Banking & Finance  September 21, 2021

Innosphere re-ups with diabetic ulcer gel developer

FORT COLLINS — Innosphere Ventures Fund bought in again on GelSana Therapeutics Inc. An earlier backing funded product development for the start-up’s therapeutic gels.

Healing gel in action; new investment to pay for FDA application prep. Courtesy GelSana Therapeutics Inc.

This second seed-stage buy-in will accelerate research work, prepare a U.S. Food & Drug Administration submission and begin to build a pipeline of products.

GelSana’s hydrogels aim to improve healing of diabetic ulcers and other wounds: closing cuts and sores faster, growing stronger skin and enabling controlled delivery of healing therapies.

A product prototype was aimed at diabetic…

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