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Humacyte And Oberland Capital Announce Funding Arrangement Totaling Up To $160 Million

Humacyte And Oberland Capital Announce Funding Arrangement Totaling Up To $160 Million

05/12/23, 11:02 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgdurham
Industry
medical device
biotechnology
health care
Humacyte, Inc. (Nasdaq: HUMA) and Oberland Capital Management LLC (Oberland Capital) today announced a $150 million, capped funding arrangement based on future revenues of Humacyte’s Human Acellular VesselTM (HAVTM), as well as a $10 million equity investment option. Funding provided to Humacyte under the arrangement includes:

Company Info

Company
Humacyte
Location
durham, north carolina, united states
Additional Info
Humacyte, Inc. (Nasdaq: HUMA) is developing a disruptive biotechnology platform to deliver universally implantable bioengineered human tissues and organs designed to improve the lives of patients and transform the practice of medicine. The Company develops and manufactures acellular tissues to treat a wide range of diseases, injuries and chronic conditions. Humacyte’s initial opportunity, a portfolio of human acellular vessels (HAVs), is currently in late-stage clinical trials targeting multiple vascular applications, including vascular trauma repair, arteriovenous access for hemodialysis, and peripheral arterial disease. Preclinical development is also underway in coronary artery bypass grafts, pediatric heart surgery, treatment of type 1 diabetes, and multiple novel cell and tissue applications. Humacyte’s 6mm HAVs for AV access for performing hemodialysis was the first product candidate to receive the FDA’s Regenerative Medicine Advanced Therapy (RMAT) expedited review designation, and the HAV technology received priority designation for the treatment of vascular trauma by the U.S. Secretary of Defense. For more information, visit www.Humacyte.com.

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