Biomaterials startup raises $500K for scaffolds to treat spinal cord injuries
Written by Alan Condon | June 12, 2019 | Print | EmailOttawa, Canada-based biomaterials startup Spiderwort closed a $500,000 oversubscribed friends and family funding round, reports BetaKit.
Three insights:
1. Spiderwort is in the pre-clinical stage of developing a biomaterial that uses plant-derived cellulose to generate "scaffold architectures" for regenerative medicine.
2. The company's biomaterials have shown promise in the treatment of spinal cord injuries and soft tissue regeneration in pre-clinical trials.
3. Spiderwort seeks to raise a round of Seed funding, complete further pre-clinical testing and achieve regulatory approvals to move towards commercialization of the technology.
More articles on biologics:
Dr. Robert LaPrade on the biggest thing to hit sports medicine since the arthroscope
Ossio wins Frost & Sullivan award for bone regeneration technology — 4 insights
InGeneron raises $43M financing for regenerative cell shoulder program
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