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PAVmed Inc. - PAVM STOCK NEWS

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.

News

Lucid Diagnostics Executes Contract to Provide EsoGuard® Esophageal Precancer Testing as a Covered Benefit for 9/11 Responders and Survivors

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Lucid Diagnostics Inc. announces a contract with the World Trade Center Health Program to provide EsoGuard Esophageal DNA test as a covered benefit to more than 120,000 responders and survivors of the 9/11 terrorist attacks. The test is reimbursable at $2,475.81 per test prescribed by clinicians at WTCHP's Clinical Centers of Excellence. This initiative aims to expand patient access to EsoGuard testing and prevent esophageal cancer and cancer deaths.
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Lucid Diagnostics Announces Peer-Reviewed Publication of Positive Results from Three Clinical Utility Studies

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Lucid Diagnostics Inc. (Nasdaq: LUCD) has announced the publication of three clinical utility studies demonstrating the real-world clinical utility of Lucid's EsoGuard Esophageal DNA test to detect esophageal precancer. The studies document near-perfect concordance between EsoGuard results and the prescribing physician's decision whether to refer patients for upper endoscopy, with 100 percent of EsoGuard-positive patients being referred for confirmatory upper endoscopy. These results eliminate the need for hundreds of costly, invasive, and inconvenient endoscopies, demonstrating that EsoGuard allows physicians to appropriately triage at-risk patients, consistent with established professional society guidelines, and ensure cost-effective utilization of endoscopy in esophageal precancer detection.
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PAVmed Provides Additional Details for Upcoming Stock Dividend to Shareholders

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PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announces the distribution of approximately 3.3 million shares of Lucid common stock to its shareholders as of January 15, 2024. Each PAVmed shareholder will receive a stock dividend of approximately 41 shares of Lucid common stock for every 100 shares of PAVmed common stock they own as of the record date.
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PAVmed Announces Dividend of Lucid Diagnostics Common Stock and Reverse Stock Split

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PAVmed Inc. (Nasdaq: PAVM, PAVMZ) announces a dividend of approximately 3.3 million shares of Lucid Diagnostics Inc. (Nasdaq: LUCD) common stock and a 1-for-15 reverse stock split to be effective as of market open on December 7, 2023.
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Lucid Diagnostics Strengthens and Expands Market Access and Direct Contracting Efforts

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Lucid Diagnostics Inc. (Nasdaq: LUCD) strengthens its executive team with two industry veterans, Natalie S. Carfora and James M. Fricchione, joining as Vice President, Market Access, and Vice President, Employer Markets, respectively. Shaun M. O'Neil is promoted to President and COO. These appointments aim to drive EsoGuard® payor coverage and secure direct contracts with employers and self-insured entities, crucial for translating test volume growth into revenue. Natalie Carfora brings over a decade of experience in market access and sales, while Jim Fricchione has over two decades of national health benefits experience. Shaun O'Neil, an industry veteran, has been instrumental in designing and building Lucid's commercial infrastructure and overseeing its commercial strategy.
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PAVmed Provides Business Update and Third Quarter Financial Results

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PAVmed Inc. (NASDAQ: PAVM, PAVMZ) reported a 392% sequential increase in Lucid's quarterly revenue, with Veris Health's expansion efforts underway. The quarterly financial results were presented, and a webcast is scheduled for tomorrow at 8:30 AM EST.
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Lucid Diagnostics Provides Business Update and Third Quarter Financial Results

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Lucid Diagnostics Inc. (Nasdaq: LUCD) reports a 17% increase in Quarterly EsoGuard® test volume and a 392% increase in revenue sequentially. The company's CLIA-certified clinical laboratory performed 2,575 commercial EsoGuard® Esophageal DNA Tests in Q3 2023. Lucid's Q3 revenue was $783K, with operating expenses of $11.9 million. Lucid had cash and cash equivalents of $24.1 million as of September 30, 2023.
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Lucid Diagnostics Launches Next-Generation EsoGuard® Esophageal DNA Test and Announces Upcoming Investor Day

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LUCD - Lucid Diagnostics Inc. (Nasdaq: LUCD) announced the launch of EsoGuard 2.0, an enhanced esophageal DNA test with improved performance and lower costs. The company will also host an Investor Day event in New York City on December 13, 2023, to discuss commercial progress and the recent expansion of clinical utility and validity data.
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Lucid Diagnostics to Present at Canaccord Genuity Medtech, Diagnostics, and Digital Health & Services Forum

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Lucid Diagnostics Inc., a cancer prevention medical diagnostics company, announced that its Chairman and CEO, Dr. Lishan Aklog, will present at the Canaccord Genuity Medtech, Diagnostics, and Digital Health & Services Forum on November 16, 2023, in New York City. The presentation will take place at 10:00am EST, and management will be available for one-on-one meetings with investors at the conference.
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PAVmed to Hold a Business Update Conference Call and Webcast on November 15, 2023

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PAVmed Inc. (Nasdaq: PAVM, PAVMZ) will host a business update conference call and webcast on November 15, 2023, at 8:30 AM EST. The call will provide a business update and overview of operations and growth strategy by Lishan Aklog, M.D., Chairman and CEO. Dennis McGrath, President and CFO, will discuss the third-quarter 2023 financial results. The webcast will be available on the company's website. Replay will be available for 30 days.
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FAQ

What is the current stock price of PAVmed (PAVM)?

The current stock price of PAVmed (PAVM) is $1 as of November 22, 2024.

What is the market cap of PAVmed (PAVM)?

The market cap of PAVmed (PAVM) is approximately 10.8M.

What does PAVmed Inc. do?

PAVmed Inc. is a medical technology company that develops and commercializes innovative medical devices, diagnostics, and digital health solutions.

What are PAVmed's main products?

PAVmed's main products include the EsoGuard Esophageal DNA Test and EsoCheck Esophageal Cell Collection Device, designed for early detection of esophageal precancer.

What is EsoGuard?

EsoGuard is a DNA test performed on esophageal cells collected noninvasively with EsoCheck, used for early detection of esophageal precancer.

Who leads PAVmed Inc.?

PAVmed Inc. is led by three experienced medical device entrepreneurs focused on rapid commercialization of medical technologies.

What recent achievements has PAVmed made?

Recent achievements include a partnership with ECAN for Esophageal Cancer Awareness Month and a successful clinical validation study for EsoGuard.

What is Veris Health?

Veris Health, a subsidiary of PAVmed, focuses on personalized cancer care through remote patient monitoring and is developing an implantable physiological monitor.

How does PAVmed enhance value creation?

PAVmed enhances value creation by employing a business model focused on capital and time efficiency, quickly bringing innovative products to market.

What areas does PAVmed operate in?

PAVmed operates in diagnostics, medical devices, and digital health sectors within the medical technology industry.

How can I access PAVmed's latest updates?

You can access the latest updates on PAVmed's operations and financial performance through their business update conference calls and webcasts.

Where can I find more information about PAVmed?

For more information, please visit PAVmed's official website at www.pavmed.com.

Stock PAVM logo
PAVmed Inc.

Nasdaq:PAVM

PAVM Rankings

#5528 Ranked by Market Cap
N/A Ranked by Dividends

PAVM Stock Data

10.80M
9.99M
10.39%
14.6%
2.82%
Medical Devices
Surgical & Medical Instruments & Apparatus
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United States of America
NEW YORK