Business
The RECELL® System Receives PMDA Approval in Japan and AVITA Medical will Commercialize in Partnership with COSMOTEC, an M3 Group Company
VALENCIA, Calif. and MELBOURNE, Australia, Feb. 23, 2022 (GLOBE NEWSWIRE) -- AVITA Medical, Inc. (NASDAQ: RCEL, ASX: AVH), a regenerative medicine company
About this update from Avita Medical, Inc.
[{"type":"text","content":"VALENCIA, Calif. and MELBOURNE, Australia, Feb. 23, 2022 (GLOBE NEWSWIRE) -- AVITA Medical, Inc. (NASDAQ: RCEL, ASX: AVH), a regenerative medicine company that is developing and commercializing a technology platform that enables point-of-care autologous skin restoration for multiple unmet needs, announced today that it has received approval from Japan’s Pharmaceuticals and Medical Devices Agency (PMDA) to market the RECELL® System in Japan. COSMOTEC, an M3 Group Company, championed the approval and is AVITA Medical’s distribution partner. “We are excited about the opportunity this approval provides in enabling the RECELL® System to be made available to Japanese medical institutions to treat patients with burns requiring skin grafting,” said Dr. Mike Perry, Chief Executive Officer of AVITA Medical. “Japan is the second largest healthcare market in the world and represents a valuable opportunity for our Company with more than 6,000 patients treated for severe burns annually who will now have access to this innovative treatment option.” The RECELL System is used to prepare Spray-On Skin™ Cells using a small amount of a patient’s own skin, to treat severe burns, while significantly reducing the amount of donor skin required. The RECELL System is designed to be used at the point of care alone or in combination with autografts depending on the depth of the burn injury. “We are very pleased to bring this landmark treatment to patients in Japan and believe we are in an excellent position to ensure the RECELL System is available to physicians through our established distribution network and salesforce,” said Mr. Tatsuro Tsutsumi, President of COSMOTEC. “We’re looking forward to working with AVITA Medical to swiftly bring this treatment to patients in need.” For more information about the RECELL System, please visit www.RECELLSystem.com. About M3 M3 Inc. is a publicly traded company on the Tokyo Stock Exchange (TYO:2413) with subsidiaries and affiliates in major markets including USA, UK, Japan, South Korea, and China. M3 Inc. provides services to healthcare and the life science industry. In addition to market research, these services include medical education, ethical drug promotion, clinical development, job recruitment, and clinic appointment services. M3 Inc. operates in the US, Asia, and Europe with approximately 6 million physician ...