Tissue Regenix Group Plc Addressing woundcare in the US

Hardman & Co ReportTissue Regenix Group Plc (LON:TRX) has a broad portfolio of regenerative medicine products developed from decellularised human and porcine tissues for the wound care, orthopaedics, and cardiac markets. Sales of DermaPure have continued to gain traction in the US following launch in 2014 – growth in 1H 2016 was +128%. Since launch, the focus has been on expanding Medicare coverage, but recent news has been about increasing access into both in- and out-patient populations through GPOs and the Veterans Association. This further strengthens DermaPure’s commercial position, in line with the company’s strategy, and underpins our forecasts for fiscal 2017.
Strategy: To build a regenerative medicine business with a portfolio of products using the dCELL platform, underpinned by compelling clinical and economic outcomes designed to drive higher adoption rates, whilst retaining the strategic and corporate flexibility that the three therapeutic corporate entities provide.

Patient coverage: Over the last 12 months, TRX has been increasing steadily the number of US states where DermaPure is eligible for Medicare reimbursement: it is covered in 47 states, representing 93% of traditional Medicare out-patient beneficiaries. Now, DermaPure is also reaching in-patients via GPO contracts.

US Federal Supply Schedule: Recently, DermaPure has been added to the US Department of Veteran Affairs Federal Supply Schedule (FSS), via the Veteran’s Health Medical Supply with whom it has a distribution agreement. Veterans comprise a large segment of the wound care market – ca.25% have diabetes – and the FSS covers almost nine million people.

Innovative Technology Contract: Availability of DermaPure has also been enhanced through the award of an Innovation Technology contract from Vizient, the largest member-owned healthcare company in the US. Such awards are reserved for new technologies that are proven to improve clinical outcomes.

Conclusion: Recent news has all been positive for Tissue Regenix Group Plc DermaPure. The last 12 months has been characterised by maximising availability of the product in the US market, initially targeting Medicare coverage, which now stands at 93%. Latterly, further expansion to in- and out-patient populations has been accompanied by technology awards. DermaPure enters fiscal 2017 on a very strong footing.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Hardman & Co

    More articles like this

    Hardman & Co

    Tissue Regenix: Turning profitable and cash-generative

    Tissue Regenix Group plc (LON:TRX) is focused on the development and commercialisation of two proprietary processing technologies for the repair of soft tissue (dCELL®) and bone (BioRinse®). It has a broad portfolio of regenerative medicine products

    Hardman & Co

    Tissue Regenix: Operating leverage

    Tissue Regenix Group plc (TRX) is focused on the development and commercialisation of two proprietary processing technologies for the repair of soft tissue (dCELL) and bone (BioRinse). It has a broad portfolio of regenerative medicine products for

    Hardman & Co

    Tissue Regenix: Strong 1H’22 sales suggest upside potential

    Tissue Regenix Group plc (LON:TRX) is focused on the development and commercialisation of two proprietary processing technologies for the repair of soft tissue (dCELL) and bone (BioRinse). It has a broad portfolio of commercial regenerative medicine

    Hardman & Co

    Tissue Regenix: On pathway to sustainability

    Tissue Regenix Group plc (LON:TRX) is focused on the development and commercialisation of two proprietary processing technologies for the repair of soft tissue (dCELL) and bone (BioRinse). It has a broad portfolio of commercial regenerative medicine

    Hardman & Co

    Tissue Regenix: Faster-than-anticipated recovery

    Tissue Regenix Group plc (LON:TRX) is focused on the development and commercialisation of two proprietary processing technologies for the repair of soft tissue (dCELL) and bone (BioRinse). It has a broad portfolio of marketed regenerative medicine

    Hardman & Co

    Tissue Regenix Poised for Growth (Analyst Interview)

    Tissue Regenix Group Plc (LON:TRX) is the topic of conversation when Dr Martin Hall, Analyst at Hardman & Co joined DirectorsTalk. Martin gives us a reminder of what Tissue Regenix does, discusses the poor operating performance,

    Hardman & Co

    Tissue Regenix: Poised for growth

    Tissue Regenix Group plc (LON:TRX) is focused on the development and commercialisation of two proprietary processing technologies for the repair of soft tissue (dCELL) and bone (BioRinse). It has a broad portfolio of marketed regenerative medicine

    Hardman & Co

    Tissue Regenix Group: Funded through to profitability

    Tissue Regenix Group plc (LON:TRX) is focused on the development and commercialisation of two proprietary decellularisation technologies for repair of soft tissue (dCELL) and bone (BioRinse). It has a broad portfolio of approved regenerative medicine products

    Hardman & Co

    Tissue Regenix Restructured to satisfy product demand

    Tissue Regenix Group (LON:TRX) has a broad portfolio of regenerative medicine products for the biosurgery, orthopaedics, dental and cardiac markets. It has two proprietary decellularisation technology platforms for repair of soft tissue (dCELL) and bone (BioRinse).

    Hardman & Co

    Tissue Regenix Credit facilities expand cash runway to 2021

    Tissue Regenix (LON: TRX) has a broad portfolio of regenerative medicine products for the biosurgery, orthopaedics, dental and cardiac markets. It has two proprietary decellularisation technology platforms for repair of soft tissue (dCELL) and bone (BioRinse).

    Hardman & Co

    Tissue Regenix Expanded GPO coverage secured

    Tissue Regenix (LON:TRX) has a broad portfolio of regenerative medicine products for the biosurgery, orthopaedics, dental and cardiac markets. It has two proprietary decellularisation technology platforms for the repair of soft tissue (dCELL) and bone (BioRinse).

    Hardman & Co

    Tissue Regenix 2018 in review: foundations laid for osteobiologics

    Tissue Regenix (LON:TRX) has a broad portfolio of regenerative medicine products for the biosurgery, orthopaedics, dental and cardiac markets. It has two proprietary decellularisation technology platforms for the repair of soft tissue (dCELL) and bone (BioRinse).