Bone Biologics Corp Stock Price, News & Analysis

Bone Biologics Corporation (NASDAQ: BBLG) has announced the approval of a multicenter pilot clinical trial for its NB1 bone graft by the Human Research Ethics Committee in Australia. The trial will enroll 30 adult patients undergoing transforaminal lumbar interbody fusion (TLIF) for degenerative disc disease (DDD). This study aims to assess the safety and effectiveness of NB1, which showed promising results in animal studies. The company aims to capture a part of the $3 billion global market for spine fusion products. Furthermore, the long-term goal includes addressing osteoporosis and trauma, potentially tapping into additional markets valued at $11 billion and $8 billion, respectively.

Bone Biologics Corporation (NASDAQ: BBLG) has engaged Avania as the Contract Research Organization (CRO) for its upcoming pilot clinical trial of NB1, targeting degenerative disc disease patients undergoing Transforaminal Lumbar Interbody Fusion (TLIF). The multicenter trial will assess the safety and effectiveness of the NB1 bone graft in 30 subjects, anticipated to start in late 2023, pending ethics committee approval from the Monash Health system in Australia. The inclusion of rhNELL-1 in the NB1 device is expected to enhance bone formation. CEO Jeffrey Frelick expressed optimism about moving into human testing with Avania's support.

Bone Biologics Corporation (NASDAQ: BBLG) has announced advancements in their lead product, NB1, utilizing NELL-1 for spinal fusion treatments. The global market for bone graft substitutes is estimated at $3 billion annually, with additional opportunities for osteoporosis and trauma treatments worth $11 billion and $8 billion, respectively. A successful preclinical study on sheep supports NB1's efficacy. The company has secured $5.1 million in recent financing to commence a 30-patient pilot study in Australia in 2023.

On October 13, 2022, WallachBeth Capital LLC announced the closure of an underwritten public offering for Bone Biologics (NASDAQ: BBLG), generating total gross proceeds of $5,100,000. The offering included 3,777,778 units at $1.35 per unit, each comprised of one share of common stock and three different Series warrants. The warrants have various exercise prices and expiration timelines, with some allowing cashless exercises. Underwriters were granted a 45-day option to purchase additional securities. The offering was made under an SEC registration statement that became effective on October 6, 2022.

Bone Biologics Corporation (NASDAQ: BBLG) has completed its underwritten public offering, raising $5,100,000 in gross proceeds. The offering consisted of 3,777,778 units priced at $1.35 each. Each unit includes one share of common stock and several warrants with varying exercise prices. The company intends to utilize the net proceeds for clinical trials, patent maintenance, research organization retention, and general corporate purposes. There is a 45-day option for underwriters to purchase additional shares or warrants.

Bone Biologics Corporation (NASDAQ: BBLG) announced the pricing of an underwritten public offering of 3,777,778 units at $1.35 each, totaling $5,100,000 in gross proceeds. Each unit consists of one share of common stock and three types of warrants with varying exercise prices. The offering, managed by WallachBeth Capital, is set to close on or around October 11, 2022, pending customary conditions. Bone Biologics aims to utilize these funds for the development of its orthobiologic products, primarily focusing on spine fusion.