Website - http://biorez.com/
Biorez Raises C-1 Financing and Prepares for Human Testing (press release)
Biorez, Inc. today announced the close of a $1.5 million investment, following promising results from animal testing of its novel implant for anterior cruciate ligament (ACL) reconstruction.
The breakthrough approach makes use of a proprietary scaffold structure that the patient’s own cells can use to regrow a new ligament, before the implant is fully resorbed by the body. The Biorez scaffold eliminates the need to harvest a patient’s tendon for a typical ACL reconstruction.
The investment round was led by Connecticut Innovations, with participation from LaunchCapital, The Vertical Group, and New York Angels.
"We are excited to announce this new financing and to have the support from this experienced group of investors,” said Kevin Rocco, CEO of Biorez. "The successful financing round comes on the heels of continued good news for Biorez, having recently won third prize in the RESI (Redefining Early Stage Investments) San Francisco 2018 investment competition."
More importantly, the company’s ongoing R&D efforts are showing promising results and leading to interest in new a...
