Veritas Securities Limited has released an Equity Research report valuing Orthocell (ASX: OCC) at A$0.90 per share.

The report summarises the commercial potential of Orthocell’s novel orthopaedic repair technology and its advanced product pipeline, as well as the competitive advantages and revenue opportunities associated with its Striate™ and Remplir™ products – especially in the US.

Describing the Company as being on the cusp of widespread adoption, the author noted:

“The wait looks to be over for Orthocell investors. It typically takes 7-12 years for a novel medical treatment to contribute meaningful revenues. It is now 8 years since the Company commenced the pilot CelGro study. With the validation of the CelGro platform from the BioHorizons deal and scale up of manufacturing capacity recently completed, the transition to a global medical device manufacturer has begun.”

The report also highlights the strengths of the leadership team, noting “the board and executive team of Orthocell contains the right mix of scientific and commercial expertise for the next phase of growth.”

Click here to read the Equity Research report.

Orthocell (ASX:OCC) has announced the commencement of a nerve repair study aimed at supporting product marketing initiatives and international regulatory and reimbursement strategies for its nerve repair device, Remplir.

The comparator study aims to evaluate the safety, mechanism of action and product performance of Remplir™, when used as a nerve wrap in peripheral nerve repair, compared to traditional repair methods. The study forms part of a comprehensive pre-clinical and clinical development program in nerve repair and regeneration and will be conducted in collaboration with leading orthopaedic researcher, Professor Bill Walsh, at the University of New South Wales.

 Orthocell Managing Director, Paul Anderson, said: 

“Remplir™ has shown, in previous studies, to be the superior product for nerve regeneration when compared to an FDA-approved comparator device. We are confident that the outcomes of this study will be consistent with the clinical performance of Remplir™ to date, and validate that Remplir™ is easier to use, reduces the need for sutures and results in more consistent and predictable return of muscle function.”

Click here to read today’s ASX release.

Orthocell has today shared positive results from the crossover extension arm of our randomised clinical trial examining the performance of our OrthoATI™ therapy in the treatment of rotator cuff tendon injuries, compared to a steroid injection.

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Orthocell has now received first purchase orders for our flagship collagen medical device products Striate+™ and Remplir, via our valued distribution partners.

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