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BioCeramic Therapeutics Receives New Investment of £1.2m
London, 20 October 2009 … BioCeramic Therapeutics (BCT), an emerging
leader in the field of novel biomaterials for healthcare, has received £1.2
million of new investment as the Company prepares to commercialise its products
in 2010.
Imperial Innovations has invested £300,000 and Longbow Capital, a new investor,
has invested £400,000. Other investors in the round include Comvest Limited and
the Esmee Fairbairn Foundation, both of whom are existing shareholders. In
addition, Mark Rowan, a director of Imperial Innovations and a director of, and
existing shareholder in, BioCeramic Therapeutics, has invested a further £20,000
in the round. This investment follows funding of £1.04 million in 2007.
BioCeramic Therapeutics has also recently appointed Dr Stephan Rietiker, a
recognised leader in the global medical health sector, as Chairman.
BioCeramic Therapeutics is developing bioactive materials for orthopaedic and
dental applications. Its first products are scheduled for launch in 2010 and
include bone graft substitutes that will help treat bone diseases and difficult
fractures.
"This cash injection is a huge vote of confidence by our investors on BioCeramic
Therapeutic's ability to deliver. It will enable the company to move into its
next phase and grow into a commercial, cash generating business," says Dr
Stephan Rietiker, MD.
-ends-
About BioCeramic Therapeutics Limited
BCT is a pioneer in the exciting new field of regenerative medicine, bringing
together some of the world’s best materials scientists, doctors, biologists and
chemists in both private and public sectors. BCT is developing two families of
implants designed to promote tissue regeneration. Initial applications are in
orthopaedics and oral care, with plans to extend this to a wide range of other
tissues important in human diseases. Please visit:
www.bioceramictherapeutics.com.
For further information, please contact:
College Hill
BioCeramic Therapeutics
Tony Stephenson, Benjamyn Tan, Sue Charles
Daniel Green
Tel: +44 (0)20 7866 7864
Tel: +44 (0)20 7594 1326
E-mail:
tony.stephenson@collegehill.com
Email :
djg@bioceramictherapeutics.com
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