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Aroa Biosurgery (ARX) investor relations material
Aroa Biosurgery Study result summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Product and study design
Symphony (OFM-HA) combines layered ovine forestomach matrix/AROA ECM with high-molecular-weight hyaluronic acid; preclinical work showed increased keratinocyte proliferation and migration.
Prospective, multicenter RCT enrolled adults with chronic Wagner Grade 1–2 diabetic foot ulcers, comparing Symphony plus standard care (SOC) with SOC alone; control care included collagen and calcium alginate dressing, debridement and off-loading.
Of 197 screened, 143 were randomized; mITT populations were 68 with Symphony plus SOC and 72 with SOC alone, while per-protocol populations were 57 and 52. Groups were broadly comparable, though Symphony patients had longer diabetes duration and higher A1C.
Protocol included a two-week SOC run-in, weekly treatment visits, debridement and off-loading; primary endpoint was wound closure at 12 weeks, with time to heal and adverse events as secondary endpoints and a two-week healing confirmation period.
Clinical findings
At 12 weeks, mITT closure was 46% (31/68) with Symphony plus SOC vs 24% (17/72) with SOC alone (p=.008); per-protocol rates were 54% vs 33% (p=.033).
Time to closure favored Symphony: 67.4 vs 75.2 days in mITT (p=.023) and 65.4 vs 73.2 days per protocol (p=.041).
Results support efficacy across Wagner Grades 1 and 2; no prespecified grade-specific subgroup analysis was reported.
Safety and interpretation
Overall adverse-event rates were 50% with Symphony plus SOC vs 51% with SOC alone; index-ulcer infections were 13% vs 17%, osteomyelitis/gangrene cases 1 vs 7, and minor amputations 1 vs 3.
No unexpected device-related adverse events or major amputations occurred; interpretation was limited by post-randomization exclusions, differential withdrawal and an adjusted comparison near the significance threshold (p=.045).
- MASTRR reported a 0.7% deep infection rate across 474 defects.ARX
Status update - FY26 revenue up 23% to NZD 104m; FY27 targets NZD 115–125m with strategic investments.ARX
AGM 2026 - Record revenue and profit growth driven by Myriad, with strong outlook and major investments ahead.ARX
H2 2026 - Sales up 25% YoY, gross margin at 87%, and positive EBITDA expected in H2 FY25.ARX
H1 2025 - Revenue up 13–15% YoY, positive EBITDA, strong Myriad growth, and FY26 guidance reaffirmed.ARX
H1 2026 - Strong sales growth, clinical progress, and robust FY25 outlook drive strategic expansion.ARX
AGM 2024 - Strong sales, cash reserves, and clinical progress support a positive FY25 outlook.ARX
Q1 2025 - Record Myriad sales and positive cash flow highlight strong growth and outlook.ARX
Q4 2025 - 23% revenue growth, first EBITDA profit, and double-digit FY26 guidance led by Myriad.ARX
H2 2025
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