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

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
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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