Biostem Tech Stock Price, News & Analysis

BioStem Technologies Inc. (OTCQB: BSEM) has announced the appointment of Michael Sylvester as Vice President of Sales and Neal Bhattacharya as Vice President of Marketing, marking a strategic move for growth in the regenerative medicine sector. Sylvester brings over 20 years of experience in sales, having worked with notable organizations like Johnson & Johnson, while Bhattacharya has a strong marketing background with major brands such as Novartis. CEO Jason Matuszewski emphasized that this leadership enhancement aims to solidify BioStem's presence in advanced wound care and drive sales growth through effective market penetration and communication of product efficacy.

BioStem Technologies (OTCQB: BSEM) announced that the Center for Medicare Services has established national pricing for its product VENDAJE^TM, effective January 1, 2023. This change allows all Medicare providers across the U.S. to offer VENDAJE^TM for reimbursement, enhancing access for patients with non-healing lower extremity wounds. Previously, reimbursement was limited to select MAC regions. The national pricing streamlines the reimbursement process and may accelerate payment timelines. The company expressed optimism regarding payer coverage and the product's market rollout, which utilizes proprietary BioRetain processing technology.

BioStem Technologies Inc. (OTCQB: BSEM) has successfully up-listed its shares from the OTC Pink Sheet to the OTCQB Venture Market on December 16, 2022. This milestone reflects the company's commitment to transparency and corporate governance, enhancing visibility and accessibility for U.S. investors.

CEO Jason Matuszewski emphasized the significance of this achievement in expanding their shareholder base and providing value to current shareholders. BioStem specializes in placental derived biologics and aims to leverage innovative processing methods to advance regenerative therapies.

BioStem Technologies (OTC: BSEM) announces its sponsorship with Kill Cliff Fight Club, one of the largest MMA training centers globally, located in Southern Florida. This partnership highlights BioStem's regenerative therapy products, aiming to enhance athlete recovery. Kill Cliff FC is home to over 80 professional fighters, including UFC champions. The collaboration intends to promote BioStem’s innovations in regenerative medicine, further integrating the company into the MMA community. Both parties express enthusiasm for the mutual benefits this partnership brings to athlete wellness and performance.

BioStem Technologies (OTC: BSEM) revealed its Q3 2022 financials, reporting net revenue of $1.145 million, a 13% decline from Q3 2021. Despite this, the gross profit margin improved to 74%, up from 59% last year, yielding a gross profit of $0.843 million. The net loss widened to $1.742 million compared to a loss of $0.622 million in the same period last year. Notably, the company is expanding its direct sales force and has added three new Medicare Administrative Contractors, increasing its market coverage to 50% of the U.S. The leadership team also experienced changes, including the appointment of a new CFO.

BioStem Technologies Inc. (OTC: BSEM), a regenerative medicine company, announced a conference call for November 15, 2022, at 4:30 pm EST to discuss its financial results for the quarter ending September 30, 2022. The call will include a corporate update and will be available via webcast. BioStem focuses on placental-derived biologics, utilizing its proprietary BioRetain® processing method. The company operates under strict quality management and is accredited by the American Association of Tissue Banks, ensuring compliance with industry standards.

BioStem Technologies Inc. (OTC PINK: BSEM) has appointed Michael Fortunato, CPA, as Chief Financial Officer, transitioning from his role as Controller. Fortunato brings over 28 years of experience in financial accounting, SEC reporting, and IPOs, notably participating in Alibaba's $22 billion IPO. CEO Jason Matuszewski highlights this as a pivotal moment for the company, emphasizing Fortunato's expertise in advancing BioStem's mission in wound care. The company is engaged in developing placental-derived tissue allografts using its proprietary BioRetain® method.

BioStem Technologies Inc. (OTC PINK: BSEM) announced that CEO Jason Matuszewski will present at the Dawson James Securities 2022 Small Cap Growth Conference on October 12, 2022, from 1:30-1:55 PM EDT. The event will take place in the Preserve Ballroom B. Management will also hold one-on-one meetings with investors throughout the conference. A live webcast of the presentation will be available, along with an archived recording accessible for 90 days on the company’s website. BioStem focuses on regenerative medicine, particularly placental-derived tissue allografts.

BioStem Technologies (OTC: BSEM) announced a guidance paper on growth factor standardization published in Health Science Reports. The paper highlights a new method to quantify growth factors in its Vendaje® and Vendaje AC® allografts, emphasizing the inadequacy of current reporting methods. The proprietary BioRetain® processing method retains the integrity of placental tissues and their growth factors. The CEO stated the commitment to advancing knowledge in wound care, while the R&D VP noted the significance of growth factor standardization for assessing product efficacy.