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For A German Medical Device Startup The Road To Being Acquired Went Through Houston

April 19, 2017
Read the entire article in Forbes by Peter Carbonara here. 
Entrepreneurs / Biotech / Life Sciences / #StartupLife

Adhesys, a German-based medical device company, develops next-generation surgical adhesives based on polyurethane which allow quick and safe wound closure topically as well as inside the human body. A few years ago, the innovative young company decided to market itself and develop relationships with investors through participating in business plan competitions around the United States. The company credits its win at Houston’s 2015 Rice Business Plan Competition (RBPC) as the catalyst for getting its foot in the door with Grunenthal Gmbh, a major European pharmaceutical company. After the RBPC win, Adhesys opened a satellite office in JLABS @ TMC, a life sciences incubator for early stage firms housed within the Texas Medical Center (TMC) Innovation Institute. Grunenthal took notice. Talks about purchasing Adhesys began last September and Grunenthal officially announced acquiring the company in April of this year.

See what Adhesys president and co-founder Alexander Schueller had to say about Houston as a life sciences hub:

Adhesys is a great example of how Houston has the infrastructure and resources to support startups in life sciences. Read the full story in this great Forbes article.

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Interested in learning more about Houston as the Third Coast for Life Sciences? Either contact our Regional Economic Development Manager Jenny Tieu at jtieu@houston.org or fill out the form below!

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