, Granulox is available in over 24 countries, SastoMed’s main customer base is in Germany, South East Asia and Central and Latin America. Mölnlycke will expand the geographical reach of Granulox and Granudacyn through its worldwide distribution network and sales organisation. With customers and a salesforce in South East Asia and Central and Latin America, the acquisition of SastoMed also enables Mölnlycke to expand its presence in key growth markets.
The founder of SastoMed, Michael Sander, comments: "We share Mölnlycke’s desire to advance healthcare around the world. Too often, patients experience slow wound healing since no appropriate therapy is available to overcome the lack of oxygen in the wound tissue. Now we feel it´s the right time to pass the baton to the leading company in advanced wound care, in order to make our unique products available to as many patients as possible."