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Jennifer Braun Published January 3, 2025 Download
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Carmell acquires Elevai Skincare

By

Jennifer Braun Published
January 3, 2025

Bio-aesthetics company Carmell Corporation announced on Thursday its acquisition of Elevai Skincare Inc., a subsidiary of PMGC Holdings Inc.

As part of the agreement, Carmell will acquire Elevai’s product portfolio, which generated approximately $2.5 million in trailing twelve-month revenue, along with its commercial and product development teams. The deal also includes finished and in-process inventory valued at $1.0 million and accounts receivable of $0.03 million.

Under the definitive purchase agreement, Carmell will issue approximately $1.1 million in common stock at closing and pay $57,000 in cash contingent on the sale of existing inventory.