BioStem Technologies Retains Clinical Research Industry Veteran Nick McCoy to Lead DFU and VLU trials for BioREtain Allografts

POMPANO BEACH, Fla., April 30, 2024 (GLOBE NEWSWIRE) -- BioStem Technologies Inc. (OTC: BSEM), a leading regenerative medicine company focused on the development, manufacture, and commercialization of placental-derived tissue allografts for advanced wound care, today announced that it has retained the services of Mr. Nick McCoy, who will lead BioStem’s Diabetic Foot Ulcer (DFU) and Venous Leg Ulcer (VLU) clinical trials process as a consultant to the Company.

BioStem’s clinical focus on completing these studies proactively addresses a continually changing reimbursement landscape where future requirements for skin substitutes by MACs (Medicare Administrative Contractors) will require clinical data to support product efficacy and will be necessary for coverage.

“We are delighted to welcome Nick to the BioStem team and eager for him to lead our Clinical Operations efforts. His leadership and deep experience will allow us to accelerate completion of current and new patient trials to show real-world benefits using BioStem’s BioREtain products,” said Jason Matuszewski, CEO of BioStem Technologies. “Conducting clinical trials targeting key patient populations with diabetic foot ulcers and venous leg ulcers is part of our short-term strategy to ensure patient access. The data retrieved from these studies will facilitate product adoption across all sites of service nationwide. Nick will be instrumental in planning and executing these clinical trials,” said Matuszewski.

Mr. McCoy is an experienced clinical research professional with a demonstrated history working in the pharmaceutical, biotechnology and medical device industries. His experience spans multiple therapeutic areas and all phases of clinical research. Prior to consulting to BioStem, Mr. McCoy served at Palisade Bio, Inc., where he established the company’s clinical operations team, managed clinical development and strategic plans, and oversaw multiple clinical trials ranging from phases I-III. Prior to his time at Palisade Bio, he spent six years at TissueTech, Inc. as the Vice President of Clinical Operations, overseeing clinical programs focused on regenerative medicine in wound management, osteoarthritis, and ocular disease.