Soft tissue repair company Aroa could unlock $1.6b market with outpatient ulcer wound care product: Bell Potter

Shares in Auckland-based wound-care company Aroa have risen from about 53c in May to about 66c. (Image: Aroa Biosurgery)

Rebecca Stevenson

Thu, 04 Jul 2024

An analyst says soft tissue repair company Aroa Biosurgery will likely book its maiden profit and positive free cashflows in what could be a transformational year. The possibility of a first profit and positive free cashflow had likely spurred a resurgence in Aroa’s share price, analysts from Bell Potter said. Aroa’s shares have risen from A49c (NZ$0.53) in late May to A61c on Tuesday morning. A note from analyst Bell Potter said the Australian Securities Exchange (ASX) listed firm’s stock remained relatively ch...

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