Comment on proposed draft Local Coverage Determinations (LCDs) on skin substitutes

London, UK, 26 April – Convatec, a leading medical products and technologies company, notes the start of a forty-five day public consultation period with respect to the newly proposed draft Local Coverage Determinations (LCDs) “Skin Substitute Grafts / Cellular and Tissue-Based Products for the Treatment of Diabetic Foot Ulcers and Venous Leg Ulcers”.

As we have previously noted, the reimbursement environment in this segment is dynamic. Last year, a similar process resulted in no change in coverage. This is the beginning of a new LCD process and there is no certainty as to the timing or outcomes that may or may not result.

Convatec will actively engage with all relevant parties over the course of the consultation period. We seek an outcome that preserves choice for clinicians treating chronic wounds and is in the best interest of patients.

We are confident in the clinical efficacy of our InnovaMatrix® platform and continue to build our clinical evidence portfolio. Clinicians and patients have experienced first-hand the positive impact InnovaMatrix® products have on chronic wounds.

Contacts

Analysts & Investors	Sheebani Chothani, Director of Investor Relations	+44 (0) 7805 011046 ir@convatec.com
Media	Buchanan: Charles Ryland / Chris Lane	+44 (0)207 466 5000

About Convatec
Pioneering trusted medical solutions to improve the lives we touch: Convatec is a global medical products and technologies company, focused on solutions for the management of chronic conditions, with leading positions in advanced wound care, ostomy care, continence care and infusion care. With around 10,000 colleagues, we provide our products and services in almost 100 countries, united by a promise to be forever caring. Our solutions provide a range of benefits, from infection prevention and protection of at-risk skin, to improved patient outcomes and reduced care costs. Convatec’s revenues in 2023 were over $2 billion. The company is a constituent of the FTSE 100 Index (LSE:CTEC). To learn more about Convatec, please visit http://www.convatecgroup.com

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