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Orthocell (ASX:OCC) secures Chinese and NZ patents

Health Care
ASX:OCC      MCAP $318.8M
16 June 2021 12:00 (AEDT)
Orthocell (ASX:OCC) - Managing Director, Paul Anderson (left)

Source: Orthocell

Regenerative medicine company Orthocell (OCC) has secured Chinese and New Zealand patents for its novel CelGro collagen medical device for soft tissue regeneration.

The patents, titled “Sutureless repair of soft tissue,” are now approved in Australia, New Zealand, China and Japan, with further applications progressing in US and Europe.

Sutureless repair of soft tissue means repairing damaged soft tissue without the use of damaging stitches.

Orthocell said sutureless repair had the potential to greatly improve the efficiency of surgical procedures by simplifying techniques, reducing surgery time and reducing the risk of additional trauma to soft tissue caused by the use of stitches.

Orthocell’s patented method of sutureless repair involves the use of CelGro, the company’s resorbable collagen medical device. CelGro acts as a cell scaffold when implanted at the site of tissue injury, encouraging new cell growth. Cells from the regenerating tissue integrate with the collagen fibres to guide tissue regeneration.

“These patents are an important addition to our global intellectual property portfolio, further strengthening our position in regenerative medicine product development and novel surgical techniques for soft tissue repair,” Orthocell Managing Director Paul Anderson said.

“This comes at a perfect time for the company as we move our exciting pipeline products in nerve, tendon and ligament repair through the registration process in the US, European Union and Australia.”

The patents are set to expire on 12 October 2035.

Orthocell was up 1.77 per cent, trading at 57.5 cents per share at 11:45 am AEST.


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