TiGenix : TiGenix secures EUR 10 million in financing from and look at this one first Kreos Capital
local time. Chinas tin imports from Indonesia, the biggest shipper, recovered from the lowest level since June 2004 in October as buyers adjusted to a new trade rule.
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“In combination with the recent strategic investment by Gri-Cel/Grifols this funding significantly strengthens our financial position and allows us to aggressively expand our pipeline of proprietary cell therapy products,” said Eduardo Bravo, CEO of TiGenix. “Importantly, it enables us to independently finalize the Phase III trial with our lead product Cx601 and file for European registration, and thus capture significantly more value from a potential partnering agreement. The addition of debt financing represents an attractive and, except for a limited warrant component, non-dilutive complement to our existing capital structure.
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