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Why The AVITA (ASX:AVH) Share Price Is Going Bananas

The AVITA Medical (ASX:AVH) share price is up more than 7.5% this morning after making an announcement. 

The AVITA Medical (ASX: AVH) share price is up more than 7.5% this morning after making an announcement.

AVITA Medical is a regenerative medicine company with a technology platform to address unmet medical needs in burns, chronic wounds and aesthetics indications. Treatment solutions are derived from the regenerative properties of a patient’s own skin.

AVITA Medical’s Index News

The healthcare company announced that it will be added to the S&P / ASX 200 Index effective on market open on 14 November 2019 two months after being added to the S&P / ASX 300 index.

The S&P / ASX 200 is recognised as the institutional investable benchmark in Australia according to AVITA and the benchmark measures the performance of the largest 200 companies based on float-adjusted market capitalisation on the Australian Stock Exchange.

AVITA Medical CEO Dr Mike Perry said: “AVITA Medica’s inclusion in the S&P / ASX 200 index is a testament to the company’s solid growth trajectory following our US commercialisation of the RECELL System combined with the strength of our de-risked pipeline of future indications beyond burns.”

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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