** PolyNovo's shares PNV.AX drop about 5.5%, giving up most of their 8.2% gains in the previous session
** The medical device maker says medical devices are not currently exempt from U.S. import tariffs
** US sales accounted for about 78% of PNV's total sales in March
** The jump on Monday came after a 16% slide in a 4-session losing run; stock has now lost about 51% YTD
(Reporting by Nichiket Sunil in Bengaluru)
((nichiket.sunil@thomsonreuters.com))
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