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Allegra Orthopaedics: Secures $2M loan for Bone Substitute Project | Fintech InShorts: Latest fintech news, analysis by experts

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Allegra Orthopaedics: Secures $2M loan for Bone Substitute Project

By Steve Sam

April 28, 2021

Allegra Orthopaedics (AMT) has secured a loan facility of up to $2 million to progress the company’s Bone Substitute Project
The orthopaedic solutions provider is developing a composite biocompatible ceramic material known as Sr-HT-Gahnite
The orthopaedic solutions provider is developing a composite biocompatible ceramic material known as Sr-HT-Gahnite
Substantial shareholder Robinwood Investments will loan the funds, which may drawn down in tranches of $300,000 over a two-year term
The loan enables AMT to pursue commercialisation, including gaining regulatory approvals from the U.S. Federal Drug Administration and Australia’s Therapeutic Goods Administration
Allegra Orthopaedics shares last traded at 32 cents each

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