Gerontology Solutions is seeking additional development capital from its financiers to build on its counter-senescence product and solution portfolio.
Gerontology Solutions an innovative, privately-backed biotechnology company concentrating on the development of highly-advanced solutions to combat the sign of aging, is rumored to be in talks with its principal financiers, Tokyo-based Hawk Trade, to secure a further injection of funding to develop several new treatment solutions at its laboratories in Osaka, Japan.
Gerontology Solutions has recently been at the center of speculation that it is close to seeking a listing on a US stock exchange but sources at the company say the company will not be drawn into commenting on the conjecture about an IPO (initial public offering).
Gerontology Solutions, which has emerged as one of the star performers in the Hawk Trade portfolio in recent years, is engaged in an acquisitive drive with regard to patents held within the research and development facilities at several universities in Europe and the United States.
A spokeswoman for the company said, “Our commitment to the advance of anti and counter-senescence treatments has led us explore additional streams of development including those at key university Research and Development facilities. Naturally, once their work has been deemed appropriate, the researchers have to be compensated and this requires funding.”
A source at Hawk Trade who wished to remain anonymous as a condition of providing information said, “We are in receipt of an application for a further tranche of funding for Gerontology Solutions in the sum of $25 million. We expect to complete our due diligence on the application within the next two weeks and, if successful, the application will be approved and drawdown can take place at a time of the company’s choosing.”
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