Business
Why the Polynovo share price is surging today // Motley Fool Australia
The Polynovo Ltd (ASX: PNV) share price has lifted higher today on news of an international expansion. Polynovo advised the ASX it was expanding operations into multiple new countries with its ongoing partner, PolyMedics Innovations (PMI). The Polynovo share price surged up more than 4% in earlier trading before retreating to $3.02, up 2.7%, at the time of writing.
The company develops medical devices internationally, mainly to countries including Australia, New Zealand, the United States and Europe. Polynovo’s primary product is the NovoSorb biodegradable temporising matrix (BTM) used to close surgical wounds. The company also has a number of other products under development and in use.
About the expansion
Through partnership…
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