Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Tissue Regenix Launches DermaPure In US; Stock Climbs

Shares of Tissue Regenix Group Plc (TRX.L) climbed around 18 percent in the morning trading in London after the British regenerative medical devices company announced that it has launched DermaPure, its decellularised dermis product, in the US.

Tissue Regenix's partner Community Tissue Services or CTS will begin shipping product to customers next week.

DermaPure is initially being targeted at acute care patients with diabetic foot ulcers. The company noted that the commercial launch of the DermaPure dermis allograft will now allow Tissue Regenix to target a market worth $1.4 billion a year for wound healing devices and equipment.

Tissue Regenix said its DermaPure works by taking human donor skin and removing the DNA and cells, using the patented dCELL process to leave a natural biological scaffold that can be placed in the wound to aid natural healing by attracting the patient's own cells to the wound area.

Tissue Regenix noted that its patented decellularisation or dCELL technology removes DNA and other cellular material from animal and human tissue leaving an acellular.

In addition to the launch of DermaPure, the company announced that it has continued to expand its distribution network around the country and currently has a network of over 60 reps that covers 80 percent of the US.

In addition, Tissue Regenix has signed an exclusive government supplier partnership with TASSMA for the distribution of DermaPure. The partnership with TASSMA will allow Tissue Regenix to immediately target the Department of Veteran's Affairs Healthcare System and the numerous branches of the US military, the company noted.

Greg Bila, President of Tissue Regenix Wound Care Inc. said, "Commercial production and distribution of the DermaPure is a significant step forward for Tissue Regenix. This paves the way for the development of other human tissue based medical treatments." In London, Tissue Regenix shares are currently trading at 24.15 pence, up 3.65 pence or 17.80 percent.

Register
To receive FREE breaking news email alerts for Tissue Regenix Group plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After ending the previous session roughly flat, stocks are likely to move to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 44 points. U.K. mortgage approvals increased more-than-expected to a 4-month high in June, recovering from a temporary slowdown caused by mortgage lending regulations. After four months of decline, approvals for house purchases increased to 67,196 in June from 62,007 in May, the Bank of England data showed Tuesday. It was forecast to rise to 63,000. The latest figure was the highest since February. New Zealand's diary giant Fonterra lowered its forecast for farmer payouts for the 2014/15 season citing falling world dairy prices and a strong New Zealand dollar. The 2014/15 Farmgate Milk Price forecast was lowered to NZ$6 per kg of milk solids from its earlier estimate of NZ$7 per kg in May, the...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.