Trends-AU

Australia’s Orthocell jumps on Marine Biomedical stake increase deal

** Shares of Orthocell OCC rise as much as 6.5% to A$1.395

** Regenerative medicine co to boost Marine Biomedical stake to 12% from 1.7% for A$1 mln ($650,600)

** Investment contingent upon OCC securing exclusive first right of refusal in relation to distribution rights of PearlBone

** PearlBone is Marine Biomedical’s bone substitute product with potential applications in bone repair and regeneration

** YTD, OCC shares up 0.4%

($1 = 1.5370 Australian dollars)

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