Orthocell Ltd (AU:OCC) has released an update.
Orthocell Ltd has announced the TGA application for its third revenue-generating product, SmrtGraft™, aimed at tendon repair and regeneration in the Australian market. SmrtGraft™ has shown to reduce revision surgery rates in tendon repairs, indicating its effectiveness and potential in a market worth over US$1.2 billion annually. With a strategy to expand into other key markets following Australia, Orthocell is poised to make significant strides in the regenerative medicine field with its innovative product lineup.
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