Innovation in bone healing and tissue repair
16 May 17
Kuros prepares for commercialization of its lead products and considers share placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN

 

Schlieren (Zurich), Switzerland, May 16, 2017

Kuros prepares for commercialization of its lead products and considers share placement

Kuros Biosciences, a late-stage life sciences company focusing primarily on innovative orthobiologics, today announced that it is preparing the commercialization of its first two products: MagnetOs, an innovative synthetic bone graft substitute recently approved in the US and Europe, and Neuroseal, a novel dural sealant expected to be approved in Europe in 2017. In order to maximize the commercial opportunity of these products, Kuros is evaluating options to raise additional funds including a potential placement of new shares.

“Kuros prepares for commercialization of MagnetOs in the US and in Europe. MagnetOs is an innovative synthetic bone graft substitute approved in the US and EU,” said Dr. Ivan Cohen-Tanugi, Chief Executive Officer of Kuros.  

 

Kuros’ portfolio combines innovative orthobiologics, including MagnetOs and growth factor-based biologics. In addition, Kuros has recently submitted for marketing approval for its dural sealant, Neuroseal, in Europe.

 

“Kuros is focusing on differentiated biologics and devices which improve patient and surgery outcomes. Kuros has been committed to generating strong scientific evidence to support the activity and benefit of its products,“ said Dr. Ivan Cohen-Tanugi, Chief Executive Officer of Kuros.

 

“The proceeds from a potential fund raising would support the Company’s commercial activities and fund the market launch of our innovative products. Both products are targeting attractive markets,” commented Harry Welten, Chief Financial Officer.

 

In relation to the potential capital increase for the transition into a commercial-stage business, Kuros is assisted by Zürcher Kantonalbank, goetzpartners Corporate Finance Ltd. and Octavian. The Company considers raising up to CHF 20 million. “The timing, final amount and structure of the fund raising will depend on market conditions and investors’ demand,” said Harry Welten, Chief Financial Officer.



Kuros Biosciences AG
Wagistrasse 25, 8952 Schlieren, Switzerland
Tel: +41 44 733 47 47   Fax: +41 44 733 47 40   Email: info@kuros.ch

About Kuros

  1. Overview
  2. Executive Committee
  3. Board

Products

  1. Pipeline
  2. Orthobiologics
    Fracture repair
    KUR-111
    KUR-113
    MagnetOs
    Spinal fusion
    KUR-113
    MagnetOs
    Solitary Bone Cysts
    KUR-112
  3. Sealants
    Neuroseal (KUR-023)

Technologies

  1. Overview
  2. Surface Science Technology
  3. Synthetic Cross-Linking Technology
  4. Fibrin-Based
  5. Immune Modulation
  6. Publications

Partnerships

  1. Collaborations
  2. Business development

Investors

  1. Share price
  2. Regulatory filings
  3. Reports & presentations
  4. Calendar
  5. Corporate governance
  6. Stay informed

News

  1. Press releases
  2. Conferences & Events

Contact

  1. Location
Article
16 May 17
Kuros prepares for commercialization of its lead products and considers share placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN

 

Schlieren (Zurich), Switzerland, May 16, 2017

Kuros prepares for commercialization of its lead products and considers share placement

Kuros Biosciences, a late-stage life sciences company focusing primarily on innovative orthobiologics, today announced that it is preparing the commercialization of its first two products: MagnetOs, an innovative synthetic bone graft substitute recently approved in the US and Europe, and Neuroseal, a novel dural sealant expected to be approved in Europe in 2017. In order to maximize the commercial opportunity of these products, Kuros is evaluating options to raise additional funds including a potential placement of new shares.

“Kuros prepares for commercialization of MagnetOs in the US and in Europe. MagnetOs is an innovative synthetic bone graft substitute approved in the US and EU,” said Dr. Ivan Cohen-Tanugi, Chief Executive Officer of Kuros.  

 

Kuros’ portfolio combines innovative orthobiologics, including MagnetOs and growth factor-based biologics. In addition, Kuros has recently submitted for marketing approval for its dural sealant, Neuroseal, in Europe.

 

“Kuros is focusing on differentiated biologics and devices which improve patient and surgery outcomes. Kuros has been committed to generating strong scientific evidence to support the activity and benefit of its products,“ said Dr. Ivan Cohen-Tanugi, Chief Executive Officer of Kuros.

 

“The proceeds from a potential fund raising would support the Company’s commercial activities and fund the market launch of our innovative products. Both products are targeting attractive markets,” commented Harry Welten, Chief Financial Officer.

 

In relation to the potential capital increase for the transition into a commercial-stage business, Kuros is assisted by Zürcher Kantonalbank, goetzpartners Corporate Finance Ltd. and Octavian. The Company considers raising up to CHF 20 million. “The timing, final amount and structure of the fund raising will depend on market conditions and investors’ demand,” said Harry Welten, Chief Financial Officer.