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Biomerica Announces CMS Medicare Payment Rate of $300 for Revolutionary inFoods® IBS Test
Globenewswire· 2025-12-23 13:19
Core Insights - Biomerica, Inc. announced that the Centers for Medicare & Medicaid Services (CMS) has set a national Medicare payment rate of $300 for its inFoods® IBS test, effective January 1, 2026, under the Clinical Laboratory Fee Schedule (CLFS) [1][9] - The establishment of a dedicated CPT® Proprietary Laboratory Analyses (PLA) code for inFoods® IBS, effective October 1, 2025, enhances the test's market position and patient access [2] Commercial Milestone - The $300 payment rate from CMS provides a foundation for negotiations with private insurers, as CMS is the largest payer in the U.S. healthcare system, accounting for approximately 21% of total healthcare expenditure [3][9] - The CEO of Biomerica emphasized that the pricing determination is a significant milestone for both the company and patients suffering from IBS, positioning the company for commercial growth in 2026 and beyond [4] Market Need - Irritable bowel syndrome (IBS) affects about 10% to 15% of adults in the U.S., translating to over 30 million potential patients, highlighting a significant unmet medical need [4] - Current treatment options for IBS often provide inconsistent relief and may involve side effects, with no FDA-approved drugs for the IBS-M subtype, which represents about one-third of the IBS market [4] Product Efficacy - The inFoods® IBS test utilizes a personalized diagnostic approach to identify food triggers for IBS symptoms, allowing for targeted dietary recommendations [5] - Clinical trials demonstrated that 59.6% of patients who eliminated identified trigger foods met the FDA-standard target for abdominal pain reduction, compared to 42.2% in the control group [6] - Notable efficacy was observed in difficult-to-treat populations, with 67.1% of IBS-C patients and 66% of IBS-M patients achieving FDA-target pain reduction [7] Strategic Positioning - The combination of clinical evidence, a dedicated PLA code, and a national CLFS price represents a pivotal moment for inFoods® IBS [8] - The company plans to work with Medicare Administrative Contractors to secure coverage for the inFoods® IBS test and leverage the established pricing to negotiate with private insurers [10] Value Proposition - The CMS pricing announcement enhances Biomerica's market opportunity by providing a differentiated offering, a large patient population, a personalized medicine approach, and platform potential for additional gastrointestinal conditions [11]
Ping An Biomedical Co., Ltd. Announces Receipt of Nasdaq Minimum Bid Price Deficiency Letter
Globenewswire· 2025-11-28 11:00
Core Viewpoint - Ping An Biomedical Co., Ltd. has received a deficiency letter from Nasdaq regarding its minimum bid price requirement, indicating potential risks to its continued listing status [2][3]. Group 1: Compliance and Listing Status - The company was notified by Nasdaq that it no longer meets the minimum bid price requirement of $1 per share based on its closing bid price from October 10, 2025, to November 20, 2025 [2]. - Nasdaq has granted the company a compliance period of 180 calendar days, until May 25, 2026, to regain compliance with the listing requirement [3]. - If the company fails to regain compliance within the initial compliance period, it may be eligible for an additional 180 days, provided it meets other listing standards and notifies Nasdaq of its intention to cure the deficiency [3]. Group 2: Company's Response and Future Plans - The company is currently evaluating options to regain compliance and is committed to making reasonable efforts to meet Nasdaq's continued listing requirements [4]. - There is no assurance that the company will successfully regain compliance with the minimum bid price rule or other Nasdaq requirements [4]. Group 3: Company Overview - Ping An Biomedical Co., Ltd. is a one-stop supply chain management service provider in the apparel industry and focuses on innovative solutions in healthcare and biomedical technology [5].
Advanced Biomed Inc. Announces Launch of A+PerfusC™ – Integrated Perfusion 3D Cell Culture Platform for Precision Medicine and Drug Discovery
Globenewswire· 2025-09-19 12:30
Core Insights - Advanced Biomed Inc. has launched the A+PerfusC system, a compact 3D cell culture incubator designed to replicate human physiological conditions in vitro [1][2] - The A+PerfusC platform integrates automated perfusion with environmental control, allowing for up to 12 days of continuous, hands-free culture, which enhances cell viability and drug response predictability [2][5] - The global 3D cell culture market is projected to grow from USD 2.32 billion in 2025 to over USD 4.71 billion by 2030, with a compound annual growth rate of over 15.6% [4] Company Overview - Advanced Biomed Inc. specializes in innovative biomedical technologies for cancer detection and precision medicine, operating through subsidiaries in Taiwan, Hong Kong, and Mainland China [9][10] - The company has developed a proprietary microfluidic platform for advanced circulating tumor cell detection, with regulatory clearances in progress in China and plans for global expansion [10] Product Features - The A+PerfusC system supports up to 8 independent channels per plate, allowing for 600 tumor spheroids per row and a total of 4,800 tumor spheroids per plate [8] - The system is designed for easy transfer into 96 or 384 well plates for high-throughput drug screening and can be mounted on microscopy platforms [8] Future Plans - The company plans to scale up the A+PerfusC system for high-throughput use and integrate imaging with AI-driven analytics to enhance tumor profiling and personalized treatment development [5]
【新华解读】规范生物医学新技术应用 助力健康中国建设
Xin Hua She· 2025-09-13 07:49
Core Points - The State Council's executive meeting approved the draft regulation for the management of clinical research and application of new biomedical technologies, aiming to promote innovation and accelerate the transformation of research outcomes in the biomedical industry [1] - The regulation emphasizes the dual focus on development and safety, ensuring the quality and safety of clinical applications while effectively preventing various risks [1] - The establishment of this regulation is seen as a significant step towards modernizing the governance system and capabilities in the biomedical field, facilitating the integration of research and application, and clarifying responsibilities among research institutions, enterprises, and medical organizations [1] Industry Summary - The biomedical technology sector is recognized as one of the fastest-growing and most challenging areas within the life sciences, providing new means for disease diagnosis and treatment while also posing risks related to privacy, biosecurity, public safety, and social ethics [1] - The regulation aims to enhance the quality and safety of medical practices, safeguard human dignity and health, and promote medical advancements through standardized clinical research and application processes [1] - By addressing the barriers between research and application, the regulation is expected to expedite the availability of cutting-edge biomedical technologies to the public, while also reinforcing risk warning and emergency management mechanisms [1]
Biomerica Appoints Eric B. Chin to Board of Directors and Audit Committee Chair
Globenewswire· 2025-06-06 13:30
Core Viewpoint - Biomerica, Inc. has appointed Eric B. Chin to its Board of Directors, enhancing its corporate governance and financial oversight as it scales commercialization efforts for its diagnostic and therapeutic products [1][7]. Group 1: Appointment Details - Eric B. Chin has been appointed as Chairperson of the Audit Committee and a member of the Nominating and Corporate Governance Committee and the Compensation Committee, effective June 4, 2025 [1]. - Chin replaces Cathy Coste, whose resignation was not due to any disagreement with the company [3]. Group 2: Eric B. Chin's Background - Chin is an accomplished financial executive with over 20 years of experience in public and private healthcare organizations [2][7]. - He currently serves as CFO of Akido Labs, where he successfully raised $60 million in recent financing [2][7]. - His previous roles include executive positions at Astrana Health, Public Storage, and Alexandria Real Estate Equities, and he began his career at Ernst & Young LLP [2]. Group 3: Company Overview - Biomerica, Inc. develops, patents, manufactures, and markets advanced diagnostic and therapeutic products aimed at enhancing health and reducing healthcare costs, primarily focusing on gastrointestinal and inflammatory diseases [4]. - The company's inFoods IBS test assesses patients' immunoreactivity to specific foods, providing targeted dietary recommendations to alleviate IBS symptoms [5].
Allegro’s injectable osteoarthritis treatment generates positive safety results in preclinical studies
Globenewswire· 2025-03-25 07:30
Core Insights - Allegro NV has reported positive results from preclinical studies of hydrocelin (ALG-001), an injectable microparticle hydrogel, showing no signs of toxicity over 4 and 13 weeks [1][4][8] - The company plans to initiate a pivotal clinical study in osteoarthritis patients in Belgium later this year [1][2][8] - Hydrocelin is designed to restore the shock-absorbing capacity of synovial fluid in joints, potentially providing pain relief and protecting cartilage [3][5] Company Overview - Allegro NV is a private biomedical company focused on developing treatments for degenerative joint diseases using its proprietary nanotechnology platform, INTRICATE [6] - Hydrocelin is positioned as a potential first-in-class, disease-modifying treatment for osteoarthritis, with clinical studies in humans expected to commence later this year and a commercial launch targeted for 2027 [6] Product Details - Hydrocelin consists of cross-linked microparticles that act as shock absorbers in the synovial fluid, enhancing impact absorption and optimizing load distribution [5] - The treatment is minimally invasive and aims to promote joint homeostasis while providing pain relief and protecting cartilage [5]