CollPlant Receives Substantial, Repeat Order for Its Biological Ink
Second order in two months from same, multinational biotechnology company, related to the development of technology for 3D bio printing of life saving organs
NESS ZIONA, Israel, November 28, 2017 /PRNewswire/ --
CollPlant (CLPT.TA) (CQPTY), a regenerative medicine company utilizing its proprietary plant-based rhCollagen technology for tissue repair products (recombinant human, "rhCollagen"), announced that it has received an additional order, totaling hundreds of thousands of dollars, for the supply of its collagen and biological ink.
The order is from a major, multinational biotechnology company that is developing a technology for 3D bio-printing of life-saving organs. The first part of the order, amounting to approximately US $100,000, will be supplied immediately, and the remainder will be supplied between January 2018 and April 2018. This represents the second order received from this biotechnology company within the last two months. The biological ink is intended for use in the development of a technology to print life-critical organs such as the liver, kidneys, spleen, lungs and heart.
Yehiel Tal, CEO of CollPlant: "We are working intensively to promote joint ventures with leading companies in the field of biological 3D printing, and this reorder validates both the quality of our product and the progress we are making to create a significant footprint in the field."
