Biotechnology business sold

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A BIOTECHNOLOGY firm from Sheffield, which develops treatments for hard to heal wounds and burns, has been bought by a company specialising in improving cosmetic appearance of people who have had surgery for breast cancer and other conditions.

Altrika, based at The Innovation Centre, on Portobello, is the company behind the Myskin and Cryoskin skin regeneration therapies.

It has been sold for £90,000 by advanced clean technology materials company Ilika to Adiposet.

Altrika specialises in using cultured cells from a patient’s own skin to cover a wound and promote healing, while Adiposet specialises in harvesting and storing fat tissue so that it can be used in cosmetic reconstruction, known as lipomodelling.

n The festive season has lost some of its sparkle for retailers, with growth in sales on the high street slowing in December, says the Confederation of British Industry.

Sales growth is expected to continue losing steam next month, with retailers expecting a slower rise once again in the year to January.