Avita Medical Ltd (RCEL)

[MONYMAN3]

https://us02web.zoom.us/rec/play/8LuDNA4gvw9rySzh-Jq5hf2dN49r88m2nCZKTtexSjouqZawLCRgGbt1nh2P-tNaDJ8j8tVxOnNrHuwr.3HIH8zEi2s3oRXPY?hasValidToken=false&canPlayFromShare=true&from=share_recording_detail&continueMode=true&componentName=rec-play&originRequestUrl=https%3A%2F%2Fus02web.zoom.us%2Frec%2Fshare%2FgCZkGrUNe9KDQBYnXVInZRNMQ_onwfkLvCsWsFWLIoqOGkGOd6_pmcEGuJ6Lm-t4.fzvS7nm7wh5uvXdd They seem on track with the new sales personnel. I'm looking for a pretty good bump in revenues this next quarter as the new sales team pick the low hanging fruit from the hospitals that we are already in for burns. Soft tissue wounds should be a no brainer for them.

[Fmello]

Here are some screenshots of the slides from today's webinar:

[Fmello]

Avita donated Recell kits to Hawaiian burn centers to treat victims of that big wildfire.

[Fmello]

The webinar just started.

[Fmello]

AVITA Medical - Investor Webinar Briefing
Date & Time: Aug 15, 2023 06:00 PM central time

https://us02web.zoom.us/webinar/register/WN_QYXQA5P-TsGjPVD01tULxw#/registration

[Noseyrosey]

I agree

[MONYMAN3]

I don't mind the higher expense since I view it as an investment in the future. Sales people can reach the 20+ kit sales in as little as 3-4 months. This ramp should really ramp once we get the automated system out in the field. That RCEL GO system greatly expands the target customers from mainly hospitals down to the clinic level.

[Fmello]

I wonder if BARDA's Recell stockpile will be used to treat burn victims from the Hawaiian wildfires?

[Spetch]

Pos could have better loss per share though

[Cake10]

Beautiful quarter.

And looking like a beautiful year.

https://ir.avitamedical.com/news-releases/news-release-details/avita-medical-reports-second-quarter-financial-results

[Windbag1014]

price target raised to 27 at Bank of America

[Fmello]

US heatwave leads to rising number of burns, medics say.

https://www.bbc.com/news/world-us-canada-66275785

[Fmello]

I just read this great post on the Hot Copper forums about the Recell Go kit:

https://hotcopper.com.au/threads/ann-avita-medical-to-announce-second-quarter-2023-results.7487698/page-14?get_post=true&direction=previous

[Think1st]

Messed up didn't buy... ...got another idea

[melody432]

Thanks for the update.
I had sold 40% at 11 before RS. Gave me a nice profit and a lot of free shares. The other 60% was in a cash account and would have had to drop 40% to make it work tax wise. Covid took care of that. Bought back the 20k shares I sold near last years bottom so I'm pretty happy. Think a trading op is coming up with Q2 report. Going to look a lot like last Q. New CEO needs to do a better job with market guidance. But still see even better days ahead.

[pete807]

Tdeck asked me a while after he first alerted me in 2019 at $1.25 to get Jugs on board. (today's Nasdaq RS price = $8.19.) I think we got him on board in early 2020 just before the first pop with the burn conference sponsorship.

I talked Len into moderating this stock so we could post more sticky information. We all did well and bought and sold several times. I took profits and am currently lurking for another entry. It has been a long haul but it still is clearly the new paradigm in serious skin repair. Dr. Wood is and her colleague will be known in history as miracle invention scientists.

This is the stock that started it all with my successful market strategy. (take profits)

Tdeck lost his mother recently and has been cleaning up her hoard of stuff. He forgot his password on our discord site so he is currently out of touch. I expect him to give in and create a new one one of these days,
Good luck to all you faithful RCEL followers!
-pete

[melody432]

Wonder where tdeck wandered off to.

[melody432]

Wonder where tdeck wandered off to.

[melody432]

Yep he likely was. Was planning on driving down and having a beer with him. Sorry it never happened. Seemed like a very decent human being.

[artfulife]

♥️

[pick]

He'd probably be talking about that celebratory barbecue!

[artfulife]

What a day! I’ve been in and out but started accumulating again below $7. Len (jugs) would be proud. Congratulations to all longs.

[pick]

I'm still shaking my head....... Obviously I want to see this to be the beginning of the share price recovery. I started investing in RCEL in 2019.... averaged down.... but I would love to see all lots in the green.

But, it's far better than it was, and, hopefully, not nearly as good as it will be in the next couple of years.

[Windbag1014]

Well that was fun.

[Windbag1014]

No rumors that I am aware of. Just a company with a game changing product that hits milestones without all the bull.

Avita Medical price target raised to $40 from $30 at Lake Street
AVITA Medical Files Premarket Approval Supplement With US FDA for Recell Go
Cantor Fitzgerald has initiated coverage on Avita Medical Inc (NASDAQ:RCEL) at an Overweight rating and a price target of $23.
AVITA Medical Rejoins the Russell 3000 Index
The US FDA approved AVITA Medical's (ASX:AVH) application for premarket approval of its RECELL system for the treatment of vitiligo, a skin pigmentation disorder, the regenerative medicine company said Monday.
Avita Medical Surges as FDA Approves Recell System
pursuing site of service reimbursement for the use of RECELL in the physician office setting, which is expected by 2025
https://www.google.com/search?rlz=1C1GCEB_enUS926US926&q=avita+medical&tbm=nws&sa=X&ved=2ahUKEwjwurvx84uAAxUvJ0QIHWZeAbwQ0pQJegQIDRAB&biw=1920&bih=969&dpr=1

[pick]

I love seeing the stock rise.... I've been a long time holder.... Seen plenty of ups and downs but, like many here, believe the products are truly beneficial.

That said, was there some very recentrumors/new s sparking the share price increase?

[MONYMAN3]

Wasn't this a know submission? I believe RCEL gave a timeline of approval of the new automated device in January 2024.

[Cake10]

Massive catalyst potential.

Forward!

https://ir.avitamedical.com/news-releases/news-release-details/avita-medical-submits-fda-pma-supplement-recell-go

[Fmello]

https://www.sec.gov/Archives/edgar/data/1762303/000119312523174497/d521007dex991.htm



Avita had written in their PDF presentation that the soft tissue market was approx 110,000 and about 5 times the size of the burns market. Reading that the market is actually 391,000 is fantastic news considering that the same Avita PDF stated that the vitiligo market is 500k.

[melody432]

Fund buying. Avita was added back to the Russell 3000 Index.

[Cake10]

$38 MILLION dollar purchase right at the close!

https://imgur.io/a/mg5QPG3

[Fmello]

Are there any before/after pics online of vitiligo patients that were part of Recell's trial?

[Cake10]

We should learn more about their overall international rollout strategy by Q4 ‘23, potentially including any timing or plans by Japan to take these latest indications through their PMDA process. Until then, Q3 and Q4 ‘23 should be exciting as sales and revenue ramp to new heights.

The real catalyst starts with their next potential approval: the automated device being submitted for FDA review in a couple weeks and its expected approval by Q1 ‘24.

Victory, healing and growth ahead.

[Fmello]

Now that they have three indications approved, how fast will Avita be able to get Recell approved elsewhere like Europe, Australia, etc? Also, when will these new indications be available to the Japanese market?

[Cake10]

HALLELUJAH!!

APPROVED AGAIN! And AGAIN, this is JUST the start.

Wow. WOW. WOOOOOW!

https://ir.avitamedical.com/news-releases/news-release-details/avita-medical-announces-fda-approval-recell-skin-repigmentation

[artfulife]

Amen

[Windbag1014]

Thank you Jugs.

[Fmello]

Great news! I was trying to find Avita's PDF presentation showing the addressable market of Full-Thickness Skin Defects compared to Burns. Does anyone know where I can find that?

Never mind. Found them here from an earlier post of mine.

[Cake10]

HALLELUJAH!

APPROVED! And this is JUST the start.

Wow. WOW. WOOOOOW!

https://ir.avitamedical.com/news-releases/news-release-details/avita-medical-announces-fda-approval-recell-treatment-full

[pick]

Isn't today the day that soft tissue approval from the FDA is expected?

If so, is there a particular time of day that such announcements are made?

[dndodd]

Thanks for a well thought out and intelligent response.

[Fmello]

The Aussie stock closed up 8.16% tonight.

[melody432]

It's a new shelf offering to replace the identical shelf offering put in place in 2nd Q 2020 which expires shortly. Shelf offerings have to be replaced every 3 years by SEC rule. They are there to provide shares in the event they do decide to do an equity offering which requires a proxy filing at that time. They can also be used to issue shares for employee and officer share based compensation plans. Virtually every public company has shelf shares. They don't add any capital to company coffers in and of themselves. Once again, the last equity raise was in early 2020, none since. Shelf shares merely give them the ability to do an equity raise when and if they choose.
Not sure why people find this to be such a difficult concept but many do, it's not just you.
Suggest googling " shelf offering ".

[dndodd]

I know you have been here a long time.

So what you are saying makes sense if they need the funds to build the company but regardless if they use this shelf it will create dilution. Could be or good or bad time will tell.

[Cake10]

One of the prettier cups I’ve even seen.

[dndodd]

Just so you don’t get to confused here is the link to the S-3.

https://ir.avitamedical.com/node/11396/html

[dndodd]

Pretty simple I just follow the stock made money in it 3-4 years ago.
So you have said a lot but really nothing.

Have you checked the SEC filings that news didn’t come out of thin air.

[dndodd]

Believe what you want that was straight off the news feed on TD Aneritrade.

[dndodd]

On 4/1 they Filed a $200 Million mixed Securities Shelf

[melody432]

Last equity raise was in early 2021 of which they still had $77M as of end Q1 2023. No equity raise needed again unless they decide to raise H2 2024 for vitiligo and global effort. They're in good shape financially.