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BioStem Technologies to Present at the 25th Annual Needham Virtual Healthcare Conference
Globenewswire· 2026-03-31 20:05
Core Viewpoint - BioStem Technologies Inc. is set to present at the 25th Annual Needham Virtual Healthcare Conference, highlighting its focus on regenerative medicine and perinatal tissue allograft products [1][2]. Company Overview - BioStem Technologies is a publicly traded biomedical innovator specializing in the development, manufacturing, and commercialization of advanced allograft solutions derived from perinatal tissue [3]. - The company utilizes proprietary technologies such as BioRetain®, CryoTek®, and SteriTek® to optimize the preservation of natural tissue properties for clinical use [3]. - BioStem's allografts are utilized by clinicians across various specialties, indicating a broad application of its products [3]. Quality Assurance - The company's quality management system and standard operating procedures have been accredited by the American Association of Tissue Banks (AATB), ensuring compliance with current Good Tissue Practices (cGTP) and current Good Manufacturing Processes (cGMP) [4]. - BioStem's product portfolio includes well-known brands such as Neox®, Clarix®, VENDAJE®, and American Amnion™, reflecting its commitment to quality [4].
Biostem Technologies (OTCPK:BSEM) Earnings Call Presentation
2026-03-24 20:00
Company Presentation MARCH 2026 Forward Looking Statements Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. The following is a list of risks, among others, that could cause actual results to differ materially from those contemplated by the forward-looki ...
BioStem Appoints Jodi Ungrodt to Board of Directors as Audit Committee Chair
Prism Media Wire· 2026-03-23 11:00
Core Insights - BioStem Technologies has appointed Jodi Ungrodt to its Board of Directors as the Audit Committee Chair, effective March 18, 2026, bringing 29 years of accounting leadership in the life sciences sector [1][2][3] Company Overview - BioStem Technologies is a MedTech company focused on developing, manufacturing, and commercializing placental-derived products for advanced wound care [1][4] - The company is recognized for its proprietary allograft portfolio derived from donated birth tissue, utilizing advanced processing technologies to preserve the natural properties of the tissues [4][9] Leadership and Governance - Jodi Ungrodt's extensive experience includes serving as a senior partner at Ernst & Young, where she advised life sciences companies on various financial matters, including IPOs and regulatory compliance [2][5] - As Audit Committee Chair, Ungrodt will oversee financial reporting, internal controls, and risk management practices at BioStem [5] - Ungrodt replaces Brandon Poe, who transitioned to the role of chief financial officer in August 2025 after serving on the board for three years [8] Strategic Direction - The company aims to expand its business beyond chronic wound care and increase its visibility in public markets in 2026 [3] - BioStem is committed to advancing innovation in regenerative medicine, with ongoing research to enhance the understanding and application of placental-derived tissue products [4][9]
BioStem Technologies to Present at the 46th Annual TD Cowen Healthcare Conference
Prism Media Wire· 2026-02-20 12:01
Core Insights - BioStem Technologies, Inc. will present at the 46th Annual TD Cowen Healthcare Conference in Boston, MA, highlighting its focus on perinatal tissue-derived products for advanced wound care [1]. Company Overview - BioStem Technologies is a leading innovator in the MedTech sector, specializing in the development, manufacturing, and commercialization of allografts for regenerative therapies derived from perinatal tissue [3]. - The company utilizes its proprietary BioRetain® processing method, which is designed to maintain growth factors and preserve tissue structure, leveraging the latest research in regenerative medicine [3]. - BioStem's quality management system and standard operating procedures are accredited by the American Association of Tissue Banks (AATB) and comply with current Good Tissue Practices (cGTP) and current Good Manufacturing Processes (cGMP) [3]. - The company's product portfolio includes brands such as VENDAJE®, VENDAJE AC®, American Amnion™, American Amnion AC™, and Neox® and Clarix® product lines [3].
BioStem Technologies Advances Entry into the Acute Wound Care Market with Acquisition of BioTissue Holdings' Surgical and Wound Care Business
Prism Media Wire· 2026-01-21 22:30
Core Insights - BioStem Technologies has acquired the surgical and wound care business of BioTissue Holdings for approximately $15 million, with potential additional payments based on regulatory milestones and royalties [7][8] - This acquisition significantly enhances BioStem's commercial capabilities and expands its product offerings in the acute wound care market [5][6] Group 1: Acquisition Details - The acquisition includes BioTissue's Neox® and Clarix® product lines, along with its commercial infrastructure, which consists of a nationwide sales network and key GPO contracts [4][5] - BioTissue's surgical and wound care business generated approximately $29 million in sales in 2025 and is expected to contribute positively to BioStem's EBITDA in 2026 [8] Group 2: Strategic Implications - The acquisition allows BioStem to diversify into new markets, particularly in acute wound care and soft-tissue repair, thereby broadening its existing product lines [5][6] - Barry Hassett has been promoted to Chief Commercial Officer to lead the integrated commercial team, leveraging his extensive experience in the industry [9] Group 3: Financial Overview - The upfront cash payment for the acquisition is approximately $15 million, with potential additional payments of up to $25 million based on regulatory and commercial milestones [7] - Post-acquisition, BioStem's cash and restricted cash balance is approximately $16 million [8]
BioStem Technologies Products Placed on “12-Month Status Quo Period” List in Update to CMS CY 2026 Final Medicare Reimbursement Rule for Skin Substitutes
Prism Media Wire· 2025-12-18 12:02
Core Viewpoint - BioStem Technologies' products, VENDAJE® and VENDAJE AC®, have been granted a 12-month status quo period for reimbursement eligibility under the CMS CY 2026 Final Medicare Reimbursement Rule, ensuring continued access for patients with diabetic foot ulcers (DFU) and venous leg ulcers (VLU) [3][4]. Group 1: Reimbursement Status - The 12-month status quo designation allows BioStem's products to remain eligible for reimbursement in 2026, provided their use meets the "reasonable and necessary" standard [4]. - The Medicare Administrative Contractors (MACs) will review additional evidence by December 31, 2026, with updated determinations expected in early 2027 [4]. Group 2: Impact on Other Products - The final policy from CMS specifically applies to DFU and VLU indications, leaving reimbursement for other wound types, such as pressure ulcers, unaffected [5]. - Pressure ulcers represent the largest segment of the chronic wound market at 41%, which is crucial for BioStem's sales volume and Medicare-related revenue [5]. Group 3: Company Statements and Future Plans - The CEO of BioStem expressed appreciation for CMS's evidence-driven approach and anticipates uninterrupted payment for their products in DFU and VLU applications throughout 2026 [6]. - BioStem plans to engage with CMS and MACs to discuss clinical trial findings and aims to achieve reclassification of their products from Status Quo to Covered status during the 2027 reconsideration cycle [6].
BioStem Technologies Reports Positive Top-Line Clinical Results Demonstrating Superior Outcomes with BioRetain® Allograft in Diabetic Foot Ulcers
Globenewswire· 2025-10-31 11:00
Core Insights - BioStem Technologies, Inc. announced positive top-line results from its clinical trial evaluating BioRetain® - Processed Amnion Chorion (BR-AC) for treating non-healing diabetic foot ulcers (DFUs) [1][2] - The trial demonstrated that patients treated with BR-AC were almost twice as likely to achieve lasting wound closure compared to those receiving standard care alone [2][6] Clinical Trial Details - The BR-AC-DFU-101 study was a multicenter, randomized, controlled trial initiated in Q4 2024, involving 71 patients with Wagner 1 or 2 DFUs across 11 U.S. sites [2][3] - The primary objective was to assess the probability of complete wound closure over a 12-week period for patients treated with standard care plus BR-AC versus standard care alone [2][5] Patient Selection and Methodology - A rigorous patient selection process ensured only those with hard-to-heal wounds were enrolled, following FDA guidelines for cutaneous ulcers [2][3] - A 2-week run-in period was implemented to evaluate patient response to standard care, excluding those with significant initial improvement [3] Results and Efficacy - The probability of healing in the BR-AC group was 53%, compared to 31% in the standard care group, indicating superior clinical outcomes for BR-AC [6] - Future publications will address secondary outcome measures related to treatment efficacy and application frequency [5][7] Industry Context - Diabetic foot ulcers affect approximately 15% of individuals with diabetes, with significant hospitalization risks and complications [8] - In 2023, an estimated 2.2 million patients received treatment for DFUs, with treatment costs in the U.S. ranging from $9 billion to $13 billion annually [9] Company Overview - BioStem Technologies focuses on developing placental-derived products for advanced wound care, utilizing its proprietary BioRetain processing method to maintain tissue integrity [12][10] - The company is committed to expanding its clinical research and product offerings, including ongoing studies targeting venous leg ulcers [4]