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BioRestorative Therapies closes $5 million public offering By Investing.com
BioRestorative Therapies (NASDAQ:BRTX) has completed a $5 million public offering, issuing shares and warrants at $0.35 per share. Despite the new capital, the stock has recently plummeted over 72%, although InvestingPro data suggests it is undervalued. The proceeds will fund clinical trials for its BRTX-100 cell therapy, pre-clinical research for its ThermoStem Program, and development of its biocosmeceuticals platform.