Tissue Regenix reaches US milestone
20 Jan 2016
Tissue Regenix Group plc the regenerative medical devices company has announced its dCELL® woundcare product DermaPure® has now surpassed the $1m sales mark, following its commercialisation in the US. DermaPure® was issued the Medicare ‘Q’ code for reimbursement in November 2014, which became effective as of January 1st 2015, and is now available to almost 65% of Medicare beneficiaries, spanning 31 states.
The product is primarily aimed at the treatment of chronic wounds associated with diabetes. Approximately 10% of the American population are currently suffering from Type I or Type 2 diabetes, making the prevalence of hard to heal wounds, a common side effect of the disease, increase rapidly. In addition, DermaPure® is being used in a number of other varied clinical settings, treating conditions from pressure ulcers to frostbite. It is expected that Tissue Regenix, Woundcare Inc. will now develop this same dCELL® technology into products addressing other applications.
Greg Bila, President of Tissue Regenix Woundcare, Inc. commented:
“Since launch in 2014, the uptake of DermaPure® within a competitive marketplace has been highly encouraging and we are thrilled to announce the first $1m of sales. We are finding that it is the intrinsic qualities of DermaPure® which make it effective and differentiate it from other products available. Unlike cell based products, DermaPure® signals the body to redirect the patient’s own cells to the affected area, allowing the body to regenerate healthy tissue. I would like to thank our clinical affairs and sales teams, whose hard work has allowed us to reach this milestone, and look forward to seeing continued momentum in the coming year.”