Welcome to our dedicated page for PAVmed news (Ticker: PAVM), a resource for investors and traders seeking the latest updates and insights on PAVmed stock.
PAVmed Inc. (Nasdaq: PAVM) is a cutting-edge medical device company focused on bringing innovative medical technologies from concept to commercialization with exceptional speed and efficiency. Headquartered in New York, PAVmed is led by three seasoned medical device entrepreneurs. The company is structured to develop and commercialize a diversified pipeline of breakthrough products that address unmet clinical needs, thereby enhancing and accelerating value creation through a business model centered on capital and time efficiency.
PAVmed operates in a single segment as a medical technology company, with three primary lines of business: Diagnostics, Medical Devices, and Digital Health. Through its majority-owned subsidiary, Lucid Diagnostics Inc. (Nasdaq: LUCD), the company offers products such as the EsoGuard Esophageal DNA Test and the EsoCheck Esophageal Cell Collection Device. These tools are designed for the early detection of esophageal precancer, aiming to prevent esophageal cancer by identifying at-risk patients early.
Another significant subsidiary is Veris Health Inc., which focuses on enhanced personalized cancer care through remote patient monitoring. Veris is developing an innovative implantable physiological monitor that interfaces with the Veris Cancer Care Platform, providing real-time health data to improve patient outcomes.
Recent notable achievements include a partnership between Lucid Diagnostics and the Esophageal Cancer Action Network (ECAN) to promote Esophageal Cancer Awareness Month, highlighting the critical link between chronic heartburn and esophageal cancer. Additionally, Lucid has published positive data from a National Cancer Institute-sponsored clinical validation study, which demonstrated EsoGuard's unprecedented early detection capabilities for esophageal precancer compared to traditional endoscopic methods.
PAVmed's commitment to innovation is further exemplified by its business updates and financial results discussions, providing shareholders and potential investors with transparent insights into the company's operational progress and strategic direction. The company's diversified approach in the medical technology sector positions it as a significant player in advancing healthcare and improving patient outcomes.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) has initiated a public offering of its common stock, with a possible 30-day option for underwriters to purchase an additional 15% of the offering. The offering aims to repay the company's outstanding debt, including convertible notes, and fund working capital. The offering is conducted under a shelf registration statement effective since September 17, 2020, with Cantor Fitzgerald & Co. as the sole book-running manager. The final terms will be disclosed in a subsequent prospectus supplement.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announced a strategic spin-off of its subsidiary Lucid Diagnostics, aiming to enhance its commercial potential through an IPO or SPAC merger. This decision follows a robust financial position bolstered by raising over $30 million, which supports Lucid's new multi-channel commercialization initiative for the EsoGuard Esophageal DNA Test. Key highlights include a strengthened sales team and a rebound in EsoGuard testing volume, although challenges remain with ongoing clinical studies and insurance coverage determinations.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announced a change in the time of its business update conference call to 8:30 AM EST on February 22, 2021. The call will feature Stanley Lapidus, a medical diagnostics pioneer, along with PAVmed's CEO Lishan Aklog and CFO Dennis McGrath. Mr. McGrath will provide a financial update, while Dr. Aklog will discuss Lucid Diagnostics' growth strategy. PAVmed is focused on innovative medical devices, aiming for rapid commercialization and addressing critical clinical needs across various divisions.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announced the successful U.S. patient procedure using its CarpX device for carpal tunnel release, a significant advancement in minimally invasive surgery. Unlike traditional methods with longer recovery times, the patient returned to work as a truck driver within one week. The company aims to reduce overall healthcare costs and treat more patients suffering from carpal tunnel syndrome, with the CarpX device offering a market opportunity estimated at $1 billion in the U.S. This commercial launch marks a critical step in establishing CarpX as a new standard of care.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announced a business update conference call on February 22, 2021, at 4:30 p.m. ET. CEO Lishan Aklog will present the company's growth strategy and milestones, while CFO Dennis McGrath will discuss Q4 2020 financial results. Interested listeners can access the call via phone or webcast. PAVmed is a multi-product, commercial-stage medical device company with a diverse pipeline addressing unmet clinical needs across various sectors.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) has closed a registered direct offering of 6 million shares at $2.24 each, generating approximately $12.4 million in net proceeds. These funds will be allocated for working capital, general corporate purposes, and to repay part of the company’s outstanding convertible notes. The offering was conducted under a shelf registration statement and was facilitated by Maxim Group LLC as the sole placement agent.
PAVmed Inc. has announced a registered direct offering of 6.0 million shares of common stock, priced at $2.24 each, to raise approximately $13.4 million in gross proceeds. The net proceeds expected are around $12.4 million after deducting fees. The offering is anticipated to close on or about January 8, 2021. Maxim Group LLC is the placement agent for this offering, which is backed by a shelf registration statement declared effective by the SEC in September 2020. This move intends to enhance its pipeline strategy and advance innovative medical products.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) has completed a registered direct offering of approximately 5.1 million shares of common stock at $1.60 per share, generating approximately $7.4 million in net proceeds after expenses. The funds will be used for working capital, corporate purposes, and to repay some outstanding convertible notes. This offering was conducted under a previously effective shelf registration statement. Maxim Group LLC served as the lead placement agent.
PAVmed Inc. has announced a registered direct offering of approximately 5.1 million shares of common stock at $1.60 per share, raising gross proceeds of $8.1 million. After estimated expenses, net proceeds are expected to be around $7.4 million. The offering is anticipated to close on December 22, 2020, pending customary conditions. Maxim Group LLC and Lake Street Capital Markets LLC are acting as placement agents. This move is part of PAVmed's strategy to enhance its diversified product pipeline, which addresses unmet clinical needs across various medical fields.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announced a registered direct offering of 5.6 million shares of common stock at $1.60 per share, generating approximately $8.9 million in gross proceeds. After fees and expenses, the net proceeds are estimated at $8.3 million. The offering is set to close around December 15, 2020, pending customary conditions. Maxim Group LLC serves as the lead placement agent. The offering follows a shelf registration statement declared effective by the SEC on September 17, 2020.
FAQ
What is the current stock price of PAVmed (PAVM)?
What is the market cap of PAVmed (PAVM)?
What does PAVmed Inc. do?
What are PAVmed's main products?
What is EsoGuard?
Who leads PAVmed Inc.?
What recent achievements has PAVmed made?
What is Veris Health?
How does PAVmed enhance value creation?
What areas does PAVmed operate in?
How can I access PAVmed's latest updates?
Where can I find more information about PAVmed?
