FibroBiologics announces opening of new lab facility

FibroBiologics (FBLG) announced the opening of a new laboratory facility that will expand the company’s ability to pioneer additional candidates for chronic disease-focused indications leveraging its novel fibroblast-based technology. The new laboratory space will increase the company’s pace of discovery for potential therapeutics including multiple chronic disease indications and will enhance the development of treatment candidates for upcoming target indications. The company plans to hire additional researchers to help staff the facility and join FibroBiologics’ mission to combat chronic diseases using its fibroblast-based technology platform. The facility encompasses over 10,000-square-feet of lab and office space, with the potential of bringing in-house our GMP manufacturing for our drug product candidates we plan to use in our future clinical trials.