Histogenics Receives $49,000,000 Series A Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3828c2b2-c91a-4585-9339-eb718499fd48&Preview=1 - Date
7/24/2012 - Company Name
Histogenics - Mailing Address
830 Winter Street 3rd Floor Waltham, MA 02451 - Company Description
Histogenics is a tissue regeneration company developing breakthrough treatments for long-lasting joint repair. Its cartilage regeneration products apply advanced cell biology, tissue engineering, and materials science in the repair of injured or diseased joints, to restore joint function and prevent degenerative disease. - Website
http://www.histogenics.com - Transaction Type
Venture Equity - Transaction Amount
$49,000,000 - Transaction Round
Series A - Proceeds Purposes
Proceeds will be used to complete the ongoing Phase 3 clinical program for lead product candidate NeoCart, which is currently enrolling patients. NeoCart is an autologous neocartilage tissue implant that utilizes the patient’s own cells to regenerate cartilage in patients suffering from cartilage lesions in the knee. Funds will also support efforts to obtain regulatory clearance in the European Union for product candidate VeriCart, a single-step, cell-free collagen scaffold uniquely designed to be used in conjunction with the patient’s own stem cells, to repair small cartilage defects frequently observed in meniscal and anterior cruciate ligament repair procedures. - M&A Terms
- Venture Investor
Sofinnova Ventures - Venture Investor
Split Rock Partners - Venture Investor
GIMV - Venture Investor
Inflection Point Ventures - Venture Investor
Foundation Medical Partners - Venture Investor
Boston Millennia Partners - Venture Investor
BioMed Ventures - Venture Investor
ProChon Holdings BV - Venture Investor
Altima Partners
