PolyNovo Completes Patient Recruitment for NovoSorb BTM Clinical Trial; Shares Down 4%

MT Newswires Live09-04

PolyNovo (ASX:PNV) completed the recruitment for its pivotal clinical trial assessing the effectiveness of its treatment for traumatic wounds, with 120 patients enrolled, according to a Wednesday filing with the Australian bourse.

The randomized controlled trial aims to compare PolyNovo's NovoSorb BTM to the standard of care for third-degree, full-thickness burns.

The Australian medical technology company is now in talks with the US Food and Drug Administration on the timing of the premarket approval filing for an on-label indication supporting the use of NovoSorb BTM in full-thickness burns, the filing stated.

PolyNovo's shares were down over 4% in recent Wednesday trade.

Price (AUD): $2.31, Change: $-0.11, Percent Change: -4.36%

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