FibroBiologics(FBLG)
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FibroBiologics Announces $1.7 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-12-15 13:00
Core Viewpoint - FibroBiologics, Inc. has announced a registered direct offering of 5,227,275 shares of common stock at $0.33 per share, along with a concurrent private placement of unregistered warrants for the same number of shares at the same exercise price, aiming to raise approximately $1.7 million in gross proceeds [1][3]. Group 1: Offering Details - The company will issue 5,227,275 shares of common stock at an offering price of $0.33 per share in a registered direct offering [1]. - Concurrently, unregistered warrants will be issued to purchase up to 5,227,275 shares at an exercise price of $0.33 per share, which will be exercisable upon stockholder approval [1]. - The closing of the offering is expected on or about December 16, 2025, subject to customary closing conditions [1]. Group 2: Financial Implications - The aggregate gross proceeds from the offering are expected to be approximately $1.7 million before deducting fees and expenses [3]. - If the unregistered warrants are fully exercised, additional gross proceeds of approximately $1.7 million could be realized [3]. - The net proceeds from the offering will be used for working capital and general corporate purposes [3]. Group 3: Regulatory Information - The shares offered in the registered direct offering are being made under a "shelf" registration statement that became effective on February 10, 2025 [4]. - The unregistered warrants and shares issuable upon their exercise are being offered in a private placement and have not been registered under the Securities Act [5]. Group 4: Company Overview - FibroBiologics is a clinical-stage biotechnology company focused on developing therapeutics for chronic diseases using fibroblast cells and materials, holding over 270 patents [9]. - The company is involved in various clinical pathways, including wound healing, multiple sclerosis, and cancer, representing advancements in cell therapy and tissue regeneration [9].
FibroBiologics Files New Patent For Fibroblast Tech To Advance Deeper Into Orthopedics
Benzinga· 2025-12-10 16:36
Core Viewpoint - FibroBiologics, Inc. has submitted a new patent application for a fibroblast-derived therapy platform aimed at orthopedic and musculoskeletal conditions, which could enhance its competitive position in the market [1][2]. Group 1: Patent Application - The new patent application covers a proprietary fibroblast-derived therapy platform for degenerative disc repair, cartilage repair, and joint restoration [1]. - If granted, the patent will strengthen the protection for the company's fibroblast technology, which utilizes fibroblast cells and spheroids for orthopedic tissue repair [2]. Group 2: Preclinical Studies and Patents - Preclinical studies indicate that fibroblast-based constructs and chondrocyte spheroids can integrate with native tissue, promote extracellular matrix remodeling, and encourage regeneration in models of disc and joint degeneration [3]. - FibroBiologics holds over 270 U.S. and internationally issued patents or patents pending across various clinical pathways, including wound healing and orthopedics [3]. Group 3: Recent Events - In November, FibroBiologics closed a registered direct offering of 4.48 million shares at $0.335 per share, raising approximately $1.5 million [4]. - The company received approvals in Australia for a Phase 1/2 trial of CYWC628 for refractory diabetic foot ulcers, allowing enrollment of 120 patients [5]. - Following these developments, FBLG stock increased by 13.61% to $0.335 [5].
FibroBiologics Files Patent Application Covering Novel Fibroblast-Based Chondrocyte Spheroid Platform for Orthopedic and Musculoskeletal Conditions
Globenewswire· 2025-12-10 13:30
Core Insights - FibroBiologics has submitted a new patent application for a fibroblast-derived therapy platform aimed at orthopedic and musculoskeletal conditions, which includes degenerative disc repair and cartilage repair [1][2][3] - The application, if granted, will enhance the protection of the company's innovative fibroblast technology, which has shown promise in preclinical studies for integrating with native tissue and promoting regeneration [2][3] - The CEO of FibroBiologics emphasized that this patent application is a significant advancement in expanding the company's focus from chronic wounds to the structural repair of the musculoskeletal system, targeting large markets in degenerative disc disease and joint disease [3] Company Overview - FibroBiologics is a clinical-stage biotechnology company based in Houston, specializing in developing treatments and potential cures for chronic diseases using fibroblast cells and materials [4] - The company holds over 270 patents issued and pending, covering various clinical pathways including wound healing, multiple sclerosis, and orthopedics [4] - FibroBiologics aims to be at the forefront of medical advancements in cell therapy and tissue regeneration [4]
FibroBiologics Announces Payoff of Outstanding Debt
Globenewswire· 2025-11-26 13:30
Core Viewpoint - FibroBiologics has successfully repaid all outstanding convertible promissory notes, strengthening its balance sheet and eliminating further dilution from conversions [1][2][3] Financial Developments - The company has paid off the convertible promissory notes issued to Yorkville, which were part of a Standby Equity Purchase Agreement (SEPA) allowing the sale of up to $25 million in common stock [1][2] - The first $15 million was advanced in three equal tranches, and with the repayment, there will be no further conversions into shares [2] - The SEPA remains active until December 20, 2026, permitting the company to sell an additional $10 million of its common stock under certain conditions [2] Strategic Focus - The repayment of convertible debt allows the company to concentrate on advancing its clinical programs, particularly the initiation of first-in-human trials [3] - The company is preparing to start a Phase 1/2 clinical trial for its fibroblast-based product candidate CYWC628 in diabetic foot ulcer patients in early 2026 [4] - Additionally, the company plans to submit Investigational New Drug applications for treatments targeting psoriasis and multiple sclerosis [4] Company Overview - FibroBiologics is a clinical-stage biotechnology company based in Houston, focusing on developing therapeutics for chronic diseases using fibroblast cells [8] - The company holds over 270 patents issued and pending, covering various clinical pathways including wound healing, multiple sclerosis, and cancer [8]
FibroBiologics Announces Closing of $1.5 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-11-25 21:05
Core Viewpoint - FibroBiologics, Inc. has successfully closed a registered direct offering of 4,477,614 shares of common stock at $0.335 per share, raising approximately $1.5 million, with additional potential proceeds from unregistered warrants [1][3] Company Overview - FibroBiologics is a clinical-stage biotechnology company focused on developing therapeutics and potential cures for chronic diseases using fibroblasts and fibroblast-derived materials, holding over 270 patents [1][9] - The company is engaged in various clinical pathways, including wound healing, multiple sclerosis, disc degeneration, psoriasis, orthopedics, human longevity, and cancer [9] Offering Details - The registered direct offering was priced at-the-market under Nasdaq rules, and the unregistered warrants were issued concurrently, allowing for the purchase of an equal number of shares at the same exercise price [1][3] - The gross proceeds from the offering were approximately $1.5 million before fees and expenses, with the potential for an additional $1.5 million if the unregistered warrants are fully exercised [3] Regulatory Compliance - The shares offered in the registered direct offering were made under a "shelf" registration statement filed with the SEC, and a final prospectus supplement was filed with the SEC [4] - The unregistered warrants were offered in a private placement and have not been registered under the Securities Act, limiting their sale in the U.S. [5]
FibroBiologics Announces $1.5 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-11-24 14:00
Core Viewpoint - FibroBiologics, Inc. has announced a registered direct offering of 4,477,614 shares of common stock at $0.335 per share, along with a concurrent private placement of unregistered warrants for the same number of shares at the same exercise price, aiming to raise approximately $1.5 million in gross proceeds [1][3]. Group 1: Offering Details - The offering consists of 4,477,614 shares of common stock priced at $0.335 each, with a concurrent issuance of unregistered warrants to purchase the same number of shares at the same price [1]. - The closing of the offering is expected around November 25, 2025, pending customary closing conditions [1]. - H.C. Wainwright & Co. is acting as the exclusive placement agent for this offering [2]. Group 2: Financial Implications - The total gross proceeds from the offering are anticipated to be approximately $1.5 million before deducting fees and expenses [3]. - If the unregistered warrants are fully exercised, an additional gross proceeds of approximately $1.5 million could be realized [3]. - The net proceeds from the offering will be utilized for working capital and general corporate purposes [3]. Group 3: Regulatory Information - The shares are being offered under a "shelf" registration statement on Form S-3, which became effective on February 10, 2025 [4]. - The unregistered warrants and shares from the private placement are offered under Section 4(a)(2) of the Securities Act and have not been registered [5]. Group 4: Company Overview - FibroBiologics is a clinical-stage biotechnology company focused on developing therapeutics for chronic diseases using fibroblast cells, holding over 270 patents [9]. - The company is engaged in various clinical pathways, including wound healing, multiple sclerosis, and cancer, representing advancements in cell therapy and tissue regeneration [9].
FibroBiologics Receives HREC Approval for Phase 1/2 Clinical Trial for CYWC628 for the Treatment of Refractory Diabetic Foot Ulcers
Globenewswire· 2025-11-20 13:00
Core Viewpoint - FibroBiologics has received necessary regulatory approvals for a Phase 1/2 clinical trial of CYWC628 aimed at treating refractory diabetic foot ulcers, marking a significant milestone in the company's development of fibroblast-based therapies [1][5]. Company Overview - FibroBiologics is a clinical-stage biotechnology company based in Houston, focusing on developing therapeutics for chronic diseases using fibroblast cells and fibroblast-derived materials. The company holds over 270 patents issued and pending across various clinical pathways [1][11]. Clinical Trial Details - The approved clinical trial is a prospective, multicenter, randomized study designed to evaluate the safety, tolerability, and efficacy of CYWC628, a topically administered allogeneic fibroblast cell-based therapy for refractory diabetic foot ulcers. The trial will enroll 120 patients across 10 sites in Australia [1][3]. - Participants will receive treatment for up to 12 weeks, either with standard of care plus a low or high dose of CYWC628, or standard of care alone [3][10]. Trial Management - Southern Star Research, a full-service Australian CRO, will manage all aspects of the CYWC628 trial, continuing its partnership with FibroBiologics [2]. Expected Outcomes - The trial will assess wound healing outcomes, efficacy of response, and safety parameters through regular clinical and imaging evaluations. An interim analysis will be conducted after a predefined number of participants complete six weeks of treatment to evaluate primary safety and efficacy endpoints [4][10]. - The study aims to provide key clinical data supporting CYWC628 as a novel therapy for chronic wound management, addressing a significant unmet need in this area [5].
FibroBiologics Announces Closing of $4 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-11-20 00:03
Core Viewpoint - FibroBiologics, Inc. has successfully closed a registered direct offering, raising approximately $4 million through the issuance of common stock and pre-funded warrants, with a unique payment method involving gold coins [1][2][4]. Company Overview - FibroBiologics is a clinical-stage biotechnology company focused on developing therapeutics and potential cures for chronic diseases using fibroblasts and fibroblast-derived materials, holding over 270 patents [1][10]. - The company is engaged in various clinical pathways, including wound healing, multiple sclerosis, disc degeneration, psoriasis, orthopedics, human longevity, and cancer [10]. Offering Details - The company issued 3,540,000 shares of common stock and pre-funded warrants to purchase 8,570,203 shares at a price of $0.3303 per share [1]. - The purchase price was paid with sovereign-issued .9999 fine gold coins valued at $4,069.18 per ounce [2]. - In a concurrent private placement, unregistered warrants were issued to purchase up to 12,110,203 shares of common stock, with an exercise price of $0.3303 per share [3]. Financial Implications - The gross proceeds from the offering were approximately $4 million, intended for general corporate purposes, including debt satisfaction [4]. - If the unregistered warrants are fully exercised for cash following stockholder approval, the company could receive an additional $4 million [4]. Regulatory Compliance - The shares and pre-funded warrants were offered under a shelf registration statement previously filed with the SEC [5]. - The unregistered warrants were offered in a private placement and have not been registered under the Securities Act [6].
FibroBiologics Announces Pricing of $4 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-11-19 13:36
Core Viewpoint - FibroBiologics, Inc. has announced a definitive agreement for the issuance and sale of common stock and pre-funded warrants to an existing shareholder, aiming to strengthen its capital structure and support its pipeline of chronic disease therapeutics [1][2]. Financing Details - The company will issue 3,540,000 shares of common stock and pre-funded warrants to purchase 8,570,203 shares at a price of $0.3303 per share or warrant, totaling expected gross proceeds of approximately $4 million [1][5]. - The purchase price will be paid with sovereign-issued .9999 fine gold coins valued at $4,069.18 per ounce, which the company plans to liquidate into U.S. dollars [3]. Warrants and Stockholder Approval - In a concurrent private placement, unregistered warrants will be issued to purchase one share for each share or pre-funded warrant purchased, potentially allowing for an additional gross proceeds of approximately $4 million if exercised [4][5]. - The unregistered warrants will have an exercise price of $0.3303 per share and will require stockholder approval for the issuance of shares upon exercise [4]. Regulatory Compliance - The offering is being conducted under a shelf registration statement previously filed with the SEC, and the final prospectus supplement will be made available [6]. - The unregistered warrants are offered under Section 4(a)(2) of the Securities Act and have not been registered, limiting their sale in the U.S. [7]. Company Overview - FibroBiologics is a clinical-stage biotechnology company focused on developing therapeutics for chronic diseases using fibroblast cells, holding over 270 patents [10].
FibroBiologics Reports Third Quarter 2025 Financial Results and Provides Corporate Update
Globenewswire· 2025-10-31 20:30
Core Insights - FibroBiologics is advancing preparations for the manufacturing of its fibroblast-based spheroids product candidate, CYWC628, for a Phase 1/2 clinical trial targeting diabetic foot ulcers (DFU) patients [1] - The company is also preparing to submit Investigational New Drug (IND) applications for treatments of psoriasis with CYPS317 and multiple sclerosis with CYMS101 [1] Recent Highlights - The CEO emphasized the strategic focus on moving advanced product candidates towards clinical trials while establishing fibroblasts as a scalable platform [4] - Positive updates from the psoriasis research program indicate the potential of human dermal fibroblast spheroids as a novel therapeutic approach [6] - The Bone Marrow Organoid platform has been advanced, presenting new treatment options for hematopoietic cancers and age-related immune decline [6] Financial Highlights - Research and development expenses for the nine months ended September 30, 2025, were approximately $6.6 million, up from $3.1 million in the same period of 2024, primarily due to increased contract research costs and personnel-related expenses [5] - General and administrative expenses were approximately $7.4 million for the same period, compared to $6.9 million in 2024, driven by increased personnel and professional fees [10] - The net loss for the nine months ended September 30, 2025, was approximately $15.4 million, compared to a net loss of $8.1 million in 2024 [10] Upcoming Milestones - The company plans to complete manufacturing training runs for CYWC628 and confirm the sterility of the manufacturing process by the end of 2025 [6] - The initiation of the Phase 1/2 clinical trial in Australia for CYWC628 is expected in the first quarter of 2026, with completion anticipated in the third quarter of 2026 [6] - Pre-clinical IND-enabling studies for psoriasis and multiple sclerosis treatments are also set to be completed, with IND submissions planned [6]