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Stock impact report

AVITA Medical Announces Exclusive Distribution Agreement to Expand to Australia and New Zealand [Yahoo! Finance]

Avita Medical, Inc. (RCEL) 
Company Research Source: Yahoo! Finance
regenerative medicine and pioneering devices for wound care management and skin restoration, today announced it has entered into an exclusive distribution agreement with Revolution Surgical Pty Ltd. This agreement marks an important milestone in our expansion into the Australian and New Zealand markets. Under the terms of the agreement, Revolution Surgical will serve as the exclusive distributor of the RECELL ® product platform, including RECELL GO ® (pending regulatory approval), in Australia and New Zealand. This partnership aims to enhance the availability and accessibility of AVITA Medical's products to a broader customer base in these regions. "Our collaboration with Revolution Surgical marks the return of RECELL to Australia," said Jim Corbett, Chief Executive Officer of AVITA Medical. "Originally developed in Australia, RECELL has since revolutionized burn care in the U.S. This agreement reintroduces our innovative technology to its place of origin and further demonstrates Show less Read more
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