Orthocell Ltd Secures $17 Million for US Expansion

Orthocell Ltd (AU:OCC) has released an update.

Orthocell Ltd has successfully raised $17 million through a well-supported placement to fund the launch of its Remplir™ nerve repair product in the US and expand its global market presence. This capital injection boosts Orthocell’s financial position, allowing it to enhance manufacturing and sales capabilities while maintaining a debt-free status with $35 million in cash. The company’s strategic focus on major markets, including the US, positions it strongly for future growth.

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