Sorrel Medical
Wearable Drug-delivery Platform
Company Overview
Snapshot
Founded in March 2015, Sorrel Medical operated with 11–50 employees, developing advanced wearable drug-delivery devices. The company was acquired by LTS Lohmann Therapie-System in June 2023, marking a significant exit in the medical technology sector.
Business overview
Sorrel Medical specializes in developing and manufacturing wearable drug-delivery devices designed to enhance the patient experience and provide value for pharmaceutical companies. Its digitally integrated platform facilitates the subcutaneous delivery of injectable drugs, biologics, and biosimilars, accommodating various configurations, molecules, and indications. The company leverages expertise from the Eitan Group and strategic partnerships in device R&D, regulation, and manufacturing to bring its drug-delivery solutions to market. Sorrel Medical operates within the Health Tech & Life Sciences sector, focusing on digital healthcare and drug delivery.
Strategic signal
In June 2023, Sorrel Medical was acquired by LTS Lohmann Therapie-System. This acquisition highlights the increasing strategic interest in advanced drug delivery systems and wearable medical technologies, signaling market consolidation and the value placed on innovative solutions that improve patient care and pharmaceutical efficacy.
Log in to access full profile ›Company Intelligence Q&A
- What was the most significant recent corporate development for Sorrel Medical?
- Sorrel Medical was acquired by LTS Lohmann Therapie-System in June 2023. This acquisition led to the company's inactive status.
- What is Sorrel Medical's core product offering?
- Sorrel Medical develops and manufactures a wearable drug-delivery platform designed for the subcutaneous delivery of injectable drugs, biologics, and biosimilars, optimizing patient experience and pharmaceutical value.
- When was Sorrel Medical founded?
- Sorrel Medical was founded in March 2015.
- What recognition did Sorrel Medical receive for its technology?
- In June 2019, Sorrel Medical's wearable drug delivery platform won the 2019 MedTech Breakthrough Award.
- Did Sorrel Medical expand its manufacturing capabilities?
- Yes, in July 2020, Sorrel Medical opened a new manufacturing facility to increase its clinical and commercial supply capabilities for wearable drug delivery devices.