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Bioventus Agrees to Nationwide Contract with Aetna™ Medicare Advantage Plans for DUROLANE for Knee Osteoarthritis

Key Takeaway: Bioventus Inc. has secured a nationwide contract with Aetna Medicare Advantage plans, allowing over 3 million members access to DUROLANE for knee osteoarthritis treatment starting January 1, 2024. DUROLANE is a single-injection hyaluronic acid treatment that offers pain relief for patients with knee OA. The agreement positions DUROLANE as a preferred option for both Aetna members and physicians, enhancing the company's commitment to providing safe and effective treatment solutions.

Market Sentiment Analysis

POSITIVE FACTORS

  • Agreement with Aetna provides access to DUROLANE for over 3 million members.
  • DUROLANE is a proven treatment for knee osteoarthritis pain.
  • Strong commitment to high quality standards and evidence-based medicine.
  • Expected to help patients resume active lives.

Full Press Release Details

DURHAM, N.C., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Bioventus Inc. (Nasdaq: BVS) (“Bioventus” or the “Company”), a global leader in innovations for active healing, has agreed to a nationwide contract with Aetna™ Medicare Advantage plans. Beginning January 1, 2024, over 3 million Aetna™ Medicare Advantage plan members will have access to DUROLANE to treat knee osteoarthritis (OA) pain. DUROLANE, is a single-injection hyaluronic acid (HA)-based joint-fluid treatment for patients. DUROLANE will be one of two single-injection HA products under contract.
OA involves the breakdown, or degeneration, of cartilage and the synovial fluid that cushions and lubricates joint tissues. Injection treatments of HA-based products, such as DUROLANE, help manage knee OA pain.
“We are pleased DUROLANE is among the preferred options available to both Aetna™ Medicare Advantage members and physicians,” said Anthony Doyle, General Manager, Pain Treatments and Restorative Therapies for Bioventus. “Both now have access to a safe HA product that is proven to provide relief from knee OA pain.”
Bioventus delivers clinically proven, cost-effective products that help people heal quickly and safely. Its mission is to make a difference by helping patients resume and enjoy active lives. The Innovations for Active Healing from Bioventus include offerings for Pain Treatments, Restorative Therapies and Surgical Solutions. Built on a commitment to high quality standards, evidence-based medicine and strong ethical behavior, Bioventus is a trusted partner for physicians worldwide. For more information, visit www.bioventus.com, and follow the Company on LinkedIn and Twitter. Bioventus and the Bioventus logo are registered trademarks of Bioventus LLC.
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Frequently Asked Questions

What is DUROLANE used for?

DUROLANE treats knee osteoarthritis pain through a single injection.

When will Aetna members access DUROLANE?

Aetna members will have access to DUROLANE starting January 1, 2024.

Who is Bioventus?

Bioventus is a global leader in active healing innovations and pain treatments.

How does DUROLANE help with OA pain?

DUROLANE's HA-based treatment manages knee osteoarthritis pain effectively.

What type of product is DUROLANE?

DUROLANE is a single-injection hyaluronic acid joint-fluid treatment.

Last updated: Dec 6, 2023