PolyNovo (ASX:PNV) share price advances 4% higher on market update

The PolyNovo Ltd (ASX: PNV) share price is climbing higher in the early afternoon trade. This comes after the company announced that it will expand its presence into new geographical markets. At the time of writing, the medical device company’s shares are up 4.1% to $2.52.

What’s driving the PolyNovo share price higher?

PolyNovo shares are running higher after investors appear upbeat about the company’s future prospects.

According to its release, PolyNovo advised it will enter the medical device market for Nordic countries, Denmark, Norway, and Iceland. This will be supported by the company’s partner, MedinaMedical, who will help distribute PolyNovo’s NovoSorb BTM.

MedinaMedical is based in Copenhagen, Denmark, and…