Smith & Nephew to Open Biologics & Spine Unit

Orthopedics giant Smith & Nephew said it has leased a 26,000-sq ft. plant in Durham, NC that will house a new line of business that focuses on biologic therapies and spine products, Triangle Business Journal reports. The company says the division will be "exploring and commercializing next generation biologic therapies for our orthopedic and advanced wound management businesses," but provided few other details.