The SP is like a yo-yo. However, a look at past anns give me confidence in PNV:
4th March 2024: India Update
..Indian Government has approved NovoSorb BTM to beincluded in the Government-e-Marketplace (GeM) portal.
....We expect the first order within a month.
.....our India team has been participating in several government tenders which will enable the
Company to supply public hospitals.
Sales in private hospitals in India have been growing rapidly on a month-on-month basis.
PolyNovo participated at the National Academy of Burns of India Conference (NABICON) from 15 to 17
February 2024, the flagship event for burn surgeons. This was attended by 180 burn surgeons from all over
India. In addition to a PolyNovo sponsored symposium, featuring U.K. surgeon Dr. Pratap Dutta, there were
several other presentations featuring NovoSorb BTM by Indian and U.S. surgeons.
8th May 2024: First A$9M sales month.
The U.S. business grew strongly, with monthly sales of $A6.9m (unaudited), up circa 75.0% on
STLY.
• Rest of World had monthly sales of $A2.4m (unaudited), up circa 68.2% on STLY. Strong growth
continues in the UK/I, ANZ, Hong Kong, and Germany.
Very much looking forward to the yearly results.
PNV - Banter and General Comments, page-12025
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