Tissue Regenix Group PLC Preliminary Decision to Approve "Q" Code Request (7574H)
May 22 2014 - 2:02AM
UK Regulatory
TIDMTRX
RNS Number : 7574H
Tissue Regenix Group PLC
22 May 2014
Tissue Regenix Group plc
Tissue Regenix Receives Preliminary Decision to Approve "Q" Code
Request for DermaPure(TM) Reimbursement in US
YORK, 22 May 2014 - Tissue Regenix Group plc (AIM:TRX) ("Tissue
Regenix" or "the Group"), the regenerative medical devices company,
has received a preliminary positive decision from the Centers for
Medicare & Medicaid Services ("CMS") in the US for the
assignment of a permanent Healthcare Common Procedure Coding System
(HCPCS) Q-code for DermaPure(TM).
The assignment of unique Q-code will enable wound care clinics,
ambulatory surgical centres and hospital outpatient facilities
located outside the acute care hospitals to apply for reimbursement
under Medicare for patients who are treated using DermaPure(TM).
The decision will allow greater access to DermaPure(TM) for
clinicians and provide an advanced treatment for wound care
patients with chronic and acute wounds. It is anticipated that the
Q-code would be available starting in January 2015.
Tissue Regenix's DermaPure(TM) works by taking human donor skin
and removing the DNA and cells, using the patented dCELL(R) process
to leave a natural biological receptive scaffold that can be placed
in the wound to aid healing by attracting the patient's own cells
to the wound area.
A trial in the UK by NHS Blood and Transplant ('NHSBT') with the
University Hospital of South Manchester has shown that patients who
have had chronic wounds for an average of 4 1/2 years and who were
treated with a single application of Tissue Regenix' DermaPure(TM)
have seen an 87% reduction in the size of all wounds, while 60% of
patients were completely healed, with virtually no recurrences.
Most of the current chronic wound treatments in the US require
multiple applications to be effective.
DermaPure(TM) can be easily administered in hospital and/or
community settings, such as GP clinics, and is stored at room
temperature, requiring no rehydration before use or expensive
refrigerated storage.
Greg Bila, President of Tissue Regenix Wound Care Inc.
commented: "This is an important step forward in ensuring that
DermaPure(TM) can be used by the widest possible number/type of
patients in the US and we remain on track to launch the product in
H1 2014."
Tissue Regenix has offices in the UK and US and is concentrated
on the global commercialisation of its dCELL(R) technology.
ENDS
For Further Information
Tissue Regenix Group Plc: +44 19 0443 5176
Antony Odell
Ian Jefferson
Jefferies International Ltd: +44 20 7029 8000
Simon Hardy
Harry Nicholas
Newgate Communications: +44 207 6806550
Andrew Adie
Andrew Jones
About Tissue Regenix
Tissue Regenix is a leading medical devices company in the field
of regenerative medicine. The company's patented decellularisation
('dCELL(R)') technology removes DNA and other cellular material
from animal and human tissue leaving an acellular tissue scaffold
which is not rejected by the patient's body which can then be used
to repair diseased or worn out body parts. The potential
applications of this process are diverse and address many critical
clinical needs such as vascular disease, heart valve replacement
and knee repair.
Tissue Regenix was formed in 2006 when it was spun-out from the
University of Leeds. The company commercialises academic research
conducted by our partners around the World.
In November 2012 Tissue Regenix Group plc set up a subsidiary
company in the United States- 'Tissue Regenix Wound Care Inc.', as
part of its commercialisation strategy for its dCELL(R) technology
platform.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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