Why Are Bone Biologics Shares Surging On Monday?

Newly listed Bone Biologics Corporation BBLG shares are surging after the Company announced to present at the H.C. Wainwright BioConnect Virtual Conference.

• Bone Biologics is focused on regenerative medicine for bone. 
• The Company is working on the Nell-1 protein, a bone graft substitute product on bone regeneration in spinal fusion, and has rights to trauma and osteoporosis applications.
• Recombinant NELL-1 is purified and mixed with 510-K-cleared Demineralized Bone Matrix putty in the operating room.
• As per the latest presentation, in preclinical studies, spine fusion effectiveness was demonstrated across 3 animal species.
• Preclinical studies have shown increases in spine fusion by 37.5% compared to the control.
•  The pivotal sheep study evaluated the effect of rhNELL-1 combined with DBX on lumbar interbody arthrodesis in an adult ovine model to support initiation of a pilot clinical study in Australia and IDE approval from the FDA.
• According to the Company presentation on the Website, the FDA has accepted pilot study data in Australia to enable US pivotal study.
• The Human Research Ethics Committee (HREC) approved the First in Man study in Australia with 30 subjects.
• Price Action: BBLG shares are up 85.70% at $6.35 during the market session on the last check Monday.