Tissue Regenix Group (TRX)

Sector:

Financials

Index:

FTSE AIM All-Share

65.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 71.50
  • 52 Week Low: 49.50
  • Currency: UK Pounds
  • Shares Issued: 70.57m
  • Volume: 6,769
  • Market Cap: £45.87m
  • RiskGrade: 22

Tissue Regenix strikes distribution deal in Italy

By Josh White

Date: Wednesday 09 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Medical device company Tissue Regenix has signed an exclusive distribution agreement with Geistlich Biomaterials Italia, it announced on Wednesday, for the distribution of 'OrthoPure XT' in Italy.
The AIM-traded firm said OrthoPure XT, a "decellularised xenograft ligament", uses its patented 'dCell' technology as the only available non-human biologic graft indicated for certain ligament reconstruction procedures.

OrthoPure XT was commercially launched in December 2020 after being awarded a CE mark for revision of anterior cruciate ligament (ACL) reconstruction procedures and the reconstruction of other knee ligaments, including multiligament and primary procedures when the autograft was deemed unacceptable.

The biocompatible implant provides a "biomechanically appropriate" tissue scaffold for cellular repopulation and eventual regeneration, the company explained.

It said the multiyear distribution agreement covered Italy currently, but also had the potential for extension to wider geographies.

As part of the deak, Geistlich committed to advance the clinical science surrounding OrthoPure XT, which would be conducted at "some of the leading institutions" by clinicians in Italy.

"Geistlich is a leader in regenerative products, so our commitments are aligned in delivering innovative products to advance patient care," said chief executive officer Daniel Lee.

"We are excited to work with them to build the clinical experience with OrthoPure XT and introduce this transformative product to the Italian medical community."

At 1327 GMT, shares in Tissue Regenix Group were up 10% at 0.37p.

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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 65.00p
Change Today -0.50p
% Change -0.76 %
52 Week High 71.50
52 Week Low 49.50
Volume 6,769
Shares Issued 70.57m
Market Cap £45.87m
RiskGrade 22

TRX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.87% below the market average44.87% below the market average44.87% below the market average44.87% below the market average44.87% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
80.49% above the market average80.49% above the market average80.49% above the market average80.49% above the market average80.49% above the market average
70.69% above the sector average70.69% above the sector average70.69% above the sector average70.69% above the sector average70.69% above the sector average
Income Not Available
Growth
21.86% above the market average21.86% above the market average21.86% above the market average21.86% above the market average21.86% above the market average
21.10% above the sector average21.10% above the sector average21.10% above the sector average21.10% above the sector average21.10% above the sector average

TRX Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
15:37 126 @ 65.00p
14:47 1,738 @ 63.00p
13:33 150 @ 63.00p
13:29 384 @ 64.00p
12:48 203 @ 65.50p

TRX Key Personnel

CEO Daniel Lee
CFO David Cocke

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