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Stock impact report

FibroBiologics Granted Patent for Regeneration of Cartilage-Type Cells by the Australian Patent Office

FibroBiologics, Inc. (FBLG) 
Company Research Source: GlobeNewswire
HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- FibroBiologics, Inc. (Nasdaq: FBLG) (“FibroBiologics”), a clinical-stage biotechnology company with 150+ patents issued and pending with a focus on the development of therapeutics and potential cures for chronic diseases using fibroblasts and fibroblast-derived materials, announced the issuance of a patent from the Australian Patent Office (Patent Number 2017207445) covering the proprietary method using a particular cellular blend for the regeneration of chondrocytes or cartilage-type cells. Cartilage is a vital connective tissue that provides cushioning, support, and flexibility to the joints including the spine. Cartilage tissue, due to a lack of vascularization, has a limited capacity to heal when damaged, potentially leading to pain, inflammation, and loss of function in the affected joint. FibroBiologics’ fibroblast cell-based technology offers a potential solution to regenerate cartilage tissue and restore its function, by using a n Show less Read more
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