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Vericel Company Presentation - JPMorgan Healthcare Conference January 14 2026 FINAL No Speaker Notes.pdf

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1、Advanced Therapies for the Sports Medicine&Severe Burn Care Markets 44THANNUAL J.P.MORGAN HEALTHCARE CONFERENCEJANUARY 14,2026Safe Harbor2Vericel cautions you that all statements other than statements of historical fact included in this presentation that address activities,events or developments tha

2、t we expect,believe or anticipate will or may occur in the future are forward-looking statements.Although we believe that we have a reasonable basis for the forward-looking statements contained herein,they are based on current expectations about future events affecting us and are subject to risks,as

3、sumptions,uncertainties and factors relating to our operations and business environment,all of which are difficult to predict and many of which are beyond our control.Our actual results may differ materially from those expressed or implied by the forward-looking statements in this presentation.These

4、 statements are often,but are not always,made through the use of words or phrases such as“anticipates,”“intends,”“estimates,”“plans,”“expects,”“continues,”“believe,”“guidance,”“outlook,”“target,”“future,”“potential,”“goals”and similar words or phrases,or future or conditional verbs such as“will,”“wo

5、uld,”“should,”“could,”“may,”or similar expressions.Among the factors that could cause actual results to differ materially from those set forth in the forward-looking statements include,but are not limited to,the inherent uncertainties associated with our expectations concerning revenue results for t

6、he fourth quarter and full-year ended 2025,and estimates of our net income,gross margin,adjusted EBITDA margin and cash and investments as of December 31,2025.Vericels revenue expectations for the fourth quarter and full-year ended 2025,as well as its estimates concerning net income,gross margin,adj

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1. **公司定位与财务**:Vericel是先进疗法提供商,专注运动医学与严重烧伤护理,拥有强劲财务状况(约2亿美元现金及投资),2020-2025年营收CAGR达20%,2029年目标营收5亿美元,调整后EBITDA利润率目标30%+。 2. **核心产品与市场**: - **MACI**:膝关节软骨修复市场领导者,2023年美国上市,2024年推出MACI Arthro,24%营收CAGR;潜在踝关节适应症(MASCOT研究启动),总可寻址市场(TAM)达50亿美元。 - **NexoBrid**:非手术烧伤焦痂清除产品,2023年美国上市,儿科适应症获批,美国TAM 6亿美元;Epicel(永久皮肤替代品)TAM 3亿美元。 3. **增长策略**:扩大销售团队(2026年增30%)、新制造设施支持海外扩张、临床开发(如MACI踝关节适应症),并通过战略交易提升长期价值。
**MACI增长动力?** **NexoBrid市场潜力?** **Vericel未来布局?**
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