Bone Therapeutics announces pricing of private placement

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Gosselies, Belgium, 11 December 2020, 8am CET – BONE THERAPEUTICS SA (Euronext Brussels and Paris: BOTHE; or “Bone Therapeutics”), the cell therapy company addressing unmet medical needs in orthopedics and other diseases, today announces that it has entered into subscription agreements with investors to purchase up to 4,408,881 new shares at an issue price of EUR 2.25 per share resulting in gross proceeds of approximately EUR 10 million (the "Private Placement").

“Achieving this successful private placement will enable Bone Therapeutics to firmly advance therapies from our cutting-edge allogeneic MSC platform in orthopedics towards commercialization. It also allows us to continue to use this platform to expand to other therapeutic areas and develop novel technologies to further enhance the capabilities of Bone Therapeutics’ unique MSC platform,” said Jean-Luc Vandebroek, Chief Financial Officer, Bone Therapeutics. “This fundraising is a milestone for Bone Therapeutics as this is the first time we have actively achieved support from US investors to add to our existing shareholders and new investors from Europe. The strong support and a high level of