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Bone Biologics Announces Another Round of Equity and Debt Investment by Musculoskeletal Transplant Foundation and the Addition of Board Member, Mark Spilker
Date:3/10/2010

THOUSAND OAKS, Calif., March 10 /PRNewswire/ -- Bone Biologics, Inc. announced today it had received another round of investment for preferred shares from the Musculoskeletal Transplant Foundation (MTF). MTF now owns 51% of Bone Biologics. As part of the financing, MTF also provided a line of credit to fund continuing operations.  This financial support continues the investments by MTF that have allowed Bone Biologics, Inc. to progress from research through development of the NELL-1 protein sequence UCB-1 to the current culmination of:

  • Therapeutic validation in non-human primate trials
  • Economic manufacturing of cGMP grade product
  • Patent protected portfolio of claims

The platform technology will be subject to the FDA review and approval process, including clinical trials.  It is not currently approved for use in humans.

Additionally, Mark Spilker, PhD, MTF's Vice President, Research & Development, has been elected to the Bone Biologics, Inc. Board of Directors. Over his career, Dr. Spilker has been responsible for leading development and pr
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SOURCE Bone Biologics, Inc.
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