Welcome to our dedicated page for Vericel news (Ticker: VCEL), a resource for investors and traders seeking the latest updates and insights on Vericel stock.
Vericel Corporation (NASDAQ: VCEL) is a commercial-stage biopharmaceutical company focused on advanced therapies for the sports medicine and severe burn care markets. Its news flow centers on financial performance, adoption of its cell therapy and biologic products, and progress in clinical and manufacturing initiatives.
Investors following VCEL news can expect regular quarterly earnings releases detailing total revenue, product-level revenue for MACI and Burn Care (Epicel and NexoBrid), gross margin, net income or loss, adjusted EBITDA and operating cash flow. Vericel frequently provides financial guidance ranges for full-year revenue, MACI growth, gross margin and adjusted EBITDA margin, and may update these expectations as the year progresses.
Company updates also highlight operational metrics such as record MACI revenue, numbers of MACI implants and biopsies, growth in trained MACI Arthro surgeons, Epicel and NexoBrid biopsy and hospital order trends, and expansion of the MACI sales force. These disclosures offer insight into market penetration and utilization of Vericel’s therapies in orthopedic and burn care settings.
Vericel news items often include information on clinical and regulatory milestones, such as FDA IND clearance for the Phase 3 MACI Ankle clinical study and the initiation of the MACI Ankle MASCOT clinical trial. The company also announces participation in major investor and healthcare conferences, including events hosted by J.P. Morgan, Stephens, Wells Fargo and Truist Securities, where management discusses business performance and strategy.
This VCEL news page aggregates these press releases and related announcements so readers can review historical and recent developments around Vericel’s financial results, product adoption, clinical programs and corporate presentations in one place.
Vericel Corporation (NASDAQ:VCEL) reported a **97%** increase in **total net revenue** for Q2 2021, reaching **$39.5 million**. Key products contributed with **MACI®** revenue at **$26.5 million** and **Epicel®** at **$12.2 million**. The company improved its gross margin to **68%** from **57%** year-over-year. Although net loss decreased to **$3.8 million** from **$8.3 million**, operating expenses rose to **$30.6 million**. Cash reserves increased to **$116 million**. Full-year revenue guidance was raised to **$168-$171 million**, indicating strong business momentum.
Vericel Corporation (NASDAQ:VCEL) will host a webcast and conference call on August 4, 2021, at 8:30 AM EDT to discuss its second-quarter 2021 financial results. Investors can join the call via telephone or through the company’s website. The presentation slides will also be available online. Vericel is known for its advanced therapies in sports medicine and severe burn care, marketing products like MACI® and Epicel®. The call will be accessible for replay until August 11, 2021. For further details, visit the Vericel investor relations page.
Vericel Corporation (NASDAQ:VCEL), a leader in advanced therapies for sports medicine and severe burn care, announced that CEO Nick Colangelo will present at the Ladenburg Thalmann Healthcare Conference on July 13, 2021, at 9:00 a.m. Eastern Time. A live webcast of the presentation will be available on the company’s Investor Relations website. Vericel markets two key cell therapy products: MACI®, for knee cartilage repair, and Epicel®, a permanent skin replacement for severe burns. The company also has exclusive rights to NexoBrid®, a biological product for burn debridement.
Vericel Corporation (NASDAQ:VCEL) announced that its partner, MediWound Ltd., received a complete response letter (CRL) from the FDA regarding the Biologics License Application for NexoBrid, a treatment for severe burns. The FDA cited issues in the Chemistry, Manufacturing, and Controls (CMC) section, requiring additional information and inspections, which were hindered by COVID-19 travel restrictions. The FDA also highlighted concerns from good clinical practice inspections affecting the study's efficacy. Vericel remains committed to addressing these issues to expedite NexoBrid's approval.
Vericel Corporation (NASDAQ:VCEL) announced that CEO Nick Colangelo will present a company overview at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 10, 2021, at 4:40 p.m. Eastern Time. The event will be conducted virtually, allowing investors to access a live webcast via the Investor Relations section of Vericel's website. Vericel specializes in advanced therapies for sports medicine and severe burn care, offering MACI and Epicel as leading cell therapy products.
Vericel Corporation (NASDAQ:VCEL) announced the immediate appointment of Lisa Wright to its Board of Directors. With Ms. Wright's addition, the Board now comprises eight directors, seven of whom are independent. Wright, President and CEO of Community Health Choice, has extensive experience in the healthcare sector, having held leadership positions at WellCare and UnitedHealth Group. Her expertise in payer and provider environments is expected to enhance Vericel's strategic initiatives and growth trajectory. This appointment underscores the company's commitment to diverse skills on its Board.
Vericel Corporation (NASDAQ:VCEL) announced that its President and CEO, Nick Colangelo, will present an overview of the company at the Canaccord Genuity Virtual Musculoskeletal Conference. The presentation is scheduled for May 20, 2021, at 9:30 a.m. Eastern Time. Interested parties can access a live webcast through the Investor Relations section of the Vericel website.
Vericel specializes in advanced therapies for sports medicine and severe burn care, offering innovative products such as MACI® and Epicel®.
Vericel Corporation (NASDAQ:VCEL) reported a 30% increase in total net revenue for Q1 2021, reaching $34.6 million, up from $26.7 million in Q1 2020. Notable revenue contributions include $23.8 million from MACI® and $9.8 million from Epicel®. The gross margin improved to 66%, and adjusted EBITDA rose to $4.6 million. Full-year revenue guidance is raised to $165-$168 million.
Vericel ended Q1 with $110 million in cash and no debt, indicating a strong financial position.
Vericel Corporation (NASDAQ:VCEL) has scheduled a conference call on May 5, 2021, at 8:30 am (EDT) to discuss its first-quarter 2021 financial results. The earnings call can be accessed live on the company's website. Vericel specializes in advanced therapies for sports medicine and severe burn care, marketing MACI® and Epicel® cell therapy products in the U.S. The company also holds commercial rights to NexoBrid®, aimed at severe thermal burns. For further details, investors can visit the Investor Relations section of the Vericel website.
Vericel Corporation (NASDAQ:VCEL) will present a company overview at the 20th Annual Needham Virtual Healthcare Conference on April 15, 2021, at 4:30 p.m. ET. The presentation will be led by President and CEO Nick Colangelo. A live webcast of the event will be available on Vericel's Investor Relations website. Vericel specializes in advanced therapies for sports medicine and severe burn care, marketing MACI® and Epicel®, with exclusive rights for NexoBrid® in North America.