Hardman & Co Research: Tissue Regenix (TRX): Credit facilities expand cash runway to 2021

Hardman & Co Research: Tissue Regenix (TRX): Credit facilities expand cash runway to 2021

WKN: A1C0FE ISIN: GB00B5SGVL29 Tissue Regenix Group PLC

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26.06.2019 - 17:20
20.06.2019 15:22:02

Hardman & Co Research
Hardman & Co Research: Tissue Regenix (TRX): Credit facilities expand cash runway to 2021

20-Jun-2019 / 14:22 GMT/BST

Hardman & Co Research: Credit facilities expand cash runway to 2021

Tissue Regenix (TRX) has a broad portfolio of regenerative medicine products for the biosurgery, orthopaedics, dental and cardiac markets. It has two proprietary decellularisation technology platforms for repair of soft tissue (dCELL) and bone (BioRinse). Following the acquisition of CellRight in the US in 2017, TRX embarked on a revised commercialisation strategy, which is clearly gaining traction. Sales grew 47% in 2018, reflecting strong demand, particularly for DermaPure in the US. To support further business expansion, including investment in facilities and working capital, credit facilities of up to $20m/£16m have been secured. Please click here for the full report:


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