🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Orthocell on course to penetrate US market following nerve repair treatment Remplir™ study phase

Published 25/03/2024, 11:20 am
© Reuters.  Orthocell on course to penetrate US market following nerve repair treatment Remplir™ study phase

Regenerative medicine company Orthocell Ltd (ASX:OCC, OTC:ORHHF) has wound up the first stage in its pivotal US market authorisation study for its lead asset Remplir™, paving the way to global expansion and US market clearance in the first months of 2025.

The study, a critical step towards securing US market entry, reported that all nerve repair surgeries were performed without any adverse events, setting the stage for subsequent phases of safety and effectiveness evaluation.

Sciatic nerve injury model

The study, led by Professor Bill Walsh of the Surgical and Orthopaedic Research Laboratories at the Prince of Wales Hospital and the University of New South Wales, employed a rat sciatic nerve injury model to assess Remplir’s safety and effectiveness.

With 72 rats divided across three study groups, the research aimed to measure recovery of sensory and motor function and the quality of nerve regeneration.

Completion of the surgical phase allows Orthocell to progress to the final two stages of the study, with the expectation that it will complete the process in the third quarter of this calendar year.

The company remains on track to submit its 510K market authorisation application to the US Food and Drug Administration (FDA) in the fourth quarter of 2024, eyeing first sales shortly after.

Orthocell managing director Paul Anderson said: “Remplir has been shown, in the previous pilot study, to be superior to the existing FDA-approved comparator device for nerve repair, restoring the sciatic nerve to its pre-injured state with no adverse reactions.

US market clearance

“Successful completion of stage one gives us confidence that the final two stages of the US market authorisation study will be consistent with the pilot study results, and the clinical performance of Remplir to date.

“This study is an important next step in our international market access program with the potential to provide data demonstrating the impact and advantages of using Remplir over traditional nerve repair methods.

“We are excited to be at this important stage in the development of this product and remain committed to providing patients access to this life-changing treatment.”

Non-executive director Professor Fiona Wood said: “Results from the first stage of the study are extremely exciting as it de-risks the pathway to US market clearance and is another positive step towards making this life-changing treatment accessible to patients worldwide.”

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.