Orthocell raising $3.5 million; adds heavy hitters to register
February 23, 2024 at 10:16 am EST
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Orthocell Ltd (ASX:OCC) managing director Paul Anderson sits down with Jonathan Jackson in the Proactive studio to discuss the company’s $3.5 million capital raise and the addition of some heavy hitting investors to the share register. The company is now cashed up to pursue its global market strategy of advancing its Striate+ bone repair and Remplir nerve repair products in international markets. The company is focused on a strategic regulatory program and the completion of a pivotal nerve repair study for US regulatory approval in 2024. It has also has also solidified a long-term partnership with the University of Western Australia.
Orthocell chair John Van Der Wielen said: “The support of these strategic investors is an endorsement of Orthocell’s science, business strategy and progress in commercialising its leading bone and nerve repair products, and the exciting outlook for the company as it progresses approvals in new key jurisdictions like the US."
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Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Orthocell Limited is an Australia-based regenerative medicine company. The Company is focused on regenerating mobility for patients by developing products for the repair of a variety of bone and soft tissue injuries. Its portfolio of products includes CelGro, Striate+, Remplir, and SmrtGraft. CelGro is a collagen medical device that facilitates tissue reconstruction and healing in a variety of dental and orthopedic reconstructive applications. CelGro is manufactured using a SMRT manufacturing process to preserve the natural collagen structure. Striate+ is used for dental GBR applications. Remplir is for peripheral nerve reconstruction. SmrtGraft is for tendon repair. Its other major products are autologous cell therapy, which focuses on regenerating damaged tendon and cartilage tissue. It is engaged in the development of its tendon cell therapy in the United States. Its autologous tendon therapy is an advanced injectable cellular therapy for the treatment of chronic tendon injuries.
ORTHOCELL LIMITED 
