Aberdeen Uni spin out set for next multi-million investment round

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A medical device company that spun out of the University of Aberdeen is on track to raise millions in a second round of funding from investors.

Sirakoss, which has developed synthetic bone graft technology, is seeking to raise between £3.5million to £5million this year to take its products through regulatory approvals in its key US and European markets. These regions along with Japan make up around 80% of the growing $3billion (£2.4billion) global orthopaedic market the firm targets with its products.