A private investor has invested NIS 1.25 million in the bone regeneration technology company.
The share price of Haifa-based Bonus BioGroup (formerly Oceana Advanced Industries) has shot up on the Tel Aviv Stock Exchange after the company reported that it had raised money from a private investor. Under the investment agreement, the company will allocate 3,125,000 ordinary shares to the investor for NIS 1.25 million cash, giving a price per share of NIS 0.40. BioGroup's share price is currently up more than 17%, at NIS 0.356.
The money is earmarked for, among other things, trials of the company's bone regeneration technology based on implants produced from the patient's fat tissue. According to the company, this method prevents rejection of the implant by the patient's body.
Published by Globes [online], Israel business news - www.globes-online.com - on March 2, 2015
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