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. (PAVM, PAVMZ) provided a business update and financial results for Q3 2020, highlighting accelerated commercial activity for its products. CEO Lishan Aklog noted significant growth in EsoGuard® testing and EsoCheck® procedures, driven by new CMS payment determinations effective January 1, 2021, setting the price at $1,938.01. The company also expanded its sales team and secured multiple patents. Despite a GAAP net loss of $5.6 million for Q3, cash reserves increased to $8.3 million. Plans for European commercialization and upcoming clinical trials were discussed.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announced a business update conference call scheduled for November 17, 2020, at 4:30 p.m. Eastern time. Chairman and CEO Lishan Aklog will discuss the Company's near-term milestones and growth strategy, while CFO Dennis McGrath will present third quarter 2020 financial results. PAVmed's innovative product pipeline addresses diverse clinical needs, including GI Health and Minimally Invasive Interventions. The call will be accessible by phone and via webcast on the Company's website.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ), a multi-product medical device company, announced that Lishan Aklog, M.D., Chairman and CEO, will present at the Cantor Fitzgerald Virtual Global Healthcare Conference on September 15, 2020, from 8:00 a.m. to 8:30 a.m. Eastern time. Interested parties can listen to the webcast on PAVmed's investor relations website. PAVmed aims to innovate and commercialize products addressing unmet clinical needs in diverse areas, leveraging a proprietary business model to enhance value creation and expand its product pipeline.
PAVmed Inc. (NASDAQ:PAVM, PAVMZ) will present at the LD 500 investor conference on September 3, 2020, at 7:20 a.m. PST / 10:20 a.m. EST. CEO Lishan Aklog, M.D., will provide a corporate overview to attendees.
This conference, running from September 1-4, is notable as it is accessible to everyone, a first for LD Micro, which aims to showcase unique companies in the capital markets despite challenges posed by COVID-19. PAVmed is recognized for its innovative medical device solutions.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) reported significant advancements despite COVID-19 challenges. Key achievements include a preliminary CMS payment determination for EsoGuard™, FDA clearance for the CarpX™ device, and the launch of both products. The company expanded its commercial management team, activated clinical trials for EsoGuard, and secured funding of approximately $10.6 million. Financially, PAVmed experienced a GAAP net loss of $5.6 million for Q2 2020. Upcoming activities focus on commercial expansion and clinical trial progress.
PAVmed Inc. (PAVM) announced it has raised approximately $7 million through a private placement of Senior Convertible Promissory Notes. This financing will bolster the company's commercial and regulatory activities, particularly in relation to its EsoGuard and CarpX products, as well as funding ongoing clinical trials. The financing was led by an existing institutional investor with a conversion price of $5.00 per share. The company focuses on innovative medical devices and has a diverse product pipeline addressing various clinical needs.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announced that Chief Commercial Officer Shaun O’Neil will participate in a panel on July 16, 2020, discussing the company's response to COVID-19 challenges and commercialization of its products, EsoGuard™ and CarpX™. PAVmed is a multi-product medical device company utilizing a unique business model to advance its pipeline efficiently. The company focuses on unmet medical needs across various clinical areas, with an emphasis on regulatory pathways and market opportunities.
PAVmed Inc. (Nasdaq: PAVM) will join the small-cap Russell 2000 and broad-market Russell 3000 indexes effective June 29, 2020, as part of their annual reconstitution. This inclusion is expected to enhance PAVmed's visibility among investors and reflects the company's growth and shareholder value increase. The Russell indexes serve as critical benchmarks for approximately $9 trillion in assets, indicating PAVmed's strengthened market position. The company focuses on a diverse product pipeline aimed at addressing unmet clinical needs.
PAVmed Inc. (Nasdaq: PAVM) announced that Stanley Lapidus, a pioneer in medical diagnostics, has joined its subsidiary Lucid Diagnostics as a Strategic Advisor. His experience in early cancer detection is expected to enhance the commercialization of Lucid's EsoGuard and EsoCheck technologies. EsoGuard aims to significantly improve the diagnosis of Barrett’s Esophagus and esophageal cancer. Lapidus brings over 30 years of expertise, having led companies like Exact Sciences and Cytyc. This collaboration aims to expedite Lucid's clinical trials and regulatory strategies.
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announced that its subsidiary, Lucid Diagnostics, received a preliminary payment determination for the EsoGuard™ Esophageal DNA Test. The U.S. CMS indicated a recommended payment of $1,938.01 in 38 states and $2,690 in 12 states for EsoGuard, effective from January 1, 2021, through December 31, 2023. This noninvasive test aids in diagnosing Barrett’s Esophagus, a precursor to esophageal cancer. The payment determination is open for public comments until August 10, 2020, with finalization to follow.
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