What changed
Avalon GloboCare Corp. is developing an exosome isolation system and plans to develop therapeutic products as a byproduct. The company is in the early stage of production and intends to file investigational new drug applications for cell-based therapies and diagnostic systems. It also contemplates potential mergers and acquisitions to obtain additional products, personnel, and technologies.
Offering: $4,200,000 at $4,200,000 valuation
Key risk: Product candidates require substantial time and resources to develop with no guarantee of success.
Proceeds: mergers and acquisitions, debt repayment, laboratory and clinical trials, general and administrative expenses, working capital