Australia's PolyNovo gains on additional $10 mln funding from BARDA

Polynovo

02/10/2023 01:38

** Shares of PolyNovo  PNV.AX  rise as much as 2.7% to
A$1.34, their highest since Sept. 27
    ** Medical devices co says it has received additional
funding of $10 mln from the Biomedical Advanced Research and
Development Authority (BARDA)
    ** Says, funding for co's pivotal trial program of NovoSorb
BTM for treating full thickness burns
    ** PNV says, additional funding increases total commitment
from BARDA to $25 mln
    ** Stock down 35.4% YTD, as of last close
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))