WALTHAM, Mass., Aug. 30, 2021 /PRNewswire/ -- Fresenius Medical Care, the world's leading provider of products and services for individuals with renal diseases, is investing an additional USD 25 million in the U.S. medical company Humacyte, Inc. In connection with the merger of Humacyte with a special purpose acquisition company (SPAC), Fresenius Medical Care is increasing its position in the newly combined entity as the lead investor of a private investment in public equity (PIPE). Fresenius Medical Care acquired a stake in Humacyte in 2018 for USD 150 million and agreed then on a strategic partnership. The combined company, which will be called Humacyte, is listed and trades on the Nasdaq exchange under HUMA. Fresenius Medical Care's original stake in Humacyte will be exchanged for shares in the combined company.
Humacyte is developing implantable human acellular vessels for multiple vascular repair, reconstruction and replacement. These vessels are biologically produced blood vessels made from banked human smooth muscle cells; they are manufactured to be non- immunogenic and are to be available "off the shelf" when needed by a patient. Among numerous applications, the product is now being investigated in a clinical study for use as a vascular access for hemodialysis patients, and may prove more effective than conventional synthetic grafts and fistulas in reducing infection as well as central venous catheter use. Other possible applications include reconstruction and...
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