August 13 2008, 1:31 pm PT | Posted in: Hair Cloning
Snippet from the article:
Just seven months after its $5.5 million Series A financing round, the Boston-based startup today announced it has raised an additional $11 million to bolster its efforts to develop new methods of treating male- and female-pattern baldness and other hair-follicle disorders such as excessive hair growth and acne.
Read the full story — New Fundraising for Hair-Raising: Follica Takes in $11 Million for Baldness-Treatment Approach
What does this all mean for the future of hair cloning / multiplication? Well, that remains to be seen. This is exciting stuff and I hope the additional funds will bring this technology to the next level. As for when/if it’ll make it to market — well, I couldn’t say. Follica just came on the scene in late 2006 and I’d expect many years to come before anything of substance came out, if at all. Not to be a pessimist, but we’ve seen a number of failed attempts at these types of methods over the years. Lots of questions remain, and this is still the very, very early stages.
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Actually, Follica isn’t hair follicular cloning. It was based on an accidental discovery that wnt’s injected into a surface wound causes the appearance of new hair follicles.