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Additional information
Additional Information
Market: ASX
Sector: Pharma & Biotech
Epic: ASX:AVH
News: Latest news
Web Site: Avita Medical
Other Articles: 17-08-2009

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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Avita Medical

Avita Medical

Avita Medical Limited (ASX: AVH) is a publicly listed, global medical technology company trading on the Australian Stock Exchange. The company develops and distributes highly innovative products in Regenerative and Respiratory Medicine.

The company's regenerative and tissue-engineered products provide revolutionary solutions utilising the patient's own skin and the regenerative capability of the human body to treat a wide range of wounds, scars and skin defects.

ReCell® is a stand-alone, rapid cell harvesting device that enables surgeons to treat skin defects using the patient's own cells.

Monday, August 17, 2009

Avita Medical secures key regulatory approval for ReCell® spray on skin for Chinese market

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In a move that has spurred the Avita Medical (ASX: AVH) share price today, up 78% to 20.5 cents, Avita has secured regulatory approval for its ReCell® Autologous Spray-On Skin from the Chinese State Food and Drug Administration (SFDA).

The SFDA is responsible for regulation and supervision of medical products and is the competent authority for drug regulation in mainland China.

ReCell has been issued an unrestricted import license. Avita is targeting the burgeoning Chinese middle class for its ReCell product.

CEO of Avita Medical, Dr William Dolphin, said, “China is a key market for the company’s products. ReCell addresses the growing demand for cosmetic surgery, scar revision and burns treatment. The product is being targeted to China’s burgeoning middle class, a rapidly growing segment of the country’s 1.3 billion people.”

The target market for ReCell includes plastic and reconstructive surgeons, dermatologists, burns specialists and cosmetic specialists at high end military hospitals as well as larger private hospitals in major metropolitan centres of China.

The ReCell technology has strong sales potential in China where the cosmetics and plastics markets are growing exponentially. Estimates of the annual market are approximately US$2.4 billion. There are more than 100,000 cosmetic surgery clinics in China’s major hospitals.

ASX-listed Helicon Group (ASX:HCG) will be distributing ReCell through its established inmarket, specialist partners that it uses to distribute a range of medical devices.

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