Jason Napodano, CFA
Research analyst, medium-term horizon, biotech, small-cap

Positive Clinical And Commercial Updates From Avita Medical

(Editors' note: This article contains graphic images of burn victims).

Business & Financial Update

Avita Medical Limited (OTCQX:AVMXY) reported total sales for the first half of the year 2014, ended December 31, 2013, of AUD $1.37 million (1 AUD = 0.92 USD). Total sales were up 1.3% from the same period ended December 21, 2012. However, sales of ReCell Spray-On-Skin™ were up 35% in the quarter compared to December 31, 2012 and up 11% for the six-month period ended December 31, 2013. Sales of ReCell grew nicely in the United Kingdom and Australia, up 52% and 29% for the quarter, respectively. Unit sales were up 34% in the UK, 17% in Germany, and 10% in Australia.

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