Arch Therapeutics Provides Year End Operational Update

FRAMINGHAM, Mass., Nov. 09, 2023 (GLOBE NEWSWIRE) — Arch Therapeutics, Inc. (OTCQB:ARTH) (“Arch” or the “Company”), a marketer and developer of novel self-assembling wound care and biosurgical products, today provided a year-end operational update, including key performance metrics related to the ongoing commercialization activities for the Company’s first product, AC5^® Advanced Wound System (“AC5”). During its fourth fiscal quarter, the Company experienced a significant increase in AC5 orders, posting record monthly order volumes during both August and September. Taken together, orders from August and September represented more than half of total fiscal year volume, and September orders more than doubled August orders. The Company also observed favorable coverage and reimbursement decisions from multiple payors in different regions of the country with a commensurate increase in paid claims. A more detailed summary of key milestones and achievements from the fiscal year ended September 30, 2023 is provided below.

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