Hardman Research: CellRight transforming US growth

RNS Number : 6752N

Tissue Regenix Group PLC

10 August 2017

 

Hardman Research: CellRight transforming US growth

CellRight Technologies: Transforming US growth prospects - TRX has a broad portfolio of regenerative medicine products developed from decellularised human and porcine soft tissues for the wound care, orthopaedics, and cardiac markets. Since launch of DermaPure, the focus has been on increasing penetration of the US woundcare market to access both in- and out-patient populations, via GPOs and Medicare, respectively. To accelerate growth in the US, TRX has announced the acquisition of CellRight Technologies, which has a synergistic regenerative technology based on bone. To fund the acquisition and provide more working capital, the company has raised £40m (gross) of new capital.

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