BioStem Technologies Establishes National Pricing for Vendaje AC® from the Center for Medicare Services and Provides Reimbursement in All MAC Regions
BIOSTEM TECHNOLOGIES NEW (BSEM)
NASDAQ:AMEX Investor Relations:
otcmarkets.com/stock/bsem/news/biostem-technologies-inc--announces-a-pre-clinical-study-of-bsem17-115-at-university-of-miami?id=177750&b=y
Company Research
Source: GlobeNewswire
POMPANO BEACH, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) -- BioStem Technologies, Inc. (OTC: BSEM), a leading MedTech company focused on the development, manufacture, and commercialization of placental-derived biologics for advanced wound care, today announced that the Center for Medicare Services (CMS) has established national pricing for its allograft product, Vendaje AC® in all Medicare Administrative Contractor (MAC) regions. This pricing announcement effective as of October 1, 2024, allows BioStem to begin marketing Vendaje AC nationwide within the MAC regions. BioStem will commercialize Vendaje AC through Venture Medical LLC, a premier commercialization provider in the U.S. wound care market. Venture Medical, which has an extensive wound care sales team, is currently supporting BioStem with the successful launch of AmnioWrap2® and will now lead the distribution and marketing efforts for Vendaje AC nationwide. Jason Matuszewski, CEO of BioStem Technologies Inc., commented:
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News
- BioStem Announces Notice of Allowance for U.S. Patent Application for Sterile Human Placental AllograftsGlobeNewswire
- BioStem Technologies Signs Letter of Intent to Acquire Wound Care Products and Technologies from ProgenaCare GlobalGlobeNewswire
- BioStem Technologies Reports Record Third Quarter 2024 Revenue of $82.6 MillionGlobeNewswire
- BioStem Technologies Initiates Nationwide Launch of Vendaje AC® with Venture Medical Following Established Reimbursement in All Medicare Administrative Contractor (MAC) RegionsGlobeNewswire
- BioStem Technologies to Report Third Quarter 2024 Financial Results on Tuesday, November 12, 2024GlobeNewswire