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Vericel (VCEL) investor relations material
Vericel Wells Fargo 20th Annual Healthcare Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Company and product portfolio overview
Focuses on advanced cell therapies and specialty biologics for sports medicine and burn care, with leading products MACI, NexoBrid, and Epicel.
MACI is the only FDA-approved restorative cartilage repair product, now available in a less invasive arthroscopic form (MACI Arthro).
Burn care portfolio includes NexoBrid for eschar removal and Epicel for permanent skin replacement, both unique in their class.
Strong competitive barriers due to regulatory requirements and lack of generic pathways.
Consistent profitability, high gross margins, and robust cash position with no debt.
MACI Arthro market expansion and surgeon adoption
MACI Arthro targets smaller knee defects, expanding the addressable market to new patient segments.
Surgeon training has broadened adoption, with about one-third of new trainees being new MACI users.
Biopsy and implant growth rates are significantly higher among trained MACI Arthro surgeons.
Reimbursement and facility fees are consistent across MACI Arthro and core MACI procedures.
Sales force expansion underway to support anticipated growth, with new reps expected to be productive by 2026.
Burn care division outlook
Epicel serves patients with severe burns, with revenue growth but inherent quarterly variability due to small patient numbers.
NexoBrid changes the standard of care for eschar removal, offering a less traumatic alternative to surgery.
NexoBrid's broader patient base is expected to bring more predictable revenue over time.
BARDA RFP for NexoBrid includes procurement for national stockpiles and development of new formulations, with decisions expected around the start of the federal fiscal year.
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