ReGen Biologics, Inc. Closes $2.7 Million Private Placement

FRANKLIN LAKES, N.J.--(BUSINESS WIRE)--ReGen Biologics, Inc. (OTC: RGBI) announced today that it has completed an additional $2.7 million private equity placement. When combined with previously announced equity placements (in December 2006 and March 2007) it provides the company with a total of approximately $12.7 million in equity financing, and up to a total of approximately $12.7 million more upon exercise of options which become exercisable upon FDA clearance of the Company’s collagen scaffold 510(k). The recent placement was led by Ivy Capital Partners, LLC.

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