Australia's PolyNovo sees best day in 21 months on upbeat first-half sales

Polynovo

11/01/2022 24:55

** Medical devices maker PolyNovo Ltd  PNV.AX  jumps as much
as 19.6% to A$1.710, their biggest intraday pct jump since April
2020
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02474455-3A585119?access_token=83ff96335c2d45a094df02a206a39ff4
 group's 1H22 total sales A$18.04 mln ($12.96 mln), above A$12.6
mln recorded last year
    ** Adds that U.S. sales in December, excluding funding from
U.S. biomedical research authority, was A$3.4 mln, up 76% from
last year
    ** PNV hits highest since Nov. 8, 2021
    ** About 3.9 mln shares change hands, vs the 30-day average
of 2.2 mln shares
    ** PNV down 6.2% this year, as of last close


($1 = 1.3918 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))