Orthocell Limited (ASX:OCC) Accelerates US Remplir™ Sales Rollout with 12 Distributors
Distributor Appointments
Orthocell Limited has appointed 12 US distributors for its Remplir™ nerve repair product, exceeding its target of 10 distributors by June 2025. These distributors operate across 21 US states, leveraging their relationships with surgeons and hospitals to efficiently market Remplir™.
Sales Strategy and Market Expansion
The company’s distributor network will be managed by an in-house team led by the US Vice President of Sales, supported by four territory managers. Orthocell’s internal resources focus on rolling out Remplir™ in the US, training sales reps, and preparing for first sales in the US$1.6 billion nerve repair market.
Financial Position
Orthocell holds cash reserves of $31.7 million as of March 31, 2025, ensuring full funding for the US rollout with no debt.
Executive Comments
CEO and MD Paul Anderson stated, “It’s very pleasing to see such rapid progress on the expansion of our US distributor network so soon after receiving US FDA clearance in April. We’re well ahead of the targets we had set ourselves and expect that to translate to first US Remplir sales this quarter. Our US team has been working tirelessly leading up to the product launch and we’re confident we have the right strategy to drive market penetration of the US. For us, that means a combination of experienced internal employees complemented by a portfolio of distributors who have active sales channels to reach and engage our customers. We expect to grow our portfolio of distributors too.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Orthocell. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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