Pavmed (PAVM) Stock News

Lucid Diagnostics (NASDAQ:LUCD) announced that MolDX-participating Medicare Administrative Contractors will hold a critical Contractor Advisory Committee (CAC) meeting on September 4, 2025 to evaluate Medicare coverage for its EsoGuard® Esophageal DNA Test.

The virtual meeting will gather medical experts to reconsider Local Coverage Determination (LCD) L39256, following Lucid's November 2024 request. CEO Lishan Aklog highlighted the company's strong clinical evidence package and noted that nearly 40,000 patients have been referred for EsoGuard testing to date. The test's clinical utility is supported by professional society guidelines and peer-reviewed publications.

PAVmed (Nasdaq: PAVM) announced that its subsidiary Veris Health has completed a $2.5 million private placement equity financing. The financing involved selling Veris Health common stock at $1.40 per share, with a pre-money valuation of $35 million.

Investors received warrants to purchase additional shares at $1.40 per share, callable within 60 days of FDA clearance. This funding follows a previous $2.4 million financing earlier this year. The proceeds will support the development of Veris' implantable physiological monitor through FDA clearance, expected in 2026, and general corporate purposes.

Lucid Diagnostics (LUCD) has partnered with Hoag, a major California healthcare network, to implement EsoGuard® Esophageal DNA Test across its healthcare system. The partnership aims to expand access to esophageal precancer testing through Hoag's digestive health, primary care, and concierge medicine programs. Dr. Kenneth Chang, Executive Medical Director at Hoag's Digestive Health Institute, emphasized the importance of this initiative, noting that esophageal cancer incidence has increased tenfold over four decades. EsoGuard offers a quick, 3-minute non-endoscopic test to identify at-risk patients. Lucid's CEO, Dr. Lishan Aklog, views this collaboration as a significant milestone in expanding EsoGuard's accessibility within large healthcare systems and expects it to serve as a model for future partnerships.

PAVmed's subsidiary Veris Health has established a strategic partnership with The Ohio State University Comprehensive Cancer Center (OSUCCC - James) following a successful pilot program. The partnership involves expanding the commercial use of the Veris Cancer Care Platform, which includes remote physiological monitoring, symptom reporting, and telehealth capabilities. The agreement encompasses full EHR integration, a clinical registry launch, and plans for a clinical trial of an implantable physiologic monitor pending FDA clearance. The platform utilizes VerisBox, containing connected healthcare devices that transmit data to a cloud-based portal, while patients can report symptoms through a smartphone app. This partnership with one of the nation's largest academic cancer centers marks a significant milestone for Veris in enhancing personalized cancer care delivery.

Lucid Diagnostics (NASDAQ: LUCD), a commercial-stage cancer prevention medical diagnostics company and subsidiary of PAVmed (NASDAQ: PAVM), announced its upcoming inclusion in both the Russell 2000® Index and Russell 3000® Index. The inclusion will be effective after market close on June 27, 2025, as part of the annual reconstitution. The Russell 3000 Index comprises the largest 3,000 U.S. public companies by market cap, while the Russell 2000 focuses on small-cap companies. According to FTSE Russell, approximately $10.6 trillion in assets are benchmarked against Russell U.S. Indexes, which are widely used by investment managers and institutional investors.

PAVmed (NASDAQ: PAVM) reported its Q1 2025 financial results and business updates. The company's subsidiary Lucid Diagnostics strengthened its position with $30.6M in stock offerings, ending Q1 with over $40M in proforma cash. Lucid processed 3,034 EsoGuard tests, generating $0.8M in revenue. Veris Health completed financing and resumed development of its implantable physiological monitor, preparing to launch a partnership with a major cancer center. PAVmed reported GAAP net income of $17.7M ($0.34 per share) and non-GAAP adjusted loss of $0.9M (-$0.07 per share). The company ended Q1 with $2.7M in cash, up from $1.2M in December 2024. PAVmed is now exploring expansion into the biopharma sector, actively evaluating clinical and late preclinical-stage assets.

Lucid Diagnostics (NASDAQ: LUCD) reported its Q1 2025 financial results, processing 3,034 EsoGuard® tests and generating $0.8 million in revenue. The company strengthened its balance sheet through two stock offerings, raising $30.6 million and ending Q1 with over $40 million in proforma cash, extending runway into 2026. Operating expenses were $13.3 million, with a GAAP net loss of $36.0 million ($0.52 per share). Key developments include launching the "Embrace the Future" campaign, partnering with a major health system, and gaining traction in cash-pay concierge medicine. An NCI-sponsored study demonstrated EsoGuard's effectiveness in detecting esophageal precancer in at-risk patients without GERD, potentially increasing market opportunity by 70%. The company also secured a U.S. patent for key EsoGuard technology.

PAVmed (Nasdaq: PAVM, PAVMZ), a diversified commercial-stage medical technology company, has announced a business update conference call and webcast scheduled for May 15, 2025, at 8:30 AM ET. During the call, Chairman and CEO Lishan Aklog, M.D., will provide a business update and overview of operations and growth strategy, while President and CFO Dennis McGrath will discuss Q1 2025 financial results.

The webcast will be accessible through PAVmed's investor relations website. U.S. callers can dial 1-800-836-8184, and international callers can dial 1-646-357-8785 to join the "PAVmed Business Update" call. A 30-day replay will be available on the company's website following the conference.

Lucid Diagnostics (Nasdaq: LUCD), a commercial-stage cancer prevention medical diagnostics company and subsidiary of PAVmed (Nasdaq: PAVM), has scheduled a business update conference call and webcast for May 14, 2025, at 8:30 AM ET.

Key highlights of the upcoming call:

• Chairman and CEO Lishan Aklog will present a business update and discuss the company's operations and growth strategy
• CFO Dennis McGrath will review first quarter 2025 financial results
• U.S. participants can dial 1-800-836-8184
• International callers should use 1-646-357-8785

The webcast will be accessible through the investor relations section at luciddx.com. A 30-day replay will be available on the same platform following the call. Participants should reference "Lucid Diagnostics Business Update" when joining.