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Sep 30, 2021
Humacyte Q3 2021 Earnings Report
Humacyte reported financial results for the third quarter ended September 30, 2021, and highlighted recent corporate accomplishments.
Key Takeaways
Humacyte completed its business combination with Alpha Healthcare Acquisition Corp. and raised $242M in proceeds. The company progressed advanced-stage clinical- and early-stage programs of the human acellular vessel (HAV™) and other engineered tissue platform applications.
Completed business combination with Alpha Healthcare Acquisition Corp.
Raised $242M in proceeds.
Progressed advanced-stage clinical- and early-stage programs of the human acellular vessel (HAV™).
Company is laying a strong foundation of clinical, technical and infrastructure progress to support continued advancement toward commercialization.
Humacyte
Humacyte
Forward Guidance
Humacyte is focused on advancing its bioengineered tissue platform to create novel human acellular tissues and organs and transition to a public company.
Positive Outlook
- Advancing bioengineered tissue platform.
- Creating novel human acellular tissues and organs.
- Transitioning to a public company.
- Laying a strong foundation of clinical progress.
- Laying a strong foundation of technical progress.
Challenges Ahead
- Impact of COVID-19 on Humacyte’s business.
- Changes in applicable laws or regulations.
- Possibility that Humacyte may be adversely affected by other economic factors.
- Possibility that Humacyte may be adversely affected by other business factors.
- Possibility that Humacyte may be adversely affected by competitive factors.