Tissue Repair Ltd (AU:TRP) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Tissue Repair Ltd, listed on the ASX, reported a surge in TR Pro+® sales by 27% over the previous quarter, marking strong market acceptance with over 240 clinics placing orders. The company is advancing its TR987® treatment for chronic wounds, with significant progress in clinical trial preparations and the production of the Glucoprime® API. The company’s cash position remains robust at $15.9 million as of September 2024, despite net cash outflows driven by ongoing development and commercialization efforts.
For further insights into AU:TRP stock, check out TipRanks’ Stock Analysis page.