PolyNovo

PolyNovo

PNV.AXPre-clinical

PolyNovo is a publicly traded medical technology company focused on addressing unmet needs in surgical reconstruction and wound care. Its core innovation is the NovoSorb platform, a family of bioresorbable polyurethane polymers designed to integrate with tissue and degrade safely. The company has achieved significant commercial success with its first product, NovoSorb BTM, and is actively expanding its product portfolio and geographic reach.

Market Cap
$439.9M
Employees
100-250
Focus
Biotech

PNV.AX · Stock Price

USD 0.910.21 (-19.11%)

Historical price data

AI Company Overview

PolyNovo is a publicly traded medical technology company focused on addressing unmet needs in surgical reconstruction and wound care. Its core innovation is the NovoSorb platform, a family of bioresorbable polyurethane polymers designed to integrate with tissue and degrade safely. The company has achieved significant commercial success with its first product, NovoSorb BTM, and is actively expanding its product portfolio and geographic reach.

Technology Platform

NovoSorb, a proprietary family of synthetic, biodegradable polyurethane polymers that can be formulated into bioresorbable scaffolds for tissue integration and regeneration.

Funding History

2

Total raised: $36M

Placement$30.8MBell Potter SecuritiesJun 15, 2020
IPO$5.2MUndisclosedJul 6, 2018

Opportunities

Significant growth opportunities exist in deeper penetration of the large U.S.
hernia repair and breast reconstruction markets with NovoSorb MTX.
Geographic expansion into Europe and Asia, as well as the development of new products based on the versatile NovoSorb polymer platform (e.g., cardiovascular patches), provide long-term growth levers.

Risk Factors

Key risks include intense competition from large, established medical device companies, execution challenges in scaling the U.S.
sales force, potential changes in healthcare reimbursement policies, and the operational risks associated with scaling up manufacturing to meet growing demand.

Competitive Landscape

PolyNovo competes against biologic grafts (e.g., AlloDerm) and other synthetic meshes in hernia/breast surgery, and against other dermal substitutes (e.g., Integra) in wound care. Its primary differentiation is its proprietary, fully synthetic, and resorbable NovoSorb polymer technology, which offers consistent performance, reduced infection risk, and cost advantages over biologic competitors.

Publications
10

Company Info

TypeTherapeutics
Founded2002
Employees100-250
LocationPort Melbourne, Victoria, Australia
StagePre-clinical
RevenueRevenue Generating

Trading

TickerPNV.AX
ExchangeASX

Therapeutic Areas

Wound CareGeneral SurgeryPlastic & Reconstructive Surgery
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