30 Day Trial
BARE BONES logo

BARE BONES content is posted to these pages in real time.

Monthly compilations are available in PDF form.

Product / Company Performance

Histogenics Closes $30.0 Million Private Placement -

Histogenics closed its previously-announced US $30.0MM private placement of common stock, Series A Convertible Preferred Stock and warrants. Funds will support development of NeoCart® novel cartilage repair therapy, including completion of the ongoing Phase III clinical trial.

The transaction was led by new healthcare-dedicated institutional investors, with participation by some existing investors. 

Enrollment in the Phase III clinical trial should complete in 2Q17, with topline data on its 1-year primary efficacy endpoint available by mid-2018. Over 50% of enrollment was complete by mid-1Q16.

Other cartilage repair news from 2016 YTD:

AlloSource launched ProChondrix Cartilage Restoration Matrix

LifeNet Health and Arthrex plan to explore opportunities in cartilage repair

Smith & Nephew acquired BST-CarGel® cartilage repair product and IP assets from Piramal


Sources: Histogenics Corporation; ORTHOWORLD Inc.

This article is a Member-only item of content. Members, please log in to read the complete post.
If you are not yet a Member, click here to learn more about purchasing ORTHOWORLD Membership.