Why the Orthocell share price is on the rise in afternoon trade today

Orthocell Ltd (ASX: OCC) shares are edging higher in mid-afternoon trade after the company announced it has been recommended for inclusion on the Australian Prosthesis List. At the time of writing, the Orthocell share price has risen 3.85% to 54 cents.

What’s driving the Orthocell share price?

Investors appear to be pleased with the latest news from the company, pushing the Orthocell share price higher on Friday.

According to its release, Orthocell advised it has received word from the Australian Government Department of Health, that its CelGro Dental product has been recommended for inclusion on the Australian Prosthesis List.

Once on the list, this allows the company to be reimbursed for its products by private health…