Polynovo Ltd
Company Profile
Business description
Polynovo earns most of its revenue from US sales of its NovoSorb Biodegradable Temporizing Matrix, or NovoSorb BTM. The product is a patented biodegradable synthetic scaffold to support the regeneration of the dermis when lost through surgery, trauma, burns, or other causes of tissue loss. Once the product is applied to a wound, it takes a few weeks for the dermal layer to fully integrate within the polymer scaffold before a clinician can delaminate the outer layer. A small wound would then close either naturally or with a dressing, while a larger wound would close through a split-skin graft or alternative product such as Avita’s RECELL. NovoSorb BTM then slowly degrades to harmless byproducts which are fully absorbed in roughly 18 months.
Contact
320 Lorimer Street
Unit 2
Port Melbourne VIC 3207
AUST: +61 386814050
Sector
Healthcare
Stock type
Defensive
Industry
Medical Devices
Fiscal Year End
30 June 2024
Employees
8
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Markets
Index
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Last price
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Change
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% Change
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|---|---|---|---|
| All Ordinaries | 7,863.10 | 31.20 | 0.40% |
| CAC 40 | 7,984.93 | 80.22 | -0.99% |
| DAX 40 | 17,932.17 | 186.15 | -1.03% |
| Dow JONES (US) | 37,903.29 | 87.37 | 0.23% |
| FTSE 100 | 8,121.24 | 22.89 | -0.28% |
| HKSE | 18,199.31 | 436.28 | 2.46% |
| NASDAQ | 15,605.48 | 52.34 | -0.33% |
| Nikkei 225 | 38,270.41 | 3.64 | -0.01% |
| NZX 50 Index | 11,874.04 | 6.46 | 0.05% |
| S&P 500 | 5,018.39 | 17.30 | -0.34% |
| S&P/ASX 200 | 7,601.00 | 31.10 | 0.41% |
| SSE Composite Index | 3,104.82 | 8.22 | -0.26% |
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