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Longeveron LLC is a leading global regenerative medicine company developing innovative cellular therapeutics for chronic life-threatening diseases. Their lead investigational product candidate, LMSC, is based on a specialized cell known as a mesenchymal stem cell derived from the bone marrow of healthy young adult donors. The company's allogeneic, 'off-the-shelf' product is under investigation for chronic conditions of the elderly and other life-threatening diseases with no approved therapeutics currently available, including aging frailty syndrome, Alzheimer's disease, hypoplastic left heart syndrome, and the metabolic syndrome.
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Longeveron Inc. (LGVN) announces a 1-for-10 reverse stock split to increase per-share trading price and regain Nasdaq compliance. The split will convert every ten shares into one, reducing outstanding shares significantly.
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Longeveron Inc. announces 2024 strategic priorities focusing on advancing Lomecel-B™ in HLHS and Alzheimer’s disease. The company presented long-term survival data from ELPIS I trial at the American Heart Association, with additional clinical data from CLEAR MIND Phase 2a trial in Alzheimer’s disease. Financially, revenues decreased by 42% in 2023, with a gross profit decrease of 56%. General and administrative expenses increased by 40%, while research and development expenses decreased by 3%. Net loss increased by 14% in 2023. The company discontinued its Aging-related Frailty clinical trial in Japan to focus on HLHS and Alzheimer’s disease programs.
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Longeveron Inc. (LGVN) will report its 2023 financial results on February 27, 2024, followed by a conference call to discuss the results and provide a business update.
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Longeveron Inc. announces receipt of a notice of patent allowance from the United States Patent and Trademark Office for Medicinal Signaling Cells (MSCs), the technology behind its lead investigational product Lomecel-BTM. The new patent impacts patients with Aging-related Frailty receiving vaccines for conditions such as Covid and the flu, adding to the company's growing patent estate. Longeveron is conducting a trial of Aging-related Frailty in Japan and recently announced positive results from its Phase 2 Alzheimer’s disease trial. The patent covers the impact of Lomecel-BTM on favorable modulation of the immune system, which is foundational in all of Longeveron’s indications under development.
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Longeveron Inc. (NASDAQ: LGVN) announced the closing of a registered direct offering, raising approximately $2.36 million for working capital and general corporate purposes.
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Longeveron Inc. (NASDAQ: LGVN) has announced a registered direct offering priced at-the-market under Nasdaq rules, with the issuance and sale of 1,355,301 shares of common stock at $1.62 per share, as well as unregistered warrants to purchase up to 1,355,301 shares of common stock.
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Longeveron Inc. (NASDAQ: LGVN) announces new clinical data showing Lomecel-B™ improved cognitive function and quality of life in Alzheimer's patients, with MRI biomarker study data confirming therapeutic potential in the treatment of mild Alzheimer's disease.
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Longeveron Inc. (NASDAQ: LGVN NASDAQ: LGVNR) announced that extended long-term follow-up data from the ELPIS I trial of Lomecel-BTM for patients with hypoplastic left heart syndrome (HLHS) is being presented at the annual Scientific Sessions of the American Heart Association. The results show 100% survival and transplant-free status of all 10 patients for up to 5 years after receiving Lomecel-BTM during their Stage II surgery, supporting the ongoing ELPIS II trial. Lomecel-BTM has received Rare Pediatric Disease Designation, Fast Track Designation, and Orphan Drug Designation by the US FDA for the HLHS indication.
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Longeveron Inc. (NASDAQ: LGVN) announced positive top-line results from the CLEAR MIND clinical trial of Lomecel-B™ in treating mild Alzheimer’s disease, highlighting safety and efficacy signals. The company also secured $4 million in equity financing and reported long-term survival data from the ELPIS 1 trial to be presented at the 2023 Scientific Sessions of the American Heart Association. The company's financial results for the quarter ended September 30, 2023, show a net loss of approximately $5.1 million.
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Longeveron Inc. (NASDAQ: LGVN) will report its third quarter 2023 financial results on November 10, 2023. The company will host a conference call and webcast to discuss the results and provide updates on its clinical programs and corporate activities.
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FAQ
What is Longeveron LLC known for?
Longeveron LLC is known for developing innovative cellular therapeutics for chronic life-threatening diseases.
What is LMSC?
LMSC is Longeveron's lead investigational product candidate based on a specialized mesenchymal stem cell derived from healthy young adult donors.
What kind of diseases does Longeveron focus on?
Longeveron focuses on chronic conditions of the elderly and other life-threatening diseases such as aging frailty syndrome, Alzheimer's disease, hypoplastic left heart syndrome, and the metabolic syndrome.
What is the unique selling point of Longeveron's products?
Longeveron's products are allogeneic, 'off-the-shelf' solutions for diseases where no approved therapeutics currently exist.
Who are the investors of Longeveron Inc.?
Investors can contact Derek Cole at Investor Relations Advisory Solutions for more information.
How can one get in touch with Longeveron LLC?
For inquiries, contact Derek Cole at Investor Relations Advisory Solutions.
What are the latest developments at Longeveron Inc.?
Stay updated with the latest news and events related to Longeveron Inc. by contacting Derek Cole at Investor Relations Advisory Solutions.
Where can I find more information about Longeveron Inc.?
For more information, visit Longeveron Inc.'s official website or contact Derek Cole at Investor Relations Advisory Solutions.
What are the current projects of Longeveron LLC?
Longeveron LLC is actively working on developing cellular therapeutics for chronic life-threatening diseases, including aging frailty syndrome, Alzheimer's disease, hypoplastic left heart syndrome, and the metabolic syndrome.
How does Longeveron's approach differ from traditional therapeutics?
Longeveron's approach involves utilizing mesenchymal stem cells from healthy young adult donors as an allogeneic, 'off-the-shelf' solution for chronic conditions with no approved therapeutics.
Longeveron Inc.