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

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Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

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Monday February 08, 09:33Tethys Petroleum achieves flow rates of over 5,400 bopd at AKD01 discovery in Kazakhstan

Current mapping indicates that the AKD01 well is in a downdip location on the prospect Doris with approximately 56 metres of elevation updip of the well, potentially bringing the entire lower reservoir into the oil zone.

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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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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