ASX-listed shares of AVITA Medical gain on distribution agreement for Australia and NZ

AVITA Medical

13/11/2024 24:16

** AVITA Medical's Australia-listed shares  AVH.AX  rise as much as 5.2% to A$3.87, hitting
their highest level since April 11
    ** U.S.-based biotech firm signs exclusive distribution agreement with private co Revolution
Surgical to expand into Australia and New Zealand
    ** Agreement is to distribute AVH's RECELL technology platform for the treatment of burn
wounds and full-thickness skin defects
    ** More than 204,000 shares change hands vs the 30-day avg volume of about 188,000 shares
    ** Stock down 10.7% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com))