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Advanced BioHealing adds $4.5m to second tranche of series C:

Advanced BioHealing (ABH), of La Jolla, California, closed its second tranche of series C financing after securing $4.5m from Safeguard Scientifics and CDIB BioScience Ventures. The regenerative medicine products developer has raised a total $30m in this round; the first $25.5m tranche took place in February 2007 (see Clinica No 1247, p 32). The company will use the funds to expand commercialisation of its Dermagraft wound healing technology in the US, and to help it pursue additional product opportunities. Clinical trials of ABH's newest technology Celaderm, a bioengineered venous leg ulcers treatment product, is currently at the patient enrolment stage.

Advanced BioHealing (ABH), of La Jolla, California, closed its second tranche of series C financing after securing $4.5m from Safeguard Scientifics and CDIB BioScience Ventures. The regenerative medicine products developer has raised a total $30m in this round; the first $25.5m tranche took place in February 2007 (see Clinica No 1247, p 32). The company will use the funds to expand commercialisation of its Dermagraft wound healing technology in the US, and to help it pursue additional product opportunities. Clinical trials of ABH's newest technology Celaderm, a bioengineered venous leg ulcers treatment product, is currently at the patient enrolment stage.

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