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Avita Medical (RCEL) Stock News, Oct 27, 2020

RCEL NASDAQ

AVITA Medical reports developments in therapeutic acute wound care, led by the RECELL platform for Spray-On Skin used in burn and trauma wounds. Company news commonly covers FDA-cleared wound-care indications, RECELL GO automation, international regulatory clearances, and the U.S. commercial portfolio that includes Cohealyx, a collagen-based dermal matrix, and PermeaDerm, a biosynthetic wound matrix.

Updates also include clinical data presentations, BARDA emergency-preparedness agreements, quarterly financial results, investor-conference participation, and board or executive governance changes. The recurring news themes connect AVITA Medical's product platform with acute burn care, trauma wound treatment, commercialization, reimbursement, and capital resources.

Rhea-AI Summary

AVITA Therapeutics (NASDAQ: RCEL) announced its plans to release Q1 2021 financial results on November 11, 2020, after market close. A conference call to discuss these results will follow at 1:30 PM Pacific time. The company focuses on regenerative medicine, particularly with its RECELL® System for treating burns, which received FDA approval in September 2018. This system significantly reduces donor skin requirements and has been used in over 8,000 patients worldwide.

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FAQ

What is the current stock price of Avita Medical (RCEL)?

Avita Medical (RCEL) last closed at $16.59.

What is the market cap of Avita Medical (RCEL)?

The market cap of Avita Medical (RCEL) is approximately $510.6M.