March 21 (Reuters) - Bone Medical Ltd BNE.AX :
* Acquisition of botanix pharmaceuticals inc BNE.AX
* Signed a binding term sheet to acquire botanix pharmaceuticals inc ("botanix") based in Philadelphia, USA
* Fully funded to complete initial Australian clinical studies through to commencement of phase 2 efficacy study in United States
* Says bne propose to raise $3 million via an offer under a prospectus by the issue of 150 million shares
* Source text for Eikon ID:nASX9SFZTY