Vericel intends to sell shares of common stock in an underwritten public offering. Proceeds of ~US $17.0MM will support commercialization of MACI® autologous cultured chondrocytes, manufacturing and other general corporate purposes.
FDA approved MACI for the repair of symptomatic single or multiple full-thickness cartilage defects of the knee, with or without bone involvement, in adults. MACI is the first FDA-approved cellularized scaffold that applies tissue engineering processes to grow cells on scaffolds using healthy autologous cartilage tissue.
Sources: Vericel Corporation; ORTHOWORLD Inc.
Vericel intends to sell shares of common stock in an underwritten public offering. Proceeds of ~US $17.0MM will support commercialization of MACI® autologous cultured chondrocytes, manufacturing and other general corporate purposes.
FDA approved MACI for the repair of symptomatic single or multiple full-thickness cartilage defects of the knee,...
Vericel intends to sell shares of common stock in an underwritten public offering. Proceeds of ~US $17.0MM will support commercialization of MACI® autologous cultured chondrocytes, manufacturing and other general corporate purposes.
FDA approved MACI for the repair of symptomatic single or multiple full-thickness cartilage defects of the knee, with or without bone involvement, in adults. MACI is the first FDA-approved cellularized scaffold that applies tissue engineering processes to grow cells on scaffolds using healthy autologous cartilage tissue.
Sources: Vericel Corporation; ORTHOWORLD Inc.
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.