Orthocell's Revenue Climbs to Record High in September Quarter; Shares Hit New 52-Week High

MT Newswires Live

2024/10/07

Orthocell (ASX:OCC) said its revenue rose almost 15% to AU$2 million in the September quarter from AU$1.8 million in the same period last year, according to a Monday filing with the Australian bourse.

The regenerative medicine company attributed its second straight quarter of record revenue to robust sales of Striate+ and Remplir. It expects to obtain US Food and Drug Administration approval for Remplir in the first quarter of 2025.

Orthocell's shares were up more than 4% in recent Monday trade and earlier hit a new 52-week high.

Price (AUD): $0.48, Change: $+0.02, Percent Change: +4.35%

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