Welcome to our dedicated page for Avita Medical news (Ticker: RCEL), a resource for investors and traders seeking the latest updates and insights on Avita Medical stock.
Avita Medical Inc (RCEL) delivers breakthrough regenerative medicine solutions through its FDA-approved RECELL system, transforming wound care and skin restoration. This news hub provides investors and medical professionals with essential updates on clinical advancements, regulatory milestones, and strategic initiatives.
Access authoritative information about RCEL's innovative approach to burn treatment and skin repair, including FDA clearances, international regulatory progress, and partnerships shaping the future of point-of-care cell therapy. Our curated collection features press releases on product innovations, peer-reviewed research validations, and market expansion activities.
Key content categories include clinical trial outcomes, regulatory submissions, financial performance updates, and technological refinements to the RECELL platform. Users benefit from centralized access to verified information supporting informed analysis of this medical device innovator.
Bookmark this page for streamlined tracking of Avita Medical's progress in advancing regenerative wound care solutions. Check regularly for updates demonstrating how RCEL's patented technology continues to redefine standards in acute burn treatment and complex wound management.
AVITA Medical announced FDA approval for an enhanced version of its RECELL® Autologous Cell Harvesting Device, aimed at improving clinician efficiency in treating acute thermal burns. The new system simplifies workflows, reducing setup steps by one-third and requiring fewer support personnel. User surveys indicate 94% believe the device will speed up preparation, while over 80% expect a faster learning curve for new users. The product launch in the U.S. is slated for Q2 2022, reinforcing the company's commitment to advancing regenerative medicine solutions.
AVITA Medical (NASDAQ: RCEL) announced plans to release its financial results for the second half of 2021 on February 28, 2022, after market close. A conference call will follow to discuss these results. The company switched to a calendar year reporting system starting January 1, 2022. AVITA Medical is focused on regenerative medicine and offers the RECELL® System for treating burns by using a patient’s own skin cells, enhancing healing while reducing the need for donor skin.
AVITA Medical, Inc. (NASDAQ: RCEL) announced that CEO Dr. Mike Perry will present at the BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference on February 15, 2022, at 10:30 a.m. EST. The conference aims to showcase advancements in regenerative medicine, particularly AVITA's RECELL® System for treating acute thermal burns. This innovative technology uses a patient's own skin cells to regenerate healthy epidermis, significantly reducing the amount of donor skin needed. The RECELL System is FDA-approved and has demonstrated superior clinical outcomes in over 10,000 patients globally.
AVITA Medical has announced the acceptance of six abstracts at the 44th Annual John A. Boswick Burn & Wound Care Symposium, showcasing the clinical benefits of the RECELL® System for burn treatment. Held in Maui from January 22-27, these presentations highlight the system's advancements in treating burn wounds. With pivotal clinical trials for vitiligo and soft tissue reconstruction complete, the company aims to leverage its innovative technology for broader patient benefits. The RECELL® System has received significant recognition and is now used in over 10,000 patients worldwide.
AVITA Medical, Inc. (NASDAQ: RCEL) announced preliminary unaudited results for Q4 2021, reporting a 35% revenue increase to $6.9 million compared to $5.1 million in Q4 2020. As of December 31, 2021, the company held approximately $55.5 million in cash and marketable securities with no debt. The company completed enrollment in two pivotal clinical trials for its RECELL® System, aimed at treating vitiligo and soft tissue reconstruction, targeting FDA submissions in late 2022. Additionally, proof of concept was established in cell-based gene therapy for skin rejuvenation.
AVITA Medical has completed enrollment in its pivotal trial for the RECELL® System aimed at soft-tissue reconstruction, building on its existing burn treatment indication. This milestone is significant as it aligns with the company's focus on expanding treatment options for acute wounds. With a total addressable market of approximately $1 billion for soft tissue repair, the RECELL System could enhance options in the field while maintaining reimbursement compatibility. Topline data is expected in the second half of 2022.
AVITA Medical has announced promising preclinical results for its Spray-On Skin™ Cells, targeting skin rejuvenation and epidermolysis bullosa. Collaborating with the Houston Methodist Research Institute, they aim to reverse cellular aging, tapping into a $15 billion market. Additionally, partnerships with the University of Colorado School of Medicine highlight advancements in treating the rare skin disorder affecting 25,000-50,000 patients in the U.S., with potential annual care costs of $200K-$500K per patient. The company continues to innovate in regenerative medicine for unmet clinical needs.
AVITA Medical (NASDAQ: RCEL) has completed enrollment in its pivotal trial for the RECELL® System aimed at treating stable vitiligo, a skin condition affecting up to 2% of the population. The trial's completion is a significant step toward potential regulatory approval and commercialization slated for 2023. Dr. Mike Perry emphasized this milestone's importance for expanding RECELL's applications beyond burn treatment. The company plans to share topline data from the trial in the second half of 2022, highlighting the RECELL System's potential as a vital treatment option for vitiligo.
AVITA Medical (NASDAQ: RCEL) announced the adjournment of its 2021 Annual Stockholder Meeting set for December 14, 2021, due to insufficient quorum, with only 49% of shares represented. The meeting is rescheduled for December 22, 2021, at 1:00 p.m. PT. Valid proxies will remain valid unless revoked. The company continues to solicit votes to meet the quorum requirement for proposals filed with the SEC and ASX. If the quorum is not achieved again, additional costs will incur due to further adjournment.
AVITA Medical (NASDAQ: RCEL) announces upcoming presentations at major investor conferences. The company will present at the Canaccord Genuity MedTech Forum on November 18, 2021, at 10:30 AM EST, with a live webcast available. Additionally, AVITA will participate in the 33rd Annual Piper Sandler Virtual Healthcare Conference on December 2, 2021, with a replay accessible from November 22. AVITA Medical specializes in regenerative medicine, notably developing the RECELL® System for treating burns and chronic wounds using the patient’s own skin cells.
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