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Lifecore Biomedical Inc - LFCR STOCK NEWS

Welcome to our dedicated page for Lifecore Biomedical news (Ticker: LFCR), a resource for investors and traders seeking the latest updates and insights on Lifecore Biomedical stock.

Overview

Lifecore Biomedical Inc. (LFCR) is a fully integrated contract development and manufacturing organization (CDMO) that specializes in the development, fill, and finish of sterile injectable pharmaceutical products across varied packaging types including syringes and vials. With a rich legacy of over four decades in the industry, Lifecore offers advanced manufacturing and fermentation capabilities, catering to biopharmaceutical and biotechnology companies with precision and compliance.

Core Business Areas

Lifecore operates primarily through two major segments: CDMO services and fermentation. In the CDMO segment, the company provides comprehensive solutions from process development through aseptic filling and final packaging, ensuring adherence to rigorous FDA regulations. The fermentation segment focuses on the production of high-quality, injectable-grade hyaluronic acid, leveraging sophisticated bioprocesses to meet market demands.

Technical Expertise and Capabilities

The company employs state-of-the-art manufacturing technologies and stringent aseptic processing protocols to guarantee product integrity. Its technical expertise is reflected in its ability to execute complex sterile processing, which includes:

  • Development: Tailoring custom formulations and manufacturing processes to meet specific client needs.
  • Fill and Finish: Utilizing advanced aseptic techniques to ensure the final sterile product maintains uncompromised quality.
  • Fermentation: Applying specialized bioprocessing methods for the production of premium, injectable-grade hyaluronic acid.

Industry Position and Operational Excellence

Operating within the competitive biopharmaceutical and biotechnology sectors, Lifecore plays an essential role as a trusted manufacturing partner. Its commitment to excellence is reinforced by decades of hands-on experience and a robust quality management system that aligns with the most stringent regulatory standards. This operational excellence not only secures client trust but also positions the company as a critical contributor to the production of essential therapeutic products.

Competitive Differentiation

Lifecore distinguishes itself through its integrated approach combining specialized CDMO services with advanced fermentation capabilities. This dual-focus business model enables the company to deliver customized, high-quality solutions that address the complexities of sterile injectable production. Its deep technical knowledge, commitment to regulatory compliance, and extensive industry experience contribute to a competitive advantage that is both sustainable and well-recognized in the marketplace.

Expertise and Compliance

At the heart of Lifecore's operations lies an unwavering commitment to quality and compliance. The company adheres to rigorous FDA regulations and leverages advanced quality control protocols across both its CDMO and fermentation processes. This meticulous approach to manufacturing not only safeguards patient safety but also reinforces Lifecore's reputation as a reliable partner for companies in need of specialized pharmaceutical production services.

Conclusion

In essence, Lifecore Biomedical Inc. is a cornerstone in the pharmaceutical manufacturing landscape, offering specialized CDMO services and advanced fermentation processes. Its ability to consistently deliver high-quality sterile injectable products and its comprehensive approach to manufacturing and regulatory compliance make it a valuable entity within the biopharmaceutical industry.

Rhea-AI Summary

Lifecore Biomedical (NASDAQ: LFCR) reported Q3 fiscal 2025 financial results with revenues of $35.2 million, down 2% from $35.7 million in the prior year period. The company recorded a net loss of $14.8 million ($0.47 per share) compared to net income of $15.6 million in Q3 2024.

Key developments include:

  • Multiple new development agreements signed with new and existing customers
  • Sale of unused filler equipment for $17 million, strengthening balance sheet
  • Adjusted EBITDA of $5.7 million, down from $6.4 million year-over-year
  • Gross profit decreased to $9.8 million from $11.9 million

The company maintained its fiscal 2025 guidance, expecting revenue of $126.5-130 million and Adjusted EBITDA of $19-21 million.

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Lifecore Biomedical (NASDAQ: LFCR), a contract development and manufacturing organization (CDMO), has scheduled its third quarter fiscal 2025 financial results announcement for Thursday, April 3, 2025, after market close.

The company's senior management team will host a webcast at 4:30 p.m. Eastern Time to discuss the quarterly results and recent corporate developments. The webcast will be accessible through Lifecore's Investor Events & Presentations webpage, with an archived version available for 30 days following the live presentation.

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Lifecore Biomedical (NASDAQ: LFCR) has been selected by Humanetics to provide CDMO services for the development of BIO 300, a novel radioprotective agent. The collaboration focuses on preventing acute radiation syndrome, with development funded by the Department of Defense.

Under the agreement, Lifecore will handle technology transfer of the fill and finish process for BIO 300, including formulation development, gap assessment, and pilot batch filling. The company will also conduct analytical method work and feasibility assessments for future development.

BIO 300 is currently in late-stage clinical development for multiple applications, including:

  • Mitigation of impaired pulmonary function in COVID-19 patients
  • Protection of cancer patients from radiation therapy side effects
  • Prevention of acute radiation syndrome for warfighters, First Responders, and civilians

The project is supported by a $5,132,520 award from the Department of Defense's Peer Reviewed Medical Research Program.

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Lifecore Biomedical (NASDAQ: LFCR), a fully integrated contract development and manufacturing organization (CDMO), has announced its participation in three major upcoming conferences in March 2025.

The company will participate in the TD Cowen 45th Annual Health Care Conference in Boston (March 3-5), where CEO Paul Josephs will deliver a corporate presentation on March 4. Additionally, Lifecore will attend the KeyBanc Capital Markets Healthcare Forum (March 18-19) virtually, featuring a fireside chat with Mr. Josephs on March 19.

The company will also participate in DCAT Week 2025 in New York (March 17-20), engaging with current and prospective customers. A live webcast of the TD Cowen presentation will be available on Lifecore's investor website, with a replay accessible post-conference.

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Lifecore Biomedical (NASDAQ: LFCR), a fully integrated contract development and manufacturing organization (CDMO), has announced its participation in the 2025 BIO CEO & Investor Conference. The event will be held on February 10-11, 2025, in New York, NY.

The company's management team, including Paul Josephs, chief executive officer, and Ryan Lake, chief financial officer, will engage in one-on-one meetings during the conference. This participation demonstrates Lifecore's commitment to investor relations and market engagement.

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Lifecore Biomedical (NASDAQ: LFCR) has announced a special stockholder meeting scheduled for April 10, 2025, to vote on removing the Convertible Preferred Stock Exchange Cap. This cap currently limits the conversion of Series A Preferred Stock to 19.99% of outstanding common stock prior to the issuance.

The proposal, if approved, would allow for potential conversion of Convertible Preferred Stock into a maximum of 6,056,284 shares of common stock based on the current conversion price. The meeting aligns with the terms of the January 9, 2023 Purchase Agreement. Stockholders of record as of February 18, 2025, will be eligible to vote.

The company emphasized that no holders have yet converted their preferred shares to common stock, and Lifecore currently has no plans to raise additional equity capital. A preliminary proxy statement will be filed with the SEC, followed by a definitive proxy statement with detailed meeting information.

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Lifecore Biomedical (NASDAQ: LFCR) has announced the sale of its unused 10-head isolator filler for $17 million to a non-competitive buyer. The company received $7 million upfront, with the remaining amount to be paid in three installments over the next 18 months.

This strategic move follows the recent installation of a high-speed 5-head filler, which has doubled the company's available capacity. The new equipment supports up to $300 million in annual revenue, sufficient for Lifecore's mid-term and long-term growth objectives. The company is currently engaging with customers to utilize the new 5-head filler's speed and aseptic isolation capabilities.

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Lifecore Biomedical (NASDAQ: LFCR), a fully integrated contract development and manufacturing organization (CDMO), has announced its participation in the 43rd Annual J.P. Morgan Healthcare Conference. The conference is scheduled to take place from January 13-16, 2025, in San Francisco, California.

The company's management team, including Paul Josephs, chief executive officer, and Ryan Lake, chief financial officer, will be conducting one-on-one meetings during the conference. This participation represents an important opportunity for Lifecore to engage with healthcare industry stakeholders and investors.

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Lifecore Biomedical (NASDAQ: LFCR) reported Q2 fiscal 2025 results with revenues of $32.6 million, up 8% year-over-year. The company recorded a net loss of $6.6 million ($0.25 per share) compared to net income of $14.2 million in the prior year period. Adjusted EBITDA increased to $6.5 million from $5.4 million.

Key developments include signing two new project agreements, completing installation of a high-speed multi-purpose 5-head isolator filler that doubles capacity, and strengthening the balance sheet through a $24.3 million private placement and favorable restructuring of the BMO credit facility. Gross profit improved to $11.1 million, while operating expenses increased primarily due to higher stock-based compensation and professional fees.

The company regained Nasdaq compliance and made several key leadership appointments, including a new CFO and executives in operations, HR, and quality services.

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Lifecore Biomedical (NASDAQ: LFCR), a contract development and manufacturing organization (CDMO), has scheduled its second quarter fiscal 2025 financial results announcement for January 2, 2025, after market close. The company's senior management will host a webcast at 4:30 p.m. Eastern Time to discuss the quarterly results and recent corporate developments. The webcast will be accessible through Lifecore's investor relations website, with a replay available for at least 14 days following the live presentation.

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FAQ

What is the current stock price of Lifecore Biomedical (LFCR)?

The current stock price of Lifecore Biomedical (LFCR) is $5.29 as of April 4, 2025.

What is the market cap of Lifecore Biomedical (LFCR)?

The market cap of Lifecore Biomedical (LFCR) is approximately 262.9M.

What is Lifecore Biomedical Inc.'s primary business?

Lifecore Biomedical Inc. operates as a fully integrated CDMO, focusing on the development, fill, and finish of sterile injectable pharmaceutical products along with fermentation-based production of hyaluronic acid.

What are the main segments of the company's operations?

The company operates through two main segments: CDMO services for sterile injectable products and fermentation processes that produce injectable-grade hyaluronic acid.

How does Lifecore ensure product quality?

Lifecore implements advanced aseptic processing techniques and maintains rigorous quality control systems aligned with FDA regulations to ensure the safety and efficacy of its products.

Who are Lifecore's typical clients?

Lifecore serves global and emerging biopharmaceutical and biotechnology companies that require specialized contract development and manufacturing solutions for sterile injectables.

What distinguishes Lifecore in the competitive biopharma market?

Its integrated approach combining specialized CDMO services with sophisticated fermentation capabilities, along with decades of industry expertise and compliance with rigorous regulatory standards, sets Lifecore apart.

What kinds of products does Lifecore manufacture?

The company manufactures sterile injectable pharmaceutical products, including complex formulations in syringes and vials, as well as high-quality, injectable-grade hyaluronic acid.

How long has Lifecore been active in this industry?

Lifecore boasts over 40 years of experience, which is reflected in its extensive expertise in CDMO services and fermentation processes for sterile injectables.

What regulatory standards does Lifecore adhere to?

The company strictly follows FDA regulations and employs stringent quality assurance protocols to ensure its manufacturing processes meet high compliance and safety standards.
Lifecore Biomedical Inc

Nasdaq:LFCR

LFCR Rankings

LFCR Stock Data

262.88M
36.70M
4.52%
73.6%
6.45%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
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United States
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