Friday, January 20, 2012

Regenerative medicine firm KeraNetics closes in on $7M in financing

Regenerative medicine company KeraNetics, whose biomaterials research into healing damaged tissue is already in the U.S. military’s sights, is now raising a targeted $7 million in equity financing.

The Winston-Salem, North Carolina company has raised $4.7 million from 26 investors so far in a securities sale that began on Dec. 30, according to securities filings.

KeraNetics is based on technology developed at Wake Forest University‘s Institute for Regenerative Medicine. The company works with keratins, a class of fibrous structural proteins that make up the hair, the outer layer of the skin and fingernails.

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