5 December 2023
Around 26 million sheep graze the hilly landscapes of New Zealand, with our geographic remoteness naturally limiting agricultural disease. Their wool becomes clothes, their meat fills bellies, and their milk is curdled into cheese. It’s little wonder then that this versatility has made sheep the country’s second-largest goods exporter, alongside beef.
With such colossal consumption, byproducts are a given. An Auckland-based biotech company is capitalising on this, turning the forestomach of sheep into an advanced material that helps heal complex wounds and soft tissue reconstruction in humans.
The core technology, AROA ECM™, is a proprietary extracellular matrix biomaterial which is the building block for AROA’s range of products. The sheep tissue is minimally processed, resulting in a bioscaffold technology that has the structure, composition and function of the extracellular matrix that is found in human soft tissue. Containing over 150 proteins known to be important in the healing process, the’ biologic scaffold’, as it’s called, is applied to wounds, and can accelerate healing.
In 2013, the company received FDA clearance for its first product, Endoform™ and launched in the United States market. AROA’s products are now used in a range of wound care and surgical procedures, including for trauma, limb, hernia, and breast reconstruction surgery.
Patients’ individual needs are front of mind at AROA. AROA ECM technology offers leading regenerative performance at a disruptive cost, compared to other biologic solutions. This enables more patients to access the benefits of regenerative healing.
The company’s focus on improving the rate and quality of healing also offers health systems potential savings in recovery times and complication rates. Aftercare is generally a hugely expensive overhead, particularly in the American market, where an overnight hospital stay can cost as much as USD 14,000.
While private investors, including technology investor MOVAC and investment firm Sparkbox, funded the original launch of AROA, the company listed on the Australian Stock Exchange in 2020. AROA has experienced rapid growth, and now has a team of over 270 staff based both in the company’s Auckland head office, as well as a sales team in North America.
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