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March 10, 2014
07:30 EDTBONEBacterin secures additional OrbiMed financing
Bacterin International Holdings announced the closing of an additional $4M financing from OrbiMed. The additional $4M was provided on the same terms as the $20M term loan the company received in August of 2012. In conjunction with the financing, Bacterin agreed to issue 1.5 million shares of common stock to an affiliate of OrbiMed. The proceeds will be used by the company for working capital and general corporate purposes.
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April 28, 2015
07:39 EDTBONEBacterin receives coverage from MAC for hMatrix
Bacterin International Holdings announced that its Acellular Dermal Matrix allograft, hMatrix, has received coverage from Novitas Solutions, a Medicare Administrative Contractor, or "MAC". Novitas is one of eight MACs that are responsible for processing Medicare claims in one or more of twelve geographic areas, or "jurisdictions," in the United States. In addition to processing claims, each MAC is also responsible for issuing local coverage determinations that specify which health care products and services are reimbursable through the Medicare Fee-for-Service program in the regions under its jurisdiction.

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