Vericel Stock Price, News & Analysis

Vericel Corporation (NASDAQ:VCEL) has appointed Joe Mara as its new Chief Financial Officer, effective immediately. With over 20 years of experience, including significant roles in the biotech sector at Biogen, Mara is expected to enhance Vericel's financial strategies. His background includes leadership in global financial planning and operations. Nick Colangelo, CEO, expressed confidence that Mara's expertise will support the company's growth in advanced therapies for sports medicine and severe burn care. Mara highlighted his excitement about Vericel's innovative product potential and growth opportunities.

Vericel Corporation (NASDAQ: VCEL) announced its preliminary financial results for the fourth quarter and full year ended December 31, 2020, highlighting a record total revenue range of $44.9-$45.4 million for Q4, a 15% increase year-over-year. Total product revenues for 2020 reached $123.9-$124.4 million, driven by strong sales of MACI and Epicel. Despite a healthy performance, the company experienced scheduling delays and cancellations due to COVID-19, with an estimated $2 million in revenue potentially deferred to 2021. Cash increased to approximately $100 million with no debt.

Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for sports medicine and severe burn care, announces that Nick Colangelo, President and CEO, will present a company overview at the 23rd Annual Needham Growth Conference. The virtual presentation is scheduled for January 15, 2021, at 1:15 p.m. Eastern Time. A live webcast will be available on the Investor Relations section of the Vericel website. Vericel specializes in cell therapy products such as MACI® and Epicel® for cartilage defects and severe burns, respectively.

Vericel Corporation (NASDAQ:VCEL) announced that UnitedHealthcare will expand its medical policy for MACI^® to cover individuals with full-thickness cartilage defects in the patella and multiple knee defects. This policy change is set to take effect on February 1, 2021, providing coverage for over 26 million lives, making UnitedHealthcare the largest commercial payer in the U.S. CEO Nick Colangelo emphasized that this move aligns with MACI's label and will enhance patient access and support growth for the therapy in the future.

Vericel Corporation (NASDAQ:VCEL) announced that Nick Colangelo, President and CEO, will present at the 39th Annual J.P. Morgan Healthcare Conference on January 14, 2021, at 11:40 a.m. Eastern Time. This virtual conference will showcase an overview of the company, renowned for its advanced therapies in sports medicine and severe burn care. A live webcast of the presentation can be accessed on the Investor Relations section of Vericel's website.

Vericel Corporation (NASDAQ:VCEL) announced its third quarter results for 2020, reporting total net revenues of $32.3 million, an increase from $30.5 million in Q3 2019. MACI® generated $24.4 million, while Epicel® and NexoBrid® brought in $6.7 million and $1.2 million, respectively. The company achieved a gross margin of 70% and net income of $3.6 million or $0.08 per share. Operating cash flow stood at $4.6 million, and cash reserves reached $85.5 million. The FDA has accepted NexoBrid's Biologics License Application with a PDUFA goal date of June 29, 2021.

Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for sports medicine and severe burn care, announced its participation in upcoming investor conferences. The company will present at the Credit Suisse 29th Annual Healthcare Conference on November 9, 2020, at 2:45 PM EST, and at the Stifel 2020 Virtual Healthcare Conference on November 16, 2020, at 2:40 PM EST. A live webcast will be available on the company's Investor Relations website.

Vericel Corporation (NASDAQ:VCEL) announced its upcoming third-quarter 2020 earnings call scheduled for November 5, 2020, at 8:30 AM EDT. The call will provide a detailed discussion on the company's financial results and business highlights. Interested parties can join the live call via the Vericel website or by phone. Key products include MACI^® for cartilage repair and Epicel^® for severe burns. The company also holds North American rights to NexoBrid^®, aimed at severe thermal burn treatment.

Vericel Corporation (NASDAQ:VCEL) reported preliminary financial results for Q3 2020, with total net revenues of approximately $32 million, including $24.2 million from MACI, $6.7 million from Epicel, and $1.2 million from NexoBrid. The company generated $4.6 million in operating cash flow, holding $85.5 million in cash with no debt. CEO Nick Colangelo expressed optimism for continued growth in MACI, despite uncertainties due to COVID-19. Key investor events are scheduled for October 16 and November 5.