The following is a summary of the PAVmed Inc. (PAVM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• PAVmed reported a transformational quarter with strategic corporate restructuring to solidify its financial position, including the deconsolidation of Lucid Diagnostics and restructuring of convertible debt.

• Notably, they accomplished a reduction in the shareholder deficit by half due to the deconsolidation of Lucid from PAVmed's financials.

• They are working towards maintaining NASDAQ listing with a plan that involves restructuring convertible debt into Series C convertible preferred stock to address the financial deficit and achieve compliance with NASDAQ's continued listing standards.

Business Progress:

• Veris Health completed a pilot with The Ohio State University's James Cancer Center, focusing on cancer care, and is discussing long-term commercial partnerships.

• Lucid Diagnostics reported record revenue in Q3 and is expanding its direct contracting in concierge medicine and employer markets.

• The company is actively seeking funding for its subsidiaries to further develop their respective technologies, including Veris Health's Cancer Care Platform and the PortIO technology through PMX incubator.

Opportunities:

• PAVmed's corporate restructuring has positioned it as a sustainable, diversified commercial life sciences company with multiple independently financed subsidiaries operating under a shared services model.

• Expansion of Lucid's direct contracting initiative and new developments in Veris Health's digital health platform indicate potential growth areas.

Risks:

• Delay in financing and restructuring could affect the progress of Veris Health's FDA submission timeline and the development of the PortIO technology.

• Ensuring continuous NASDAQ listing through shareholder approval for restructuring convertible debt is critical.

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