Welcome to our dedicated page for Pulmonx news (Ticker: LUNG), a resource for investors and traders seeking the latest updates and insights on Pulmonx stock.
Company Overview
Pulmonx Corp (Nasdaq: LUNG) is a commercial-stage medical technology company committed to transforming the treatment of severe lung diseases through innovative, minimally invasive therapies. Specializing in advanced interventions for chronic obstructive pulmonary disease (COPD) and emphysema, Pulmonx addresses one of the most significant unmet needs in pulmonology by offering a non-surgical alternative to the conventional lung volume reduction surgery and lung transplantation. The company is dedicated to improving patients' breathing, activity levels, and overall quality of life by reducing the detrimental effects of hyperinflated, diseased lung tissue.
Innovative Technologies and Products
Pulmonx leverages a suite of proprietary platforms and products designed to assess, analyze, and treat severe emphysema. The cornerstone of their product portfolio is the Zephyr Endobronchial Valve, a tiny, one-way valve deployed via bronchoscopy. This valve is engineered to occlude targeted segments of the lung, thereby reducing their volume and allowing healthier lung tissues to function more efficiently. Alongside the Zephyr Valve, the company provides the Chartis Pulmonary Assessment System and the StratX Lung Analysis Platform, which offer critical insights into lung physiology and treatment planning. These technologies work in tandem to support a comprehensive, minimally invasive treatment strategy that mitigates the risks associated with traditional surgical procedures.
Operational and Market Position
Pulmonx operates within a specialized niche of medical technology focused on interventional pulmonology. Its products are sold to hospitals and healthcare distributors across major markets including the United States, Europe, the Middle-East and Africa, and Asia Pacific. By emphasizing a non-surgical treatment option, the company appeals to both patients seeking less invasive therapies and clinicians looking for effective alternatives to high-risk surgeries. Pulmonx's solutions have secured inclusion in global treatment guidelines, underscoring their clinical relevance and validation. Through a focused commercial strategy, the company has cultivated a robust market presence, enhancing patient access to therapies that dramatically improve respiratory function and quality of life.
Clinical Evidence and Technological Excellence
Clinical studies and ongoing trials have demonstrated durable and meaningful benefits for patients treated with Pulmonx's therapies. The Zephyr Endobronchial Valve, for example, has been shown to produce significant improvements in lung function by reducing hyperinflation. The company has also presented important clinical data at leading respiratory and pulmonary conferences, highlighting the safety, effectiveness, and long-term durability of its treatment approach. This commitment to rigorous clinical evaluation not only reinforces the expertise and authoritativeness of Pulmonx but also provides healthcare professionals with the evidence needed to confidently adopt these innovative solutions.
Strategic Value Proposition
At its core, Pulmonx offers a transformative treatment paradigm that diverges from traditional surgical models by providing a minimally invasive, bronchoscopic solution for severe emphysema and COPD patients. This approach minimizes risk and recovery time while offering substantial clinical benefits. The company’s strategy is built on thorough clinical research, cutting-edge technology, and a keen understanding of the challenges faced by patients suffering from chronic lung conditions. By focusing on improving the quality of life for a traditionally underserved patient population, Pulmonx not only addresses a critical health need but also solidifies its position as a key player in the global medical technology arena.
Global Reach and Commercial Execution
With a presence in multiple regions around the globe, Pulmonx has strategically expanded its customer base through a robust network of distributors and healthcare providers. Its comprehensive commercial model ensures that its innovative products are accessible in high-demand markets, thereby driving adoption and integration into standard pulmonology practices. The company’s ongoing commitment to enhancing operational excellence, optimizing patient workflows, and expanding global outreach has been instrumental in sustaining its market momentum and shaping clinical practices across diverse healthcare settings.
Pulmonx Corporation (Nasdaq: LUNG) will participate in the 33rd Annual Piper Sandler Healthcare Conference from November 29 to December 2, 2021. The management team will hold investor meetings on December 1, 2021, and a pre-recorded fireside chat will be available on the company’s website starting November 22, 2021. Pulmonx is recognized for its minimally invasive treatments for severe lung disease, including the Zephyr® Endobronchial Valve, which has been used in over 100,000 procedures worldwide. For more information, visit Pulmonx Investors.
Pulmonx Corporation (Nasdaq: LUNG) announced its participation in two virtual investor conferences. Management will present at the Stifel 2021 Virtual Healthcare Conference on November 16, 2021, at 12:20 PM PT / 3:20 PM ET, available via webcast on their website. Additionally, they will attend investor meetings at the Canaccord Genuity Virtual MedTech, Diagnostics, and Digital Health & Services Forum on November 18, 2021. Pulmonx specializes in minimally invasive treatments for severe lung diseases, including emphysema and COPD, with over 100,000 Zephyr Valves used globally.
Pulmonx Corporation (LUNG) reported a 25% increase in worldwide revenue for Q3 2021, totaling $13.3 million, compared to $10.6 million in Q3 2020. The gross margin improved to 73% from 70% year-over-year. U.S. revenue rose 28% to $6.9 million. Operating expenses surged 52% to $19.5 million, leading to a net loss of $10.2 million or $0.28 per share. Pulmonx maintains its full-year revenue guidance of $49 to $51 million, amid ongoing COVID-19 uncertainties.
Pulmonx Corporation (Nasdaq: LUNG) will release its third quarter 2021 financial results on November 2, 2021, post-market. A conference call is scheduled for 1:30 p.m. PT / 4:30 p.m. ET to discuss these results. Investors can join the call by dialing (833) 614-1518 domestically or (270) 823-1072 internationally, using Conference ID: 9545716. Pulmonx is known for its minimally invasive treatments for lung diseases, including the Zephyr® Endobronchial Valve, which has been used in over 25,000 patients worldwide.
Pulmonx Corporation (NASDAQ: LUNG) announced that Blue Cross Blue Shield of Michigan and Horizon BCBS of New Jersey have issued positive coverage policies for the Zephyr® Endobronchial Valve, a treatment for severe emphysema. This gives access to nearly 10 million covered lives, adding to existing BCBS coverage for 69 million members. The Zephyr Valve is minimally invasive and improves lung function without the risks of major surgery. More than 25,000 patients have been treated with the valve globally, with significant clinical backing.
Pulmonx Corporation (Nasdaq: LUNG) announced its participation in two virtual investor conferences. Management will engage in fireside chats at the 2021 Virtual Wells Fargo Healthcare Conference on September 9, 2021, at 7:00 AM PT and the Morgan Stanley 19th Annual Global Healthcare Conference on September 13, 2021, at 1:15 PM PT. Interested parties can access live and archived webcasts on the Pulmonx website. Pulmonx is known for its minimally invasive treatments for severe lung diseases, including the Zephyr Endobronchial Valve, which has received FDA approval and is available in over 25 countries.
Pulmonx Corporation (Nasdaq: LUNG) announced that Anthem Blue Cross Blue Shield has issued a positive coverage policy for its Zephyr® Valve, a minimally invasive treatment for severe emphysema, affecting 34 million lives. This adds to existing coverage from other BCBS plans, totaling 59 million covered members in the US. The Zephyr Valve improves lung function, exercise capacity, and quality of life, with over 20,000 patients treated globally. Glen French, CEO of Pulmonx, praised the decision as a significant advancement for patients suffering from severe breathlessness.
Pulmonx Corporation (LUNG) reported a 232% increase in Q2 2021 revenue, reaching $12.2 million, due to recovering procedure volumes post-COVID-19. Gross margin improved to 74% from 28% in the prior year. U.S. revenue surged 343% to $6.6 million, while international revenue rose 157% to $5.6 million. Despite increased operating expenses of $21.1 million, the company continues to invest in growth. Pulmonx raised its full-year revenue guidance to $49-$51 million, signaling 50%-56% growth over 2020.
Pulmonx Corporation (Nasdaq: LUNG) has appointed Alissa Hsu Lynch and Tiffany Sullivan to its Board of Directors as of July 29, 2021. Lynch, with over 20 years of experience in MedTech and consumer marketing, currently leads MedTech Strategy and Solutions for Google Cloud. Sullivan serves as COO of Physician Services at New York-Presbyterian Hospital, bringing extensive healthcare delivery experience. Their appointments are expected to enhance Pulmonx's ability to scale its innovative treatments for chronic lung diseases.
Pulmonx Corporation (Nasdaq: LUNG) will participate in a fireside chat at the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 8:30 AM PT / 11:30 AM ET. Interested individuals can access a live and archived webcast on Pulmonx's website. Pulmonx is known for its minimally invasive treatments for severe lung diseases, particularly its Zephyr® Endobronchial Valve, which received FDA pre-market approval as a breakthrough device. The Zephyr Valve is available in over 25 countries and has been used in more than 20,000 patients.
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