- CEO
- Cary G. Vance
- Full Time Employees
- 260
- Sector
- Healthcare
- Industry
- Medical - Devices
- Address
- 28159 Avenue Stanford Valencia CA United States of America 91355
- IPO Date
- Sep 4, 2003
- Business
- AVITA Medical, Inc. (Ticker: AVHHL) develops and commercializes regenerative medicine technologies focused on therapeutic acute wound care, optimizing wound healing and accelerating patient recovery for burns, chronic wounds, trauma, surgical defects, and skin restoration applications. The company offers the RECELL System, an FDA-approved point-of-care platform that processes a patient's own skin to produce Spray-On Skin Cells for treating thermal burn wounds and full-thickness skin defects; RECELL GO System and RECELL GO mini, next-generation devices approved by the FDA in June and December 2024, respectively, for enhanced treatment efficiency including smaller wounds; PermeaDerm, a biosynthetic transparent wound matrix to which AVITA holds exclusive U.S. marketing, sales, and distribution rights; and Cohealyx, a collagen-based dermal matrix cleared by the FDA in December 2024 and co-developed with Regenity Biosciences for full-thickness wound management. AVITA Medical serves hospitals, treatment centers, and distributors primarily in the United States, Europe, and Asia-Pacific.
Founded in 1993 and headquartered in Valencia, California, the company, formerly known as AVITA Therapeutics, Inc., rebranded to AVITA Medical, Inc. to reflect its commercial-stage focus on wound care solutions.
In the last two years, AVITA Medical achieved approximately 29% revenue growth in 2024 over the prior year, driven by expanded adoption of its product portfolio; launched the RECELL GO System and RECELL GO mini following FDA approvals to broaden applications in new and existing accounts; introduced Cohealyx to strengthen its dermal matrix offerings; completed an Australian equity raise of about US$15 million in August 2025 to fund growth initiatives and operations into 2026; and revised its full-year 2025 revenue guidance to $70-74 million amid claims processing challenges while reaffirming its long-term trajectory targeting a $3.5 billion total addressable market.