OncoSil Medical Ltd (ASX:OSL) Delivers Key Milestones and Financial Growth in H1 2025
Key Operational Highlights
OncoSil Medical Ltd has made substantial progress in its clinical trials and commercialisation strategy during the first half of 2025. The company successfully completed the 30th treatment with the OncoSil™ device in Spain and achieved 50% recruitment in both the TRIPP-FFX and PANCOSIL clinical trials. Additionally, OncoSil signed exclusive distribution agreements for the Gulf Cooperation Council, Egypt, and the Nordic countries, strengthening its global market presence.
Financial Performance
The company reported revenue from commercial sales of approximately $0.459 million for the half-year, a significant increase from the previous period. OncoSil’s cash and cash equivalents stood at $8.46 million as of December 31, 2024. Furthermore, the company received an R&D tax refund of around A$1.05 million under the Australian Government’s R&D tax incentive program, supporting continued development of its commercial-stage device.
Executive Comments
CEO and Managing Director Nigel Lange stated, “This has been an exceptional half year for OncoSil Medical, marked by significant progress across multiple fronts. From expanding our distribution network in strategic global markets to achieving critical regulatory milestones and advancing our clinical trial initiatives, we have also seen a substantial increase in sales, reflecting the growing demand for our innovative pancreatic cancer treatment. Each of these achievements strengthens our position as a leader in this field and demonstrates our commitment to improving outcomes for patients worldwide.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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