BIOSTEM TECHNOLOGIES NEW - BSEM STOCK NEWS

NovaBay Pharmaceuticals launches Avenova Allograft in the US eyecare market, expected to compete in the $403.6 million ophthalmology amniotic membrane market. The product launch follows a previously announced agreement with BioStem Technologies. NovaBay's physician-dispensed channel continues to grow, providing a strong platform for the innovative product. Avenova Allograft is available in multiple sizes and aims to improve ocular surface health. NovaBay also offers a suite of other eyecare products.

NovaBay Pharmaceuticals and BioStem Technologies announce agreement for commercialization of Amniotic Tissue Allograft

Lovell Government Services and BioStem Technologies successfully list BioStem on key government contract vehicles, expanding their reach in federal healthcare systems.

BioStem Technologies (OTCQB: BSEM) commends a recent report by the U.S. Department of Health and Human Services Office of Inspector General, highlighting the failure of the Centers for Medicare and Medicaid Services (CMS) to ensure accurate Average Sales Price (ASP) reporting for skin substitute products. The report reveals compliance issues that could affect payment accuracy. CEO Jason Matuszewski emphasizes the importance of accurate ASP reporting for patient access to effective treatments and fair reimbursement for providers. BioStem is committed to regulatory compliance and has implemented measures to ensure transparency in reporting.

BioStem Technologies Inc. (OTCQB: BSEM) announced its acquisition of the majority assets from Auxocell Laboratories, Inc., a leading manufacturer in solid tissue processing equipment. This acquisition includes all assets excluding the AUX003 patent family, which will be licensed to BioStem. The deal encompasses 45 patents and 11 trademarks related to human placental tissue applications. The acquisition aims to enhance BioStem's intellectual property portfolio and manufacturing capabilities while accelerating growth in regenerative medicine. CEO Jason Matuszewski emphasized the strategic value of Auxocell's technology in producing regenerative products without enzymatic digestion.

BioStem Technologies Inc. (OTCQB: BSEM) announced on February 14, 2023, a Share Exchange Agreement with M.W. Jens Realty Investments, LLC to acquire 10% of the issued shares of its subsidiary, Blue Tech Industries, Inc. The agreement comes after a four-year partnership aimed at developing BioStem's tissue allograft division. In exchange for the shares, BioStem will issue 500,000 new shares of its common stock. CEO Jason Matuszewski expressed commitment to the company’s direction through this agreement, highlighting its focus on regenerative therapies and innovative manufacturing processes.

BioStem Technologies Inc. (OTCQB: BSEM) has announced the appointment of Michael Sylvester as Vice President of Sales and Neal Bhattacharya as Vice President of Marketing, marking a strategic move for growth in the regenerative medicine sector. Sylvester brings over 20 years of experience in sales, having worked with notable organizations like Johnson & Johnson, while Bhattacharya has a strong marketing background with major brands such as Novartis. CEO Jason Matuszewski emphasized that this leadership enhancement aims to solidify BioStem's presence in advanced wound care and drive sales growth through effective market penetration and communication of product efficacy.

BioStem Technologies (OTCQB: BSEM) announced that the Center for Medicare Services has established national pricing for its product VENDAJE^TM, effective January 1, 2023. This change allows all Medicare providers across the U.S. to offer VENDAJE^TM for reimbursement, enhancing access for patients with non-healing lower extremity wounds. Previously, reimbursement was limited to select MAC regions. The national pricing streamlines the reimbursement process and may accelerate payment timelines. The company expressed optimism regarding payer coverage and the product's market rollout, which utilizes proprietary BioRetain processing technology.

BioStem Technologies Inc. (OTCQB: BSEM) has successfully up-listed its shares from the OTC Pink Sheet to the OTCQB Venture Market on December 16, 2022. This milestone reflects the company's commitment to transparency and corporate governance, enhancing visibility and accessibility for U.S. investors.

CEO Jason Matuszewski emphasized the significance of this achievement in expanding their shareholder base and providing value to current shareholders. BioStem specializes in placental derived biologics and aims to leverage innovative processing methods to advance regenerative therapies.