Osteopore (ASX:OSX) secures Singaporean-Vietnamese approvals

Osteopore (ASX:OSX) secures Singaporean-Vietnamese approvals

March 27, 2024 Off By Tom Duggan

Osteopore’s share price more than septupled in early trading after the Australian-Singaporean regenerative medicine company announced it had secured market approval for orthopaedic products in both Singapore and Vietnam.

The clearance covers and validates a collection of off-the-shelf treatments for conditions including high tibial osteotomy, bone grafting, and customisable implants required for complicated bone loss.

Procedures for high tibial osteotomy, a surgery realigning the knee joint, more than doubled in Singapore over a scant year in 2021 to 2022, and the global market is expected to continue to grow at a high pace.

Osteopore believes that between bone grafting and other procedures, it presents it a projected opportunity of roughly 400,000 annual procedures using its technology by next year if it can get the required volume to market.

Osteopore CEO Dr Lim Yujing said the company was delighted to share another positive step in its ongoing transformation.

“The orthopaedic market is a high-value and high-volume segment with the HTO market expected to grow at a CAGR of 9.2 per cent,” Dr Lim said.

“These approvals enable Osteopore to supply off-the-shelf and customisable implants, positioning us to capture the potential of these high growth market segments.”

The technology is based around harnessing the human body’s existing capacity to rebuild tissue, using tissue engineering, regenerative medicine and 3D printing to create an implant which naturally breaks down as it is replaced by a patient’s own tissue.

Osteopore’s bioresorbable implant was the first of its kind to be developed and commercialised for surgical use, and its products are already used by surgeons across the world.

But the focus for now is on one of Osteopore’s home bases in Singapore and nearby Vietnam, which are consistently strong performers for the company and a move it believes will leverage existing sales and distribution network to accelerate access to market with more easily managed costs.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MO and CI logo redraw Socials Profile reversed

MarketOpen is an online media business connecting companies and investors. Through its flagship MarketOpen.com.au media channel the Australian publisher’s experienced journalists cover breaking news and analysis on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange and other markets. MarketOpen’s video and podcasting channels feature original interviews with Australia’s small-cap corporate leaders, while its Stock Soirée networking events, Watchlist webinars, and online events connect investors and brokers with CEOs and board members. The publisher also offers a suite of agency services to its corporate members, including media, video, podcasting and social media services, along with writing, editing, reviewing and content creation services.

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005

Stewart Walters
Managing Director
+61 414 644 166

Amanda Ellis
+61 438 003 868

Important links

Follow us