Orthocell’s main therapeutics are based on the CelGro platform, which is a collagen medical scaffolding device that can be used for various applications, such as nerve, ligament, and cartilage repair. Orthocell also manufactures cell therapies, such as OrthoACI and Tendon Cell Therapy, which use the patient’s own cells to regenerate damaged tissue.
The company has several commercialized therapeutics, Striate+ (a dental collagen membrane used for guided bone and tissue regeneration), Remplir (a collagen scaffold used for nerve repair), and OrthoACI (an implant that is used to treat cartilage defects in the knee and ankle).
The company is publicly listed and trades on the Australian Stock Exchange under the ticker symbol OCC.
As of May 2024, the company had two collagen medical devices, under the brand name CelGro, being developed for nerve indications and ligament indications, in clinical and preclinical stages, respectively. Orthocell also has two cell therapies under development for the treatment of rotator cuff and lateral epicondyle indications, which are in Phase II and Phase III stages of clinical study.
Funding and financials
Orthocell last raised funding in May 2019, when it raised AUD 10.6 million (USD 6.8 million) in commitments from undisclosed investors, including existing shareholders providing AUD 10 million (USD 6.4 million) net of expenses. The raised funds were to be used for the development of CelGro for dental bone, tendon, and nerve repair applications. Additionally, the funds were to be used to secure regulatory approvals (in the US as well as other locations) and support business operations and marketing initiatives.
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