Tissue Regenix (TRX): CellRight: Transforming US growth prospects
TRX has a broad portfolio of regenerative medicine products developed from decellularised human and porcine soft tissues for the wound care, orthopaedics, and cardiac markets. Since launch of DermaPure, the focus has been on increasing penetration of the US woundcare market to access both in- and out-patient populations, via GPOs and Medicare, respectively. To accelerate growth in the US, TRX has announced the acquisition of CellRight Technologies, which has a synergistic regenerative technology based on bone. To fund the acquisition and provide more working capital, the company has raised £40m (gross) of new capital.Tissue Regenix Group is a medical technology company. Co. is engaged in the development of regenerative products to create replacement native tissue using biological (human and animal) materials. With its platform technology dCELL®, Co. is focusing on the treatment of patients with wound care, orthopaedic and cardiac applications. The dCELL® technology allows Co. to process both human and animal tissues, removing DNA and cellular material but leaving intact an acellular matrix within which the patient's own cells can repopulate and regenerate, creating like for like tissue.
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