Soft Tissue Regeneration raises $4.7M for biodegradable scaffold

December 9, 2013 by Arezu Sarvestani

Connecticut orthopedics maker Soft Tissue Regeneration is close to tying up a $5 million funding round.

Soft Tissue Regeneration raises $4.7M for biodegradable scaffold

Orthopedics maker Soft Tissue Regeneration is closing in on a $5 million funding round, with $4.7 million raised so far.

The New Haven, Conn.-based company is raising funds through sales of equity, options, warrants and other securities, with 14 unnamed investors listed so far in regulatory filings.

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The company is working on products for soft tissue regeneration for knee ligaments using an FDA-approved polymer already common in medical implants.

STR in January won FDA clearance for its Str graft, a biodegradable scaffold that can lessen patient's pain and reduce surgical failure rates following rotator cuff surgery.

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