Vericel Corp. (VCEL)

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Vericel Submits Biologics License Application to the FDA for MACI for the Treatment of Cartilage Defects in the Knee

CAMBRIDGE, Mass., Jan. 04, 2016 (GLOBE NEWSWIRE) -- Vericel Corporation (NASDAQ:VCEL), a leading developer of patient-specific expanded cellular therapies for the treatment of severe diseases and conditions, today announced that it has submitted a Biologics License Application (BLA) to the U.S. Food and Drug Administration for MACI™ (matrix applied characterized autologous cultured chondrocytes), the company's investigational autologous cellular product intended for the treatment of symptomatic cartilage defects of the knee in adult patients.

"The BLA submission for MACI represents an important step toward our goal of providing a new treatment option for the repair of symptomatic cartilage defects of the knee in adult patients," said David Recker, MD, chief medical officer of Vericel. "We look forward to continuing to work closely with the FDA during the BLA filing and review process for MACI in the United States."