ARX aroa biosurgery limited

Soft tissue is a huge market. The directors own a considerable...

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    Soft tissue is a huge market. The directors own a considerable amount of shares. Thats great

    Auckland-based Aroa said its A$45 million IPO received solid support from institutional investors and a "strong vote of confidence" from existing shareholders who subscribed for approximately half of the funds raised.

    In the year ended March, the company received $22 million of revenue and $18 million in gross profit from its wound healing products.The company sees that as just the start and is eyeing a total addressable market of US$2.5 billion in the United States.Skin regenerationFounded in 2008, the company's soft tissue regeneration technology, derived from sheep forestomach, was developed to improve the rate and quality of healing in complex wounds and soft tissue reconstruction.Its range of five products has been used in more than four million procedures to date in a market worth US$1.5 billion. A pipeline of new products, including breast implants and reconstructive devices, will add an estimated US$1 billion to that potential market once commercialised."We have a proprietary technology that is scalable and efficient, targeting significant addressable markets," said founder and chief executive Brian Ward, who retains an 11 per cent stake in the company after the IPO.

 
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Last
62.5¢
Change
0.015(2.46%)
Mkt cap ! $215.6M
Open High Low Value Volume
61.0¢ 63.0¢ 61.0¢ $314.7K 504.9K

Buyers (Bids)

No. Vol. Price($)
1 10700 60.5¢
 

Sellers (Offers)

Price($) Vol. No.
63.0¢ 191221 5
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Last trade - 16.10pm 12/08/2025 (20 minute delay) ?
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