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Secures $100 million capital commitment from GEM.
November 16, 2021
By: Charlie Sternberg
Associate Editor
FibroBiologics, a clinical stage company developing fibroblast-based therapeutic cures for chronic diseases, has signed an agreement with GEM Global Yield LLC SCS (GEM), a private investment group, to provide FibroBiologics with up to $100 million over a 36-month term following a public listing of FibroBiologics common stock. FibroBiologics will control the timing and maximum amount of the drawdown under this facility and has no minimum drawdown obligation. FibroBiologics will issue warrants ...
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