Orthocell Eyes Fiscal 2027 Entry Into UK, European Union Markets
MT Newswires Live
Feb 02
Orthocell (ASX:OCC) said it plans to focus on completing launch planning for its fiscal 2027 entry into the UK and European Union markets, according to a Monday Australian bourse filing.
Its total revenue for the first half of fiscal 2026 came in at AU$6.2 million, up from AU$4.2 million in the year-ago period.
Orthocell estimated that it requires around 10,000 unit sales of its Remplir nerve repair product per annum in the US to reach cash breakeven, which is less than 1% of the addressable market, per the filing.
The firm's shares rose 1% in early trading on Monday.
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