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TriSalus Life Sciences, Inc. (symbol: TLSI) is engaged in the research, development, and sale of groundbreaking drug delivery technology and immuno-oncology therapeutics. The company's mission is to improve outcomes for patients with difficult-to-treat liver and pancreatic cancers.
Core Business: TriSalus focuses on two main product lines: the Pressure Enabled Drug Delivery (PEDD) infusion systems and an investigational agent called SD-101 (nelitolimod). The PEDD infusion systems are already in use and are designed to enhance the delivery of therapeutic agents to tumors. The investigational agent SD-101 aims to stimulate the immune system to better combat hepatocellular cancer, pancreatic cancer, and other solid tumors located in the liver.
Recent Achievements: One of the company's major advancements is the development of TriNav, a new therapy delivery device that incorporates SmartValve technology to optimize the PEDD approach. This innovative device has the potential to significantly improve treatment efficacy and patient outcomes.
Current Projects: TriSalus is actively involved in clinical trials to evaluate the effectiveness of SD-101 in various types of liver and pancreatic cancers. These trials are crucial for securing future regulatory approvals and bringing new treatments to market.
Financial Condition: While detailed financial information is not provided, the company's ongoing research and development initiatives, coupled with its active market presence, indicate a robust commitment to transforming cancer treatment.
Partnerships: TriSalus collaborates with leading academic and medical institutions to advance its research and bring innovative therapies to patients. These partnerships are essential for the clinical validation and widespread adoption of its technologies.
Products:
- PEDD Infusion Systems: These systems enhance drug delivery to tumors, increasing the efficacy of cancer treatments.
- SD-101 (nelitolimod): An investigational agent designed to boost the immune system's response to liver and pancreatic cancers.
- TriNav: The latest innovation in therapy delivery devices, featuring SmartValve technology to improve drug delivery efficiency.
TriSalus Life Sciences reported strong Q3 2024 results with revenues of $7.3 million, up 42% year-over-year, and nine-month revenues of $21.2 million, up 66%. The company launched the TriNav LV Infusion System and TriGuide Guiding Catheter for larger vessels, expanding into the $375 million embolization market. For 2025, TriSalus projects over 50% sales growth, 20%+ reduction in operating expenses, and expects positive EBITDA and cash flow in H2 2025. The company presented positive Phase 1 data from the PERIO-01 trial in uveal melanoma patients and is seeking strategic partnerships for further development.
TriSalus Life Sciences (Nasdaq: TLSI) has launched the TriNav® LV Infusion System and TriGuide™ Guiding Catheter, expanding its portfolio of Pressure-Enabled Drug Delivery (PEDD™) devices for liver and pancreatic tumor treatment. The TriNav LV Infusion System, designed for vessels 3.5-5.0 mm in diameter, broadens patient eligibility for PEDD technology. The TriGuide Guiding Catheters feature a larger inner diameter and reverse curve design, facilitating femoral access and improving procedural efficiency. Early users reported a 97% satisfaction rate. The devices are eligible for existing HCPCS codes, ensuring seamless reimbursement. CEO Mary Szela emphasized the company's commitment to advancing their pipeline and improving patient outcomes.
TriSalus Life Sciences (Nasdaq: TLSI) has scheduled its third quarter 2024 financial results conference call for Thursday, November 14, 2024, at 9:00 a.m. ET. The company, which focuses on improving outcomes for liver and pancreatic cancer patients through advanced delivery technology and immunotherapy, will discuss Q3 2024 results and provide a business update. The financial results press release will be issued before the call. The event will be accessible via webcast on the company's investor relations website, with a replay available afterward. Interested parties can register online to receive dial-in details.
TriSalus Life Sciences (Nasdaq: TLSI), an oncology company focused on improving outcomes for liver and pancreatic cancer patients, has announced its participation in the 2024 Maxim Healthcare Virtual Summit. Mary Szela, CEO and President of TriSalus, will engage in a fireside chat on Thursday, October 17, 2024, at 12:30 p.m. EDT / 11:30 a.m. CDT.
TriSalus specializes in advanced delivery technology and a novel immunotherapy called nelitolimod. The company aims to enhance treatment outcomes for patients with liver and pancreatic cancer. Interested parties can register for the event through the provided link and find more information about TriSalus and its innovative technologies on the company's website.
TriSalus Life Sciences (Nasdaq: TLSI) has announced the appointment of Dr. Riad Salem to its Scientific Advisory Board. Dr. Salem, the Chief of Interventional Radiology and a Professor at a Chicago institution, brings expertise in radiological research and innovative liver cancer treatments. His addition is expected to support TriSalus's mission in advancing its Pressure Enabled Drug Delivery™ (PEDD™) technology and nelitolimod, a TLR9 agonist.
CEO Mary Szela highlighted Dr. Salem's role in the LEGACY study, which demonstrated significant improvements in response rates and survival using y90 treatment. Dr. Salem will play a important role in the company's DELIVER program, aimed at providing data support for PEDD and nelitolimod in challenging patient populations with liver and pancreatic cancer.
TriSalus Life Sciences (Nasdaq: TLSI) announced the publication of research in the Journal of Vascular and Interventional Radiology demonstrating improved delivery of glass microspheres to liver tumors using their Pressure Enabled Drug Delivery (PEDD) method via the TriNav Infusion System. The study, conducted on transgenic pigs with induced liver tumors, showed:
- 117% increase in tumor penetration with lobar infusions (p=0.004)
- 39% increase in tumor penetration with selective infusions (p=0.032)
- Lobar PEDD delivery was statistically equivalent to conventional selective delivery (p=0.497)
The research suggests that the PEDD method could potentially improve the efficacy and safety of liver cancer treatments by increasing the concentration of therapeutics in tumors compared to adjacent liver tissue.
TriSalus Life Sciences (TLSI) reported strong Q2 2024 results, with revenues of $7.4 million, up 60% year-over-year. The company's gross margin improved to 88% in Q2 2024. TriSalus plans to launch the 'DELIVER' Program in Q3 2024, aiming to expand the addressable market for its TriNav® Infusion System. The company expects to report data from phase 1 trials of nelitolimod in Q4 2024. TriSalus secured up to $50 million in debt financing from OrbiMed to support growth initiatives. The company completed a warrant exchange offer to simplify its capital structure. With current cash and potential additional funding, TriSalus expects to have sufficient runway through the end of 2025.
TriSalus Life Sciences (Nasdaq: TLSI), an oncology company focusing on novel delivery technology integrated with immunotherapy for liver and pancreatic tumors, has announced a conference call and webcast scheduled for August 15, 2024, at 9:00 a.m. ET. The event will discuss financial results for the second quarter ended June 30, 2024, and provide a business update.
A press release detailing the Q2 results will be issued prior to the call. The webcast will be available on TriSalus' investor relations website, with a replay accessible for approximately 90 days after the event. Participants joining by phone must register using an online form to receive dial-in details and a personal pin.
TriSalus Life Sciences (Nasdaq: TLSI) has successfully completed its exchange offer and consent solicitation related to its warrants. The company issued 2,110,366 shares of common stock in exchange for the tendered warrants. This follows the company's Warrant Amendment with Continental Stock Transfer & Trust Company on June 26, 2024, which affects only publicly-traded warrants. Additionally, the SEC declared effective TriSalus' Registration Statement on Form S-4 on June 25, 2024. The company engaged Oppenheimer & Co. Inc. as Dealer Manager and Solicitation Agent, Morrow Sodali as Information Agent, and Continental Stock Transfer & Trust Company as Exchange Agent.
TriSalus Life Sciences (Nasdaq: TLSI) announced the completion of its exchange offer and consent solicitation for warrants. The offer expired on June 25, 2024, allowing holders to exchange warrants for common stock. Approximately 78.89% of public warrants were tendered, but the company did not secure agreements for private placement or working capital warrants. The company will accept all validly tendered warrants for exchange by July 1, 2024. The warrant amendment was approved for public warrants, but not for private placement or working capital warrants. Oppenheimer & Co. served as the dealer manager and solicitation agent.
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