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Based on the nScrypt news, it appears that the PETV biomaterial, largely comprised of collagen, elastin and heparin, can be used to broadly create regenerative and/or biologically integrative medical devices and implants. On the heels of the announced event, nScript and PETV will likely work together to potentially create on-demand medical devices in a hospital setting and to recreate biological structures to optimize the healing process. The Company’s biomaterial mimics the living body’s extracellular matrix that all cells use as support to create tissue, such as with its core offering. Kush is an injected medical device particulate used to reinforce damaged joint cartilage tissue in osteoarthritic dogs and horses by mimicking cartilage components, structure and function.
In our view, the animal health market alone is huge and veterinarians would welcome the opportunity to offer an on-site, on-demand device that could replace a broken leg, for example. By printing the PETV biomaterial in combination with other materials in a surgical setting a veterinary clinic can provide great medical benefit by helping to promote neovascularization and could enhance tissue healing cells to mend the body. We believe the first animal studies could occur sometime in 2021, with a roadmap for potential testing in humans to follow the animal studies. While it is very early, the use of 3D manufacturing with PetVivo’s biomaterials and other components in surgical settings could serve as an improved, more efficient, and cost-effective method of regenerative medicine in the human orthopedic market. This product and IP leverage could thus provide the Company with new revenue or licensing opportunities than previously ascertained. As a result, it provides investors with a glimpse of future offerings, a potentially higher valuation, and demonstrates that PetVivo is no one trick pony. (Pun intended.)
RECENT TRADING HISTORY FOR PETV
Senior Analyst: Robert Goldman
Rob Goldman founded Goldman Small Cap Research in 2009 and has over 25 years of investment and company research experience as a senior research analyst and as a portfolio and mutual fund manager. During his tenure as a sell side analyst, Rob was a senior member of Piper Jaffray's Technology and Communications teams. Prior to joining Piper, Rob led Josephthal & Co.'s Washington-based Emerging Growth Research Group. In addition to his sell-side experience Rob served as Chief Investment Officer of a boutique investment management firm and Blue and White Investment Management, where he managed Small Cap Growth portfolios and The Blue and White Fund.
I, Robert Goldman, hereby certify that the view expressed in this research report or article, accurately reflect my personal views about the subject securities and issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the recommendations or views expressed in this research report.
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