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EU Investment Looks To Regenerate Tissue, As Well As Its Economy

 
• By Barnaby Pickering

Xeltis, a Netherlands-based company producing cardiovascular implants to stimulate natural regeneration of biological tissue, has received funding from the European Union’s rescue fund.

Close-up of nanofibres produced by an electrospinning machine, similar to those used in Xeltis' devices • Source: Alamy

As part of the European Union’s €540bn ($607bn) post-COVID rescue package, the European Investment Bank (EIB) has signed a €15m quasi-equity agreement with the restorative device company Xeltis.

The money comes from the European Guarantee Fund, which has been charged with distributing some of the rescue money – €25 billion – into companies that have been negatively impacted...

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