Last A$0.09 AUD
Change Today +0.008 / 10.26%
Volume 394.8K
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As of 10:32 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

avita medical ltd (AVH) Snapshot

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01/28/14 - A$0.14
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12/4/14 - A$0.08
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avita medical ltd (AVH) Details

Avita Medical Limited, a medical device company, develops and distributes regenerative medicine and respiratory products in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company develops and distributes tissue-engineered products for the treatment of wounds and other skin defects. Its lead product is ReCell, an autologous cell harvesting, processing, and delivery technology that enable surgeons and clinicians to treat skin defects using the patient's own cells in a regenerative process for use in various wound, plastic, reconstructive, burn, and cosmetic procedures. The company also manufactures and sells a range of spacers, including Funhaler incentive asthma spacer for the paediatric market; and Breath-A-Tech spacer for the adolescent and adult markets. Avita Medical Limited is headquartered in Royston, the United Kingdom.

21 Employees
Last Reported Date: 09/26/14

avita medical ltd (AVH) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: A$328.9K
Vice President of Operations & Quality
Total Annual Compensation: A$153.4K
Vice President of Research & Technology
Total Annual Compensation: A$235.0K
Company Secretary
Total Annual Compensation: A$36.0K
General Manager of Asia Pacific
Total Annual Compensation: A$184.9K
Compensation as of Fiscal Year 2014.

avita medical ltd (AVH) Key Developments

Avita Medical Limited Auditor Raises 'Going Concern' Doubt

Avita Medical Limited filed its Annual on Sep 26, 2014 for the period ending Jun 30, 2014. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Avita Medical Limited Secures FDA Approval for US Clinical Trial of ReCell

Avita Medical Limited has secured US Food and Drug Administration (FDA) approval for extensive changes to the US clinical trial of ReCell®, making the trial more accessible to study participants and broadening the scope of use of ReCell to improve market penetration post regulatory approval. After a period of positive dialogue initiated by Avita Medical, the US FDA informed Avita that it has approved, without conditions, the Company's application to broaden the intended clinical indication of ReCell, and to expand patient eligibility. The revised clinical program takes advantage of US clinical experience to date within both the burns trial and FDA-approved compassionate use cases, allowing for evaluation of ReCell as a complementary treatment to expanded meshed skin grafting in a small confirmatory cohort of 25 patients. The major changes to the trial reflect the Company's renewed focus on commercialization efforts.

Avita Medical Limited Reports Preliminary Audited Consolidated Earnings Results for the Year Ended June 30, 2014

Avita Medical Limited reported preliminary audited consolidated earnings results for the year ended June 30, 2014. For the year, the company's sale of goods was $2,683,133 compared to $2,814,990 a year ago. Loss from continuing operations before income tax was AUD 6,659,112 compared to AUD 8,220,993 a year ago. Loss was AUD 5,147,391 compared to AUD 8,092,939 a year ago. Loss is attributable to owners of the company was AUD 5,147,391 compared to AUD 8,092,939 a year ago. Diluted loss per share attributable to ordinary equity holders of the parent was 1.58 cents compared to 2.69 cents a year ago. Net cash flows used in operating activities was AUD 6,924,939 compared to AUD 7,249,403 a year ago. Purchase of plant & equipment was AUD 75,541 compared to AUD 83,596 a year ago.


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