Polynovo Ltd
PolyNovo Limited is an Australia-based medical technology company.
The business
PolyNovo Limited is an Australia-based medical technology company. The Company’s business includes designing, manufacturing and selling biomedical devices. Its principal activity is the development of medical devices for medical applications, utilizing the patented bioabsorbable polymer technology NovoSorb. NovoSorb is a family of proprietary medical grade polymers that can be utilized to manufacture medical devices designed to support tissue repair. NovoSorb polymer devices can be expressed in a variety of physical formats including foam, coatings, fibers, plastic structures, films, and biologic carriers. Its products include NovoSorb Biodegradable Temporizing Matrix (BTM) and NovoSorb MTX. NovoSorb BTM is a bilayer dermal matrix for the regeneration of the dermis when lost through extensive surgery, trauma or burn. NovoSorb MTX has applicability for single stage grafting in burns, chronic, and surgical wounds.
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Latest news
nib draws Medibank customers, Brickworks posts record profit and PolyNovo announces capital raise
As Medibank (ASX: MPL) clients continue to fear for the safety of their data after the October cyber-attack, rival insurer nib Holdings (ASX: NHF) has confirmed some customers have made the switch over to its service. nib saw a 4.7% rise in policyholder growth from July to the end of October, which helped drive a […]
Fortescue invests in German green hydrogen project, PolyNovo achieves record quarter and Ampol partners with Hyundai
Fortescue Metals Group (ASX: FMG) has announced its green division, Fortescue Future Industries (FFI), has entered into a global strategic collaboration with energy infrastructure developer Tree Energy Solutions (TES) to execute a “world-leading” hydrogen project in Germany. As per the agreement, FFI’s subsidiary Netherlands Fortescue Future Industries will invest €30 million (A$46 million) to become […]
Westpac cuts lending to coal, oil and gas companies, Rio Tinto strikes landmark deal and PolyNovo appoints CEO
Australian banking giant Westpac (ASX: WBC) has announced plans to cut its lending to coal, oil and gas companies by nearly a quarter by 2030 in an effort to cut emissions. The move follows National Australia Bank’s (ASX: NAB) intentions to implement a $2.4 billion cap on lending to oil and gas companies and the […]
PolyNovo posts record US quarterly sales, secures debt facility for Melbourne factory expansion
Australian medical device company PolyNovo (ASX: PNV) has posted record US sales for the March 2020 quarter, validating an earlier claim that the coronavirus pandemic would not have any material impact on its business. The company’s sales for the quarter were $4.49 million, reflecting a 166% increase on the $1.69 million recorded in the previous corresponding period, […]
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