In addition, Sagi has been granted warrants, which when fully exercised will bring in an additional USD
2.1 million
Over the last two months the Company has raised USD 7.4 million from an American investor and from the
large shareholders to carry out its commercial plans
The Company is not undertaking further contacts for additional investments
PR Newswire
NESS ZIONA, Israel, Nov. 13, 2017
NESS ZIONA, Israel, Nov. 13,
2017 /PRNewswire/ -- CollPlant (TASE: CLPT, OTC:CQPTY)- a regenerative medicine company utilizing its
proprietary plant-based rhCollagen technology for tissue repair products (recombinant human, "rhCollagen"), announces that it has
signed a private restricted investment agreement with Mr. Ami Sagi, one of the Company's largest
shareholders. As part of the investment agreement, including shares and warrants, the Company will raise immediately USD1.1 million, and upon full exercise of the warrants, a further USD 2.1
million.
Over the last two months CollPlant has announced raising various amounts, which together come to USD
7.4 million, from an American investor, Meitav-Dash institutional fund, and Mr. Ami Sagi.
The Company is not undertaking further contacts for additional investments.
About CollPlant
CollPlant is a regenerative medicine company leveraging its proprietary, plant-based recombinant human collagen (rhCollagen)
technology for the development and commercialization of tissue repair products, initially for the orthobiologics, 3D Bio-printing
of tissue and organs, and advanced wound care markets. The Company's cutting-edge technology is designed to generate and process
proprietary rhCollagen, among other patent-protected recombinant proteins. Given that CollPlant's rhCollagen is identical to the
type I collagen produced by the human body, it offers significant advantages compared to currently marketed tissue-derived
collagen, including improved biofunctionality, superior homogeneity and reduced risk of immune response. The Company's broad
development pipeline includes biomaterials indicated for orthopedics and advanced wound healing. Lead products include:
Vergenix®STR (Soft Tissue Repair Matrix), for the treatment of tendinopathy; and Vergenix®FG (Flowable Gel)
wound filler, for treatment of acute and chronic wounds. CollPlant's business strategy includes proprietary development and
manufacture of tissue repair products and their commercialization and distribution, together with leading third parties,
alongside alliances with leading companies for joint development, manufacture and marketing of additional products.
For more information about CollPlant, visit http://www.collplant.com
Contact at CollPlant:
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Contact at Rx Communications Group, LLC:
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Eran Rotem
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Paula Schwartz (for US Investors)
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Chief Financial Officer
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Managing Director
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Tel: + 972-73-2325600/612
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Tel: 917-322-2216
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Email: Eran@collplant.com
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Email: pschwartz@rxir.com
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SOURCE CollPlant