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1998: FDA approves Apligraf® for the treatment of venous leg ulcers
2000: FDA approves Apligraf® for the treatment of diabetic foot ulcers
On the strength of sales of Apligraf, a skin replacement for venous leg and diabetic foot ulcers, the private company's sales to hospitals and third-party vendors have increased by more than 30 percent every year since 2003, said Gillheeney, who declined to release exact financial figures.
An IPO would also be a liquid event for investors who took the business private as part of a plan to lift the company from bankruptcy in 2003.
2004: Launch of full USA sales and marketing organization
The United States market for tissue engineered skin replacements and wound repair modulators was $195 million in 2004 and is expected to reach $481 million within eight years, according to a market study by Medtech Insight, a medical industry analysis firm in Newport Beach, Calif.
2006: European office established in Switzerland
The company opened a research-and-development facility in October in Lyon, France, and plans now include the launch of at least two new products in 2007.
It also plans in 2007 to offer an anti-microbial wound dressing with dermal scaffolds onto which the body's cells migrate to promote healing.
In fact, the company plans to build its sales force to 100 people by the end of 2007. "It really has been an amazing turnaround," Gillheeney said.
Novartis at that time returned the marketing rights of Apligraf to Organogenesis, which included giving the Swiss drug giant royalties of product sales until 2010.
In 2014, our product portfolio expanded to include Dermagraft®, an FDA-approved therapy for the treatment of diabetic foot ulcers.
The launch of our PuraPly® product line in 2015 gave clinicians new options for wound management across a variety of acute and chronic wound types.
In 2017, Organogenesis acquired NuTech Medical, which further expanded our product portfolio and introduced additional solutions for the advanced wound care market and enabled us to enter the surgical and sports medicine markets in a meaningful way.
© 2017 Simian and Bissell.
2018: Organogenesis becomes a public company through merger with Avista Healthcare
2020: Acquires CPN Biosciences
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cardium Therapeutics | 2003 | $1.6M | 30 | - |
| Liveyon | 2016 | $1.9M | 75 | - |
| SpineSmith | 2006 | $13.0M | 300 | - |
| Stratatech Corporation | 2000 | $7.1M | 20 | - |
| Humabiologics | 2018 | $270,000 | 11 | - |
| Alafair Biosciences | 2011 | $2.1M | 15 | - |
| LifeSprout | 2015 | $1.1M | 15 | - |
| MiMedx | 2008 | $348.9M | 690 | 34 |
| Semrock Filters | 2000 | $13.0M | 125 | - |
| IDEXX | 1983 | $3.9B | 9,300 | 192 |
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