Vericel Corporation 64 Sidney Street Cambridge, MA 02139 T 617 588-5555 F 617 588-5554 www.vcel.com Vericel Announces Appointment of Lisa Wright to Board of Directors

Vericel Announces Appointment

of Lisa Wright to Board of Directors

CAMBRIDGE, Mass., June 2, 2021 (GLOBE NEWSWIRE) -- Vericel Corporation

(NASDAQ:VCEL), a leader in advanced therapies for the sports medicine and severe burn care markets, today announced the appointment of

Lisa Wright to its Board of Directors, effective immediately. Ms. Wright will serve as a member of the Governance and Nominating

Committee of the Board. With the appointment of Ms. Wright, Vericel's Board is now comprised of eight directors, seven of whom

Ms. Wright is President and Chief

Executive Officer of Community Health Choice, Inc., a managed care organization with approximately 430,000 members and a provider

community consisting of over 10,000 physicians and 100 hospitals in the greater Houston, Texas area. Previously, Ms. Wright served

as a Regional President, Medicare, at WellCare Health Plans, Inc., President of Dual Special Needs Plan, Medicare-Medicaid Plan and

Nursing Facilities at UnitedHealth Group, Inc., and in marketing programs management at Anthem, Inc. Ms. Wright currently

serves on the boards of directors of several non-profit organizations. She received a Bachelor of Arts degree in Communication from the

University of Kentucky and a Master of Business Administration from the University of Maryland, University College system.

"We are delighted to welcome Lisa to the Vericel Board of Directors,"

said Nick Colangelo, President and Chief Executive Officer of Vericel. "Lisa is a highly-experienced executive with a track record

of strong strategic, operational and financial performance across a number of leading healthcare organizations. Her extensive experience

and deep expertise in the payer and provider aspects of the healthcare system will be tremendously valuable as we continue on our strong

growth trajectory in the years ahead."

"Lisa's appointment reflects Vericel's commitment

to ensuring that we have a broad set of skills and perspectives on the Board," said Robert L. Zerbe, M.D., Chairman of the Vericel

Board of Directors. "We look forward to benefitting from her healthcare industry experience and expertise as we continue to advance

our Company's strategic and operational objectives and increase shareholder value."

About Vericel Corporation

Vericel is a leader in advanced therapies for the sports medicine and

severe burn care markets. The company markets two cell therapy products in the United States. MACI (autologous cultured

chondrocytes on porcine collagen membrane) is an autologous cellularized scaffold product indicated for the repair of symptomatic, single

or multiple full-thickness cartilage defects of the knee with or without bone involvement in adults. Epicel (cultured

epidermal autografts) is a permanent skin replacement for the treatment of patients with deep dermal or full thickness burns greater than

or equal to 30% of total body surface area. The company also holds an exclusive license for North American rights to NexoBrid ,

a registration-stage biological orphan product for debridement of severe thermal burns. For more information, please visit the company's

website at www.vcel.com.

are registered trademarks of Vericel Corporation. NexoBrid is a registered trademark of MediWound Ltd. and is used

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking

statements are subject to risks and uncertainties such as those described in Vericel's periodic reports on file with the Securities

and Exchange Commission. Actual results may differ materially from anticipated results.