Tissue Regenix Group (TRX)

Sector:

Financials

Index:

FTSE AIM All-Share

 61.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 71.50p
  • 52 Week Low: 49.00p
  • Currency: UK Pounds
  • Shares Issued: 70.57m
  • Volume: 944
  • Market Cap: £43.40m
  • RiskGrade: 22
  • Beta: 0.00

Tissue Regenix extends dCELL technology with new DermaPure product

By Josh White

Date: Thursday 03 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Regenerative medical devices company Tissue Regenix Group announced the launch of a product line extension 'DermaPure Non-Oriented' on Thursday, which it said was specifically tailored for the surgical and trauma markets, further expanding the reach of its flagship 'dCELL' technology product, 'DermaPure'.
The AIM-traded firm said DermaPure Non-Oriented, processed utilising its patented dCELL technology, had two identical sides, meaning the orientation of the graft was not a factor during application or implantation.

That, the board said, would enhance ease of application, while also maintaining the acellular scaffold and thereby promoting tissue regeneration.

The company said the primary indication for the product line would be uro-gynecological procedures, where the group said it already had a "strong" working relationship with partner and specialist distributor, ARMS Medical.

Last week, the product was unveiled at the American Urogynecologic Society annual meeting in Nashville, Tennessee, and was now available for distribution in an initial size of seven by 10 centimetres.

"Our commercial success is predicated on our ability to identify new clinical applications and rapidly develop product lines to meet this demand," said Tissue Regenix interim chief executive officer Gareth Jones.

"Working closely with our strategic partner, ARMS Medical, we are confident that DermaPure Non-Oriented will offer our clinicians the clinical outcomes and health economic benefits they require.

"We continue to see the growing demand for DermaPure, as demonstrated in our recent interim results, and expect that DermaPure Non-Oriented will augment this product portfolio, driving adoption by physicians in the future."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TRX Market Data

Currency UK Pounds
Share Price 61.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 71.50p
52 Week Low 49.00p
Volume 944
Shares Issued 70.57m
Market Cap £43.40m
Beta 0.00
RiskGrade 22

TRX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.03% below the market average42.03% below the market average42.03% below the market average42.03% below the market average42.03% below the market average
61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average
Price Trend
61.18% above the market average61.18% above the market average61.18% above the market average61.18% above the market average61.18% above the market average
39.66% above the sector average39.66% above the sector average39.66% above the sector average39.66% above the sector average39.66% above the sector average
Income Not Available
Growth
20.26% above the market average20.26% above the market average20.26% above the market average20.26% above the market average20.26% above the market average
17.43% above the sector average17.43% above the sector average17.43% above the sector average17.43% above the sector average17.43% above the sector average

TRX Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
08:42 944 @ 61.05p

TRX Key Personnel

CEO Daniel Lee
CFO David Cocke

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