BUZZ-Australia's Orthocell rises as co secures US distributors for flagship product

Reuters
23 Apr
BUZZ-Australia's Orthocell rises as co secures US distributors for flagship product

** Shares of Orthocell OCC.AX rise 8.1% to A$1.27, snap a four-day losing streak

** Stock set for its strongest session since April 10, if gains hold

** The biotech firm announces appointment of its first four U.S. distributors of its flagship nerve repair product Remplir

** Co says it is targeting to appoint about 10 U.S. distributors by June-end which would account for representation in around 25 states in the U.S.

** Stock down 7% YTD, including moves in current session

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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