Hardman Research: Dual revenue stream growth

RNS Number : 2491T

Tissue Regenix Group PLC

11 October 2017

 

Hardman Research: Dual revenue stream growth

Dual revenue stream growth - 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 the launch of DermaPure, focus has been on expanding in the US wound care and orthopaedic markets: in August 2017, TRX acquired CellRight Technologies, bringing in synergistic bone regeneration technology. FY'17 results will be the first to reflect the acquisition and will include 5 months of the enlarged entity. The 1H'17 results presented here are for stand-alone TRX, and show organic growth, both from the EU jv and from DermaPure, to a £1.38m total.

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http://hardmanandco.com/docs/default-source/company-docs/tissue-regenix--documents/11.10.17-dual-revenue-stream-growth.pdf

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