ZivaSkin Commercial Launch Progress
Patient demand for ZivaSkin is increasing, with product order forms received for 12 patients. The number of identified eligible patients at qualified treatment centers has more than doubled to approximately 30.
Expansion of Qualified Treatment Centers
Children's Hospital Colorado has been added as a new qualified treatment center, bringing the total to three. Discussions are ongoing with other centers to expand the network further.
Strong Market Access for ZivaSkin
Positive coverage decisions from major commercial and government payers have been secured, covering over 80% of commercially insured lives. ZivaSkin has baseline coverage across all state Medicaid programs, and a permanent product J code will be effective from January 2026.
Financial Stability
The company has a robust cash position of $207.5 million, expected to fund operations for over two years without anticipated revenue from ZivaSkin. The net loss decreased significantly to $5.2 million from $30.3 million in the previous year.
Pipeline Advancements
The company's gene therapy program for X-linked retinoschisis is part of the FDA Rare Disease Endpoint Advancement pilot program. Additionally, Dr. James A. Gao has been appointed as Senior Vice President, Head of Clinical Development and Medical Affairs.