Bone Biologics raises $5.9M: 3 notes

Biologics

Bone Biologics completed $5.9 million of financing.

Here are three things to know:

1. The round included $3.9 million in equity and a $2 million credit facility.

2. Bone Biologics will use the proceeds for working capital, protein development, regulatory and clinical expenses and to repay $600,000 in debt.

3. The company is developing the recombinant human protein growth factor NELL-1 bone graft substitute for spinal fusion.

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