Petra Capital Research Report | September 2024

Petra Capital has released a research report valuing #Orthocell (ASX:OCC) at A$1.28 per share.

The report summarises Orthocell’s revenue growth, and the strong outlook for the Company as it expands its global footprint with regulatory applications either planned or in progress for Remplir and Striate+.

The author noted:

“FY24 saw OCC’s Remplir and Striate products continue to gain traction after ~18 months on market. OCC is now focused on expanding the global footprint of both products. It is targeting 7 new markets, while continuing to execute on growing revenues from existing markets and progressing partnering process for Remplir and non-core tendon cell therapy (with the appointment of US advisors). A renewed Board and strong cash position are supporting this effort. We reiterate BUY, with our $1.28/sh TP offering >3x upside.”

Click here to read the report.

Proactive | Interview with Paul Anderson

Following the announcement that Orthocell is accelerating its global market expansion of Striate+™ and Remplir™, Managing Director Paul Anderson spoke with Jonathan Jackson at Proactive about the Company’s seven regulatory applications in progress or planned, targeting approval in significant markets.

Paul spoke of the positive feedback from clinicians on Orthocell’s innovative regenerative medicine products and plans to capture a meaningful share of the global market as part of the Company’s growth strategy.

“Orthocell has always focused on providing solutions for clinicians. When you combine those that are available to us, from both our dental bone product and our nerve product, we’re talking about $3 billion a year in addressable markets. We’re very confident, given the outstanding uptake that we’ve seen for both Striate+ and Remplir, that we can drive towards a 20% market share of that market. And we think that we can do that with our partners, in conjunction with the excellent product and education that we provide to surgeons internationally.”