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Israeli regenerative medicine institution Regentis BioMaterials (RGBM) has filed for a projected $15M archetypal nationalist offering.
In its filing, Regentis said that it was looking to connection astir $15M successful units that would dwell of shares and warrants. The institution hopes to database its shares connected Nasdaq. Maxim Group is serving arsenic sole bookrunner.
The institution archetypal filed for an IPO successful November, with an attached filing interest schedule indicating it was seeking to rise up to $36M, including the workout of warrants.
Based successful Or-Akiva, Israel, Regentis has developer a degradable hydrogel called GelrinC to dainty achy injuries to articular genu cartilage. The institution plans to question strategical partners successful Europe, wherever GenlrinC received marketplace support arsenic a aesculapian instrumentality successful 2017. Regentis is besides moving objective trials to enactment FDA approval.
The aesculapian instrumentality developer is presently operating successful the red. For the six-month play ended June 30, Regentis reported a nett nonaccomplishment of $438K and nary revenue.
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