Tissue Regenix Group PLC Further Medicare Coverage for DermaPure® (4730R)
March 09 2016 - 2:00AM
UK Regulatory
TIDMTRX
RNS Number : 4730R
Tissue Regenix Group PLC
09 March 2016
Tissue Regenix Group plc
Further Medicare Coverage for DermaPure(R)
York, 9 March 2016 - Tissue Regenix Group (AIM:TRX) ("Tissue
Regenix" or "The Group") the regenerative medical devices company
announces that Tissue Regenix Wound Care, Inc. has secured further
Medicare coverage for DermaPure(R).
DermaPure(R), a decellurised human dermis, used for the
treatment of chronic and acute wounds in both inpatient and
outpatient settings will now be available for reimbursement under
Wisconsin Physicians Service Insurance Corporation ('WPS'), a
Medicare administrator whose jurisdictions cover Iowa, Kansas,
Missouri, Nebraska, Indiana and Michigan, comprising a further 4.4m
Medicare beneficiaries and bringing DermaPure(R) Medicare coverage
to 74%.
Since being granted a Medicare 'Q' code for reimbursement, which
came into effect on January 1(st) 2015, DermaPure(R) has now
secured coverage from 9 of the 11 Medicare administrators.
Medicare, a federal insurance programme for the over 65s,
subsidises costs for healthcare treatments through a reimbursement
programme. However, in order to qualify for this subsidy, the
treatment must initially be approved under the relevant Medicare
jurisdiction often determined by geographic area.
DermaPure(R) sales surpassed the $1m mark, proving that the
Group's hybrid commercialisation model, adopting both direct sales
and distributors, is quickly gathering momentum.
Patti Gary, Vice President Clinical Affairs, Tissue Regenix
Wound Care, Inc. commented: 'We are extremely pleased to announce
this further Medicare coverage for DermaPure(R). The clinical
results that we have seen, to date, have been outstanding and we
are delighted that it will now be accessible to additional Medicare
beneficiaries. In the coming months we are committed to gaining
coverage in the remaining Medicare jurisdictions and also expanding
our availability throughout the private insurer groups. With an
estimated 29m diabetes sufferers within the US, we remain committed
to bringing DermaPure(R) to as many patients as possible."
For more Information:
Tissue Regenix Group plc Tel: 01904
Caitlin Pearson Corporate Communications 567 609
Officer
========================================== ===========
Jefferies International Ltd Tel: 020
Simon Hardy / Harry Nicholas 7029 8000
========================================== ===========
Tulchan Communications Tel: 020
James Macey-White / Matt Low 7353 4200
========================================== ===========
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
REAJPMMTMBAMTPF
(END) Dow Jones Newswires
March 09, 2016 02:00 ET (07:00 GMT)
Tissue Regenix (LSE:TRX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Tissue Regenix (LSE:TRX)
Historical Stock Chart
From Sep 2023 to Sep 2024