Tissue Regenix raises £25m to fund expansion

MEDICAL device developer Tissue Regenix is to raise £25m and create 30 new jobs in Yorkshire.

The company is raising the funds through a share placing and will use the cash to develop its existing products including a blood vessel patch made from pig tissue and to develop a heart valve using the same techology.

It is also looking to fund expanded product development, quality assurance, regulatory and manufacturing teams as well as a move to new premises.

Executive chairman John Samuel said: "We are delighted to a... For the full story register now for free or login below...