FinTechFunding

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

  • 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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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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