On July 31, 2025, FibroBiologics, Inc. (FBLG) announced financial results for the second quarter of 2025 and provided a business update. The company recently closed on the third tranche of $5M from a $25M total financing, which will be used to support the upcoming Phase 1/2 clinical trial in diabetic foot ulcers (DFUs). That trial is expected to initiate in the first quarter of 2026 and complete in the third quarter of 2026. Additionally, the company is expected to complete pre-clinical IND-enabling studies of CYPS317 for the treatment of psoriasis by the end of 2025.

05 Aug 2025
FBLG: Closes Third Tranche of 5M

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FBLG: Closes Third Tranche of 5M
On July 31, 2025, FibroBiologics, Inc. (FBLG) announced financial results for the second quarter of 2025 and provided a business update. The company recently closed on the third tranche of $5M from a $25M total financing, which will be used to support the upcoming Phase 1/2 clinical trial in diabetic foot ulcers (DFUs). That trial is expected to initiate in the first quarter of 2026 and complete in the third quarter of 2026. Additionally, the company is expected to complete pre-clinical IND-enabling studies of CYPS317 for the treatment of psoriasis by the end of 2025.