Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bone Therapeutics is a bone cell therapy company addressing high unmet medical needs in orthopaedics and bone diseases.
They announced positive interim results for its ALLOB Phase I/IIA delayed-union study and its ALLOB Phase IIA spinal fusion study.
The fundraising was required to finance ongoing R&D programs.
Interim results for the PREOB Osteonecrosis study and launch of ALLOB Ph IIB are expected in 2018 H2.
Bone Therapeutics is a leading cell therapy company addressing high unmet needs in orthopaedics and bone diseases. Based in Gosselies, Belgium, the Company has a broad, diversified portfolio of bone cell therapy products in clinical development across a number of disease areas targeting markets with large unmet medical needs and limited innovation.
Their technology is based on a unique, proprietary approach to bone regeneration, which turns undifferentiated stem cells into “osteoblastic”, or bone-forming cells.
The company’s primary clinical focus is ALLOB®, an allogeneic “off-the-shelf” cell therapy product derived from stem cells of healthy donors, additionally they also have an autologous bone cell therapy product, PREOB®, obtained from patient’s own bone marrow and currently in Phase III development for osteonecrosis of the hip.
Bryan, Garnier & Co acted as the Sole Bookrunner for the offering.
A total amount of €19.45 million in committed capital has been subscribed during the offering.
The flexible convertible bond product allowed for immediate conversion into ordinary shares and/or differed investments.
The accelerated bookbuilding offering was open to institutional investors and private investors.
Convertible bonds and/or new ordinary shares were issued at a 8% discount.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.