Stem Cell Firm Regeneus Raising Targets $10 Million
8/19/2013 7:03:01 AM
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REGENEUS executive chairman John Martin blanches at suggestions the regenerative medicine minnow is a poor man's alternative to stem-cell play Mesoblast, which commands a $1.9 billion market valuation. "We are not a poor man's anyone -- we have our own story," Mr Martin said, adding "There's no doubt Mesoblast has done a good job priming the Australian market about stem-cell therapies." In the first non-device biotech listing in more than two years, Regeneus principals are seeking to raise $10 million in an IPO, valuing the Sydney-based human and veterinary therapy outfit at $45m.
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