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AVITA Medical Launches RECELL System For Acute Thermal Burns In U.S.; Stock Up

Shares of AVITA Medical (AVH.AX, AVMXY) were gaining around 5 percent in Australian trading as the regenerative medicine company announced that it has commenced the U.S. national market launch of the RECELL Autologous Cell Harvesting Device or RECELL System for the treatment of acute thermal burns in patients 18 years and older.

The U.S. sales team of Regenerative Tissue Specialists and Clinical Training Specialists that joined AVITA Medical in November 2018 has been trained and fully deployed across the U.S. in support of the nationwide launch of the RECELL System.

In advance of the national launch, AVITA Medical has been actively fulfilling orders in response to strong market demand. AVITA said its new commercial team is now in active discussions with nearly half of the total number of burn centers across the U.S.

The company also announced the successful commercial results that have been achieved in advance of the national market launch. The company said 36 burns centers have begun the purchase authorization process with their hospital administration, 25 burn centers have been trained and certified in the use of the RECELL System, and 12 accounts have already placed orders and have received commercial shipments.

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