Standard list shell BSF Enterprise (LON:BSFA) has completed the reverse takeover of Newcastle-upon-Tyne-based tissue engineering 3D Bio-Tissues Ltd for £2.5m in shares. The shares immediately went to a premium.
The proposed deal was initially announced last August after the shell had been listed for around three years.
Since incorporation in November 2018, 3D Bio-Tissues has raised £711,000 in equity funding and government grants. 3D Bio-Tissues started out developing substitute corneas, but this is still al long way from commercialisation. Lab grown meat and skincare applications are l...