Lattice Biologics Raises $0.75MM in Private Placement

By Julie A. Vetalice

Lattice Biologics closed a private placement for gross proceeds of up to US $0.75MM. Proceeds will fund M&A and the acquisition of amnion donors to support production of an amniotic fluid product for regenerative use.

The novel regenerative therapeutic will target osteoarthritis, spine, sports-medicine, foot/ankle and other indications. The product is projected to represent a significant increase in Lattice Biologics' annual revenue in 2017.

Further, Lattice Biologics has identified a biotech startup for acquisition which could bring controlling and blocking patents to further entry into the amnion market.

Source: Lattice Biologics Ltd.

Tags: Funding