CAMBRIDGE, Mass., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today announced that the Company will present at the 43rd Annual J.P. Morgan Healthcare Conference at 10:30 a.m. ET (7:30 a.m. PT) on Wednesday, January 15, 2025. A webcast of the presentation will be available on the Investor Relations section of the Vericel Corporation website at: http://investors.vcel.com. About Vericel Corporation Ver ...

We are currently offering a one-month trial into the Biotech Forum at half the regular price. To see what I and the other season biotech investors are targeting as trading ideas in real-time, just join our community at The Biotech Forum by clicking HERE .Today, we take a deeper peak at Vericel Corporation (NASDAQ: VCEL ) whose stock has moved up some 40% in recent months. The company is moving to profitably this fiscal year and is seeing impressive sales growth. That said, after the recent rise in equity, v ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Group 1 - Vericel Corporation is a leader in advanced therapies for sports medicine and severe burn care markets [2] - The company will have a presentation at the Canaccord Genuity Growth Conference on August 14, 2024, at 3:00 p.m. ET [1] - A webcast of the presentation will be available on the Investor Relations section of the Vericel Corporation website [1] Group 2 - Vericel markets three main products in the United States: MACI®, Epicel®, and holds an exclusive license for NexoBrid® [2] - MACI® is indicated for the repair of full-thickness cartilage defects of the knee in adults [2] - Epicel® serves as a permanent skin replacement for patients with significant burns [2] - NexoBrid® is indicated for the removal of eschar in adults with deep partial-thickness and/or full-thickness burns [2]

CAMBRIDGE, Mass., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today announced that Nick Colangelo, President and CEO, will present at the Canaccord Genuity Growth Conference at 3:00 p.m. ET on Wednesday, August 14, 2024. A webcast of the presentation will be available on the Investor Relations section of the Vericel Corporation website at: http://investors.vcel.com. About Vericel Corporation Vericel ...

Financial Data and Key Metrics Changes - The company reported record second quarter revenue of nearly $53 million, representing a 20% growth in total revenue for the first half of the year [7][16] - Gross margin reached 70%, an increase of 430 basis points compared to the prior year, marking the highest second quarter gross margin to date [17] - Adjusted EBITDA grew by 42% year-over-year, reaching $6.3 million or 12% of net revenue [18] - The company generated $18.5 million of operating cash flow in the quarter and ended with $154 million in cash, restricted cash, and investments, with no debt [18] Business Line Data and Key Metrics Changes - MACI revenue was over $44 million, increasing 21% year-over-year and exceeding guidance [8][16] - Burn Care revenue totaled $8.5 million, with NexoBrid revenue increasing 76% compared to the prior quarter [16] - Epicel revenue remained stable at approximately $8 million, with a quarterly run rate increasing to over $9 million for the first half of the year [13][18] Market Data and Key Metrics Changes - The company is expanding its target surgeon base for MACI from 5,000 to 7,000 surgeons with the upcoming launch of MACI Arthro [10] - Approximately 70 burn centers completed P&T Committee submissions for NexoBrid, with over 40 centers gaining approval [12] Company Strategy and Development Direction - The company is focused on launching MACI Arthro to expand its market reach, targeting smaller cartilage defects [10] - Plans are in place to initiate the MACI Ankle clinical study in 2025, representing a significant growth opportunity with an estimated $1 billion addressable market [11] - The company is actively pursuing business development opportunities in sports medicine and advanced cell therapy [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued high revenue and profit growth for the remainder of the year, reaffirming revenue guidance of $238 million to $242 million [19][50] - The company expects to be GAAP profitable in 2024 and anticipates strong growth in both MACI and Burn Care revenue for the third quarter [20][19] Other Important Information - The company is preparing for the FDA approval of a pediatric indication for NexoBrid, which is expected to enhance uptake in pediatric burn centers [12][40] - The company has implemented a sales force optimization plan, increasing territories for the Burn Care sales force to 17 [28] Q&A Session Summary Question: Clarification on MACI pacing expectations and conversion rates - Management confirmed strong performance in MACI and expects continued growth, with Q3 estimates around $44.5 million [22][23] - Conversion rates are expected to improve as surgeons gain experience, with no anticipated negative impact from targeting smaller cartilage defects [25][26] Question: Inquiry about Burn Care market stability - Management reassured that there are no structural changes in the burn market, citing consistent biopsy numbers and strong growth indicators for Epicel [27][28] Question: Record number of biopsies in May - Management confirmed that the highest number of biopsies occurred in May, independent of the upcoming arthroscopic launch [30] Question: Update on business development initiatives - Management stated that they are actively seeking synergistic opportunities in sports medicine and advanced cell therapy, maintaining a high bar for potential acquisitions [36][37] Question: Composition of Burn Care revenue in Q3 - Management indicated that Epicel is expected to maintain a higher run rate, while NexoBrid is also progressing positively [42][43] Question: Pediatric indication for NexoBrid and its impact - Management highlighted that approximately 20 pediatric burn centers will be added to the target customer base upon approval, which is expected to significantly impact NexoBrid uptake [48][40]

Vericel Corporation (VCEL) came out with a quarterly loss of $0.10 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.08, delivering a surprise of 27.27%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Vericel, which belongs to the Zac ...

CAMBRIDGE, Mass., July 22, 2024 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today announced the appointment of Karen Mahoney as Chief Human Resources Officer following the retirement of Heidi Hassen, who served as Vericel's Head of Human Resources since September 2010. "I am delighted to welcome Karen to Vericel," said Nick Colangelo, President and CEO of Vericel. "Karen has a strong track record of building high ...

A webcast of the presentation will be available on the Investor Relations section of the Vericel Corporation website at: http://investors.vcel.com. About Vericel Corporation | --- | |-------------------| | | | Investor Contact: | | Eric Burns | | ir@vcel.com | | +1 (734) 418-4411 | | Media Contact: | | Julie Downs | | media@vcel.com | CAMBRIDGE, Mass., June 11, 2024 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, tod ...

CAMBRIDGE, Mass., May 22, 2024 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today announced that Nick Colangelo, President and CEO and Joe Mara, CFO will participate in a fireside chat at the Leerink Partners Healthcare Crossroads Conference at 9:40 a.m. ET on Wednesday, May 29, 2024. Epicel and MACI are registered trademarks of Vericel Corporation. NexoBrid is a registered trademark of MediWound Ltd. and is used ...