Welcome to our dedicated page for Bone Biologics news (Ticker: BBLG), a resource for investors and traders seeking the latest updates and insights on Bone Biologics stock.
Bone Biologics Corp (BBLG) pioneers regenerative bone repair solutions using its UCLA-licensed ucb-1™ platform. This page aggregates all official news and press releases, offering stakeholders a centralized hub for tracking advancements in orthobiologics and surgical innovation.
Access real-time updates on clinical trial milestones, regulatory submissions, and strategic partnerships that define BBLG's role in advancing bone regeneration. Our curated feed ensures investors stay informed about material developments impacting the company's trajectory in biotechnology.
Key coverage areas include progress in spinal surgery therapeutics, orthopedic procedure innovations, and collaborative research with leading medical institutions. Each update is vetted for accuracy, providing reliable insights into product pipelines and intellectual property achievements.
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Bone Biologics (Nasdaq: BBLG), a developer of orthobiologic products for spine fusion markets, has announced a $2.1 million gross proceeds from the exercise of warrants. The company entered into a definitive agreement for the exercise of existing warrants to purchase 781,251 shares of common stock at $2.43 per share. In exchange, Bone Biologics will issue new unregistered warrants to purchase up to 1,562,502 shares of common stock at $2.00 per share.
The new warrants will have varying terms: half with a five-year term and half with an eighteen-month term. H.C. Wainwright & Co. is acting as the exclusive placement agent. The offering is expected to close around August 2, 2024. Bone Biologics plans to use the net proceeds to fund clinical trials, maintain and extend its patent portfolio, and for working capital and general corporate purposes.
Bone Biologics (Nasdaq: BBLG) has commenced the first treatments in its pilot clinical study evaluating the NB1 bone graft device for spine fusion in patients with degenerative disc disease (DDD). The study, involving 30 patients, aims to assess the safety, effectiveness, fusion success, pain relief, functional improvement, and adverse events of NB1. The first two patients were treated in Australia. The U.S. FDA has reviewed and agreed upon the study's design, which could support a pivotal U.S. trial. CEO Jeffrey Frelick highlighted NB1's potential to address a $3 billion global spine fusion market.
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