AVITA Medical Announces Distribution Partnership With PolyMedics Innovations To Expand to Europe
Portfolio Pulse from Benzinga Newsdesk
AVITA Medical, Inc. (NASDAQ:RCEL) has entered into a distribution agreement with PolyMedics Innovations GmbH to expand its global presence to Europe. PolyMedics Innovations will serve as the exclusive distributor of AVITA's RECELL in Germany, Austria, and Switzerland, with an option to expand to additional European markets in the future. PolyMedics Innovations operates a distribution network of over 40 global markets.
November 09, 2023 | 2:21 pm
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AVITA Medical's partnership with PolyMedics Innovations for the distribution of RECELL in Europe could potentially increase the company's market reach and revenue.
The partnership with PolyMedics Innovations allows AVITA Medical to leverage PolyMedics' robust distribution network and expertise in the global distribution of innovative wound treatments. This could potentially increase AVITA's market reach and revenue, especially if the partnership expands to additional European markets in the future.
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