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Vericel's Business Segments
Vericel's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
4
Largest Segment
M A C I Implants and kits
Total Revenue
$ 77
Regions Reported
-
Revenue Share by Reportable Segment - FY
- M A C I Implants and kits72.8%
- Directly to consumer Epicel14.1%
- Time-and-materials contract MACI implants kits and instruments Time-and-materials contract2.7%
- Directly to consumer Biopsy kits0.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| M A C I Implants and kits | $ 56 | 72.8% |
| Directly to consumer Epicel | $ 11 | 14.1% |
| Time-and-materials contract MACI implants kits and instruments Time-and-materials contract | $ 2 | 2.7% |
Revenue by Product & Service Category - FY
- MACI Implants and Kits82.4%
- Implants60.7%
- Epicel15.9%
- Biopsy Kits0.9%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| MACI Implants and Kits | $ 56 | 82.4% |
| Implants | $ 42 | 60.7% |
| Epicel | $ 11 | 15.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Annual Results
Revenue Share by Reportable Segment - FY
- M A C I Implants and kits72.8%
- Directly to consumer Epicel14.1%
- Time-and-materials contract MACI implants kits and instruments Time-and-materials contract2.7%
- Directly to consumer Biopsy kits0.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| M A C I Implants and kits | $ 56 | 72.8% |
| Directly to consumer Epicel | $ 11 | 14.1% |
| Time-and-materials contract MACI implants kits and instruments Time-and-materials contract | $ 2 | 2.7% |
1 more segments available
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Description of Vericel
Vericel Corporation is a publicly traded biopharmaceutical company that focuses on developing and commercializing cell therapy products that repair or regenerate human tissue.
The company is headquartered in Cambridge, Massachusetts, and has facilities in Michigan and California.
Vericel's flagship product is called MACI, which stands for Matrix-Induced Autologous Chondrocyte Implantation.
This is a regenerative medicine treatment for patients with knee cartilage damage or disorders.
MACI involves harvesting a patient's own healthy cartilage cells, multiplying them in a laboratory, and then implanting them into the affected area of the knee.
MACI received FDA approval in 2016 and has since been used in thousands of patients.
In addition to MACI, Vericel also sells Epicel, which is a cell-based therapy for treating severe burns.
Epicel involves taking a small sample of a patient's own healthy skin cells, multiplying them in a laboratory, and then grafting them onto the burn wound.
Epicel has been used in over 1,000 patients and is the only FDA-approved cell therapy for the treatment of severe burns.
Vericel has a robust research and development pipeline focused on cell therapy products that target cardiac, pulmonary, and neurological diseases.
The company is committed to advancing science and technology to bring innovative treatments to patients suffering from debilitating conditions.
Overall, Vericel Corporation is a leading player in the field of regenerative medicine, with a focus on developing cell-based therapies that improve patients' quality of life.
The company is headquartered in Cambridge, Massachusetts, and has facilities in Michigan and California.
Vericel's flagship product is called MACI, which stands for Matrix-Induced Autologous Chondrocyte Implantation.
This is a regenerative medicine treatment for patients with knee cartilage damage or disorders.
MACI involves harvesting a patient's own healthy cartilage cells, multiplying them in a laboratory, and then implanting them into the affected area of the knee.
MACI received FDA approval in 2016 and has since been used in thousands of patients.
In addition to MACI, Vericel also sells Epicel, which is a cell-based therapy for treating severe burns.
Epicel involves taking a small sample of a patient's own healthy skin cells, multiplying them in a laboratory, and then grafting them onto the burn wound.
Epicel has been used in over 1,000 patients and is the only FDA-approved cell therapy for the treatment of severe burns.
Vericel has a robust research and development pipeline focused on cell therapy products that target cardiac, pulmonary, and neurological diseases.
The company is committed to advancing science and technology to bring innovative treatments to patients suffering from debilitating conditions.
Overall, Vericel Corporation is a leading player in the field of regenerative medicine, with a focus on developing cell-based therapies that improve patients' quality of life.
Vericel Corporation is a biopharmaceutical company specializing in innovative treatments for patients with severe medical conditions, primarily focusing on regenerative medicine. The company operates through two primary segments: MACIe and Epicele, each offering distinct products and services designed to address specific medical needs.
Segments and Products
1. MACIe (Autologous Cellularized Matrix Product)
Overview:
MACIe is a sophisticated cellular therapy designed to treat symptomatic, full-thickness cartilage defects in the knee. This innovative product utilizes a patient’s own cells (autologous chondrocytes), which are cultured and expanded in a laboratory setting. These cultured cells are then combined with a biocompatible 3D scaffold to create a matrix that can be implanted in the damaged area of the knee.
Key Features:
- Autologous Chondrocytes: MACIe is made from the patients own cells, minimizing the risk of immune rejection and promoting better integration with existing tissue.
- 3D Biomaterial Scaffold: The scaffold provides a supportive environment for the chondrocytes to grow and regenerate cartilage, facilitating long-term repair and function.
- Promotes Cartilage Regeneration: Clinical evidence suggests that MACIe effectively aids in the reduction of pain and improvement in knee function and mobility for patients with cartilage defects.
Clinical Applications:
MACIe is particularly beneficial for athletes and individuals who engage in active lifestyles but suffer from knee injuries, offering a potential return to regular activities without the extensive downtime associated with traditional surgery.
Epicele (Permanent Skin Replacement Product)
Overview:
Epicele serves as a permanent skin replacement option for patients suffering from deep dermal or full-thickness burns. The product is developed using a small biopsy from the patient’s healthy skin. This biopsy is processed in a laboratory to generate a larger skin graft that can be used to replace severely damaged skin areas.
Key Features:
- Lab-Grown Skin Graft: By utilizing the patients own skin, Epicele not only minimizes the risk of rejection but also enhances the aesthetic appearance of the healed area, leading to improved patient satisfaction.
- Scarring Reduction: Epicele is designed to improve healing outcomes significantly while reducing the likelihood of excessive scarring, a common concern for burn patients.
- Permanent Solution: Unlike temporary dressings, Epicele provides a lasting solution that promotes skin regeneration and integrity.
Clinical Applications:
Epicele is especially valuable for burn victims, enabling them to undergo effective treatment that reduces both physical and psychological burdens associated with visible scars and skin damage.
Services
In addition to its primary product offerings, Vericel provides a robust suite of services aimed at supporting patients and healthcare professionals. These services enhance the overall experience and effectiveness of the therapies provided:
- Patient Education and Support Programs: Vericel offers resources to educate patients about their conditions and the treatment process, as well as support networks to help navigate their recovery journey.
- Reimbursement Assistance: Understanding the complexities of insurance processes, Vericel provides assistance to ensure patients can access their prescribed therapies without undue financial burden.
- Clinical Support Services: The company offers training and educational opportunities for healthcare professionals to ensure they are well-equipped to utilize Vericel’s products effectively in their practice. This is crucial for optimizing patient outcomes.
- Research and Development Initiatives: Vericel is committed to continuous innovation, engaging in ongoing clinical trials to explore new applications, enhance existing products, and develop novel therapeutic options.
Commitment to Patients
Overall, Vericel Corporation is dedicated to improving the lives of patients through cutting-edge biopharmaceutical innovations and a comprehensive support system. The companys dual focus on product efficacy and patient-centered services exemplifies its commitment to advancing healthcare solutions for individuals facing severe medical challenges. Through MACIe and Epicele, along with the array of ancillary services, Vericel aims to foster healing, mobility, and quality of life for patients in need.
Segments and Products
1. MACIe (Autologous Cellularized Matrix Product)
Overview:
MACIe is a sophisticated cellular therapy designed to treat symptomatic, full-thickness cartilage defects in the knee. This innovative product utilizes a patient’s own cells (autologous chondrocytes), which are cultured and expanded in a laboratory setting. These cultured cells are then combined with a biocompatible 3D scaffold to create a matrix that can be implanted in the damaged area of the knee.
Key Features:
- Autologous Chondrocytes: MACIe is made from the patients own cells, minimizing the risk of immune rejection and promoting better integration with existing tissue.
- 3D Biomaterial Scaffold: The scaffold provides a supportive environment for the chondrocytes to grow and regenerate cartilage, facilitating long-term repair and function.
- Promotes Cartilage Regeneration: Clinical evidence suggests that MACIe effectively aids in the reduction of pain and improvement in knee function and mobility for patients with cartilage defects.
Clinical Applications:
MACIe is particularly beneficial for athletes and individuals who engage in active lifestyles but suffer from knee injuries, offering a potential return to regular activities without the extensive downtime associated with traditional surgery.
Epicele (Permanent Skin Replacement Product)
Overview:
Epicele serves as a permanent skin replacement option for patients suffering from deep dermal or full-thickness burns. The product is developed using a small biopsy from the patient’s healthy skin. This biopsy is processed in a laboratory to generate a larger skin graft that can be used to replace severely damaged skin areas.
Key Features:
- Lab-Grown Skin Graft: By utilizing the patients own skin, Epicele not only minimizes the risk of rejection but also enhances the aesthetic appearance of the healed area, leading to improved patient satisfaction.
- Scarring Reduction: Epicele is designed to improve healing outcomes significantly while reducing the likelihood of excessive scarring, a common concern for burn patients.
- Permanent Solution: Unlike temporary dressings, Epicele provides a lasting solution that promotes skin regeneration and integrity.
Clinical Applications:
Epicele is especially valuable for burn victims, enabling them to undergo effective treatment that reduces both physical and psychological burdens associated with visible scars and skin damage.
Services
In addition to its primary product offerings, Vericel provides a robust suite of services aimed at supporting patients and healthcare professionals. These services enhance the overall experience and effectiveness of the therapies provided:
- Patient Education and Support Programs: Vericel offers resources to educate patients about their conditions and the treatment process, as well as support networks to help navigate their recovery journey.
- Reimbursement Assistance: Understanding the complexities of insurance processes, Vericel provides assistance to ensure patients can access their prescribed therapies without undue financial burden.
- Clinical Support Services: The company offers training and educational opportunities for healthcare professionals to ensure they are well-equipped to utilize Vericel’s products effectively in their practice. This is crucial for optimizing patient outcomes.
- Research and Development Initiatives: Vericel is committed to continuous innovation, engaging in ongoing clinical trials to explore new applications, enhance existing products, and develop novel therapeutic options.
Commitment to Patients
Overall, Vericel Corporation is dedicated to improving the lives of patients through cutting-edge biopharmaceutical innovations and a comprehensive support system. The companys dual focus on product efficacy and patient-centered services exemplifies its commitment to advancing healthcare solutions for individuals facing severe medical challenges. Through MACIe and Epicele, along with the array of ancillary services, Vericel aims to foster healing, mobility, and quality of life for patients in need.
