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The funding will cover the development of a man-made osteochondral scaffold for large defect repairs.
Osteochondral injuries are repetitive trauma that occur within a joint such as the knee or elbow.
It is partnering with University College London and Oxford MEStar, a firm specialising in translational and regenerative medicine.
“Our relationship with UCL has already led to the licensing of novel collagen material from the laboratories of professor Brown,” said Collagen Solutions chief executive Stewart White.
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Source: Proactive Investors