Elutia Completes SimpliDerm® Sale on Schedule, Adds $8 Million in Cash to Fund NXT-41x Through Full Commercial Launch
Elutia Inc. has finalized the sale of its SimpliDerm human acellular dermal matrix business for up to $11 million, including an $8 million upfront payment. The transaction strengthens Elutia’s balance sheet with non-dilutive capital and enables the company to focus on developing and commercializing NXT-41x, an antibiotic-eluting biomatrix targeting…