Australia's PolyNovo jumps most in over 5 months on robust sales, revenue

Polynovo

06/12/2023 01:16

** Shares of PolyNovo Ltd  PNV.AX  rise as much as 7.8% to
A$1.450, biggest intraday gain since June 28, if current gains
hold 
    ** Stock hits their highest since Nov. 16
    ** Medical device developer says it recorded monthly sales
of A$8.8 mln ($5.79 mln)(unaudited) for Nov 
    ** Adds, total group revenue for the month, including BARDA
was A$9.5m, up 110% compared to same time last year
    ** Stock has fallen 33.4% this year as of last close


($1 = 1.5207 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))