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Avita Medical Inc - RCEL STOCK NEWS

Welcome to our dedicated page for Avita Medical news (Ticker: RCEL), a resource for investors and traders seeking the latest updates and insights on Avita Medical stock.

Avita Medical Inc (RCEL) delivers breakthrough regenerative medicine solutions through its FDA-approved RECELL system, transforming wound care and skin restoration. This news hub provides investors and medical professionals with essential updates on clinical advancements, regulatory milestones, and strategic initiatives.

Access authoritative information about RCEL's innovative approach to burn treatment and skin repair, including FDA clearances, international regulatory progress, and partnerships shaping the future of point-of-care cell therapy. Our curated collection features press releases on product innovations, peer-reviewed research validations, and market expansion activities.

Key content categories include clinical trial outcomes, regulatory submissions, financial performance updates, and technological refinements to the RECELL platform. Users benefit from centralized access to verified information supporting informed analysis of this medical device innovator.

Bookmark this page for streamlined tracking of Avita Medical's progress in advancing regenerative wound care solutions. Check regularly for updates demonstrating how RCEL's patented technology continues to redefine standards in acute burn treatment and complex wound management.

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AVITA Medical reports Q2 2023 financial results: Commercial revenue of $11.7M, a 42% increase YoY. FDA approvals for full-thickness skin defects and repigmentation of vitiligo lesions. $68.8M in cash, no debt. Future milestones include FDA approval of RECELL GO by Dec 27, 2023. Financial guidance: Q3 2023 commercial revenue expected to be $13-14M, raising full year 2023 revenue to $51-53M. Gross margin for full year 2023 expected to be 83-85%. Q2 net loss of $10.4M. Conference call on Aug 10.
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AVITA Medical has submitted a premarket approval supplement to the FDA for its RECELL GO device, which aims to streamline the production process of Spray-On Skin Cells. The automated workflow eliminates the need for manual management of skin samples and is expected to receive FDA approval in January 2024.
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AVITA Medical rejoins the Russell 3000 Index, expanding exposure to the investment community and broadening investor base.
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AVITA Medical, a regenerative medicine company, has appointed David O'Toole as its new Chief Financial Officer. O'Toole brings over 30 years of experience in global corporate finance and capital markets. He will play a critical role in executing the company's growth initiatives.
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AVITA Medical receives FDA approval for expanded use of its RECELL System to treat full-thickness skin defects, significantly expanding market opportunity.
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AVITA Medical (NASDAQ: RCEL) will release its first quarter 2023 financial results on May 11, 2023, after U.S. markets close. A conference call is scheduled for the same day at 1:30 PM PT (6:30 AM AEST on May 12) to discuss these results and recent business updates. The RECELL System, a leading regenerative medicine technology for skin restoration, is a highlight of AVITA's offerings, approved by the FDA for treating burns. It prepares Spray-On Skin™ cells from a patient's own skin, enhancing treatment outcomes and reducing donor skin needs. Internationally, RECELL has gained regulatory approvals across several regions, including CE-mark in Europe and TGA registration in Australia. More details can be found on their Investor Relations website.

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Avita Medical Inc

Nasdaq:RCEL

RCEL Rankings

RCEL Stock Data

237.75M
26.13M
0.82%
24.74%
6.55%
Medical Devices
Surgical & Medical Instruments & Apparatus
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United States
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