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PolyNovo sales surge despite coronavirus curbs

Yolanda Redrup
Yolanda RedrupRich List Editor

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Emerging biotech success story PolyNovo assuaged any market fears that its sales would take a hit from the COVID-19 outbreak, reporting 166 per cent growth in sales for the March quarter.

Sales of its burns and wounds dermal scaffold, known as a biodegradable temporising matrix (BTM), were stronger in the second half of March than the first, despite the company having to use video conferencing tools to reach customers.

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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/polynovo-sales-surge-despite-remote-selling-20200407-p54hty