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Avita Medical Ltd (ASX: AVH) Share Price and News

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AVITA Medical Ltd (AVH) is a medical technology company that specialises in regenerative medicine. AVITA’s leading product, the RECELL System, was developed to address unmet medical needs in burns. The RECELL System is used to prepare ‘spray-on skin cells’ by using a small amount of the patient’s own skin. This is a revolutionary way to treat severe burns and significantly reduces the amount of donor skin required.

RECELL was granted US Food and Drug Administration (FDA) approval in September 2018 for the treatment of acute thermal burns in patients 18 years and older. Since then, AVITA has been undertaking studies to assess the use of the RECELL System in other applications. This includes the treatment of pediatric scald injuries, soft tissue reconstruction and vitiligo.

The AVITA share price exploded in 2019, going from $0.081 to finish the year a phenomenal 696% higher at $0.645. With this, AVITA earned itself a spot in the S&P/ASX 200 Index (ASX: XJO), as well as a place on many investors’ ASX watchlists.

Avita Medical Ltd (ASX: AVH) Latest News

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Will Avita Medical pay a dividend in 2020?

Avita Medical shares do not currently include a dividend payment. The company has made no announcements regarding paying a dividend in 2020.

Does Avita Medical offer a DRP?

No, Avita Medical does not currently offer a dividend reinvestment plan (DRP).