ReNerve enters distribution partnership in Mexico
Released
Released
Announcement PDF
ASX Announcement
27 February 2025
ReNerve enters partnership for NervAlign® Nerve Cuff in Mexico
Highlights:
•
ReNerve has entered a partnership with Imbiomex to progress the NervAlign® Nerve Cuff through
regulatory approval and thereafter to commence distribution of the product in Mexico.
•
Imbiomex is a Mexican medical device distribution company specialising in the sales and marketing of
imported innovations in the biomaterials and surgical markets.
•
The Global Nerve Repair Biomaterials Market was valued at USD$1.96 billion in 2024 and is projected to
grow at a CAGR of 17.8% to USD$6.19 billion1 by 2031.
•
The Mexican market for nerve repair biomaterials has been valued at USD$74M1.
ReNerve Limited (ASX:RNV) (“ReNerve” or “the Company”) is pleased to announce that it has signed an exclusive
distribution partnership agreement (“the Agreement”) with Imbiomex to progress the NervAlign® Nerve Cuff in
Mexico. The two companies have now started the regulatory application process to achieve market approval for
the product, following which Imbiomex will market and sell the product in Mexico.
The market for nerve repair biomaterials in Mexico is estimated to be worth around USD$74M per annum and
growing at 17%. With help from Imbiomex, Mexico provides a good opportunity for ReNerve to expand outside
the US market and into Latin America.
Commenting on the new partnership, ReNerve CEO, Dr Julian chick, stated: “We are delighted to be partnering
with the Imbiomex team to establish a market presence in Mexico, as part of our broader global expansion strategy.
We are especially excited to work with Imbiomex for the Mexican market, given their strong local positioning, as
well as their in-depth understanding of the biomaterials and surgical markets, including the peripheral nerve repair
market.”
Imbiomex is a Mexican medical device distribution company that is focused on the sales and marketing of
biologics, representing some of the world’s leading tissue companies. Imbiomex has been working in the
Mexican biomaterials market for ten years, including importing, warehousing and distributing, as well as working
with all types of tissue.
The NervAlign® Nerve Cuff is designed for the protection of repaired nerves and the regeneration of nerves
during the healing process. The product is unique as it protects the nerve during the healing process, but is
naturally absorbed within 6 months, leaving just regenerated repaired tissue.
1
Global Nerve Repair Biomaterials Market Research Report (2020 – 2031)
+61 (03) 9482 3940
157 Heidelberg Rd,
Northcote, VIC 3070
www.renerve.com.au
This announcement has been approved for release by the Company’s Board of Directors.
- ENDS -
For further information and enquiries, please contact:
Dr Julian Chick
CEO & Managing Director
ReNerve Ltd
+61 (03) 9482 3940
info@renerve.com.au
Jane Morgan
Investor & Media Relations
Jane Morgan Management
+61 (0) 405 555 618
info@janemorganmanagement.com.au
About ReNerve Limited
ReNerve Limited (ASX:RNV) is a medical device company specialising in advanced nerve repair and
regeneration solutions. The Company is focused on commercialising cutting-edge medical devices and
tissue-engineering products that seek to address significant unmet needs for patients with peripheral nerve
damage – a critical gap in healthcare. ReNerve aims to improve patient outcomes through scientifically
backed products that have been developed to enhance the human body's natural healing process, while
commercialising cutting-edge, scalable products for the healthcare market. ReNerve wishes to acknowledge
AusIndustry’s Accelerating Commercialisation program for its support through many of the activities
required to commercialise the NervAlign® Nerve Cuff.
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