Bone Biologics, an orthobiologic company focused on regenerative medicine, announced today the completion of a $5.75 million funding round with Musculoskeletal Transplant Foundation, OrthoFix Holdings, Inc. and Hankey Capital, LLC. Proceeds will be used primarily to fund further development and synthesis of a potential bone graft substitute product focused first on bone regeneration in spinal fusion procedures.
Nell-1 is a bone growth factor developed as a potentially more attractive alternative to other bone growth factors used in surgical procedures today. The lead product, Nell-1, has the potential as demonstrated in the lab and in animal testing to potentially offer significant clinical utility to surgeons.
Bone Biologics Corporation is undertaking groundbreaking work with the three founders and select strategic partners, building on unprecedented research on the Nell-1 molecule that has resulted in a significant number of studies and resulting publications in peer review scientific literature.