Polynovo Ltd
Company Profile
Business description
Polynovo earns most of its revenue from US sales of its NovoSorb Biodegradable Temporizing Matrix, or NovoSorb BTM. The product is a patented biodegradable synthetic scaffold to support the regeneration of the dermis when lost through surgery, trauma, burns, or other causes of tissue loss. Once the product is applied to a wound, it takes a few weeks for the dermal layer to fully integrate within the polymer scaffold before a clinician can delaminate the outer layer. A small wound would then close either naturally or with a dressing, while a larger wound would close through a split-skin graft or alternative product such as Avita’s RECELL. NovoSorb BTM then slowly degrades to harmless byproducts which are fully absorbed in roughly 18 months.
Contact
320 Lorimer Street
Unit 2
Port Melbourne VIC 3207
AUST: +61 386814050
Sector
Healthcare
Stock type
Defensive
Industry
Medical Devices
Fiscal Year End
30 June 2024
Employees
8
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Markets
Index
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Last price
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Change
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% Change
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|---|---|---|---|
| All Ordinaries | 7,785.80 | 113.10 | -1.43% |
| CAC 40 | 8,023.26 | 41.75 | 0.52% |
| DAX 40 | 17,837.40 | 67.38 | 0.38% |
| Dow JONES (US) | 37,775.38 | 22.07 | 0.06% |
| FTSE 100 | 7,877.05 | 29.06 | 0.37% |
| HKSE | 16,105.90 | 279.97 | -1.71% |
| NASDAQ | 15,601.50 | 81.87 | -0.52% |
| Nikkei 225 | 36,818.81 | 1,260.89 | -3.31% |
| NZX 50 Index | 11,736.01 | 100.03 | -0.85% |
| S&P 500 | 5,011.12 | 11.09 | -0.22% |
| S&P/ASX 200 | 7,536.20 | 105.90 | -1.39% |
| SSE Composite Index | 3,061.88 | 12.35 | -0.40% |
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