Australia's PolyNovo jumps on group sales growth

Polynovo

20/10/2025 01:56

** Shares of Australia's PolyNovo PNV.AX rise as much as 9.1% to A$1.38, gaining their most since September 5

** Medical device firm posts group sales of A$34.7 million ($22.57 million) in Q1 FY26, up 33.3% y-o-y

** Says proposed changes to U.S. pricing in CY26 will reinforce co's  market opportunities

** YTD, stock down 35.4%

($1 = 1.5378 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))