Sorrel Medical
Wearable Drug-delivery Platform
Company Overview
Snapshot
Founded in March 2015, Sorrel Medical operated with 11–50 employees. The company was acquired in June 2023 by LTS Lohmann Therapie-System, marking a significant exit in the Health Tech & Life Sciences sector.
Business overview
Sorrel Medical develops and manufactures wearable drug-delivery devices designed to enhance the patient experience and provide value for pharmaceutical companies. The company's digitally integrated platform is engineered for the subcutaneous delivery of injectable drugs, biologics, and biosimilars, offering versatility for various configurations, molecules, and indications. Sorrel Medical operates within the Health Tech & Life Sciences sector, with a focus on Digital Healthcare, Digital Therapeutics, Pharma & Medical Biotechnology, and Drug Delivery, serving patients and pharmaceutical companies globally.
Strategic signal
In June 2023, Sorrel Medical's wearable drug pump business was acquired by LTS Lohmann Therapie-System. This acquisition signals a strategic consolidation within the drug delivery device market, validating Sorrel Medical's technology and its potential to integrate into larger pharmaceutical delivery ecosystems. For investors, this highlights the value placed on innovative, patient-centric drug delivery solutions and the potential for exits in this specialized health tech segment.
Log in to access full profile ›Company Intelligence Q&A
- What was Sorrel Medical's exit event?
- Sorrel Medical was acquired by LTS Lohmann Therapie-System in June 2023. The acquisition specifically involved Sorrel Medical's wearable drug pump business.
- When did Sorrel Medical open a new manufacturing facility?
- In July 2020, Sorrel Medical opened a new manufacturing facility to increase clinical and commercial supply capabilities for its wearable drug delivery devices.
- Did Sorrel Medical form any significant partnerships?
- In July 2020, Sorrel Medical partnered with a leading global pharmaceutical manufacturer to advance its wearable drug delivery solutions.
- What recognition did Sorrel Medical's platform receive?
- Sorrel Medical's wearable drug delivery platform won the 2019 MedTech Breakthrough Award in June 2019, recognizing its innovative technology.
- When was a key leadership appointment made at Sorrel Medical?
- In February 2020, Sorrel Medical appointed Bentsi Algazi as Vice President of Operations, a strategic move as the company prepared for clinical and commercial manufacturing.