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8-K: BioCardia Reports Second Quarter 2024 Business Highlights and Financial Results

8-K: BioCardia Reports Second Quarter 2024 Business Highlights and Financial Results

8-K:BioCardia公佈2024年第二季度業務亮點和財務業績
美股SEC公告 ·  2024/08/14 04:07

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BioCardia reported Q2 2024 financial results with net loss narrowing to $1.6M from $3.4M YoY, while revenue decreased to $3,000 from $43,000. Operating expenses reduced significantly, with R&D costs dropping to $800,000 from $2.3M and SG&A expenses declining to $852,000 from $1.2M. Net cash burn improved to $1.3M from $3.2M YoY.The company's CardiAMP Heart Failure I trial is progressing with final patient follow-up expected in Q3 2024, while the confirmatory pivotal CardiAMP Heart Failure II trial has begun enrollment with five patients consented. Early results from the CardiAMP refractory angina trial show promising improvements in exercise tolerance and reduced chest pain.BioCardia strengthened its intellectual property portfolio with two new US patents and announced successful Phase II trial results with CellProthera for acute myocardial infarction treatment. The company also submitted a 510(k) application for its Morph DNA Steerable Introducer Sheath product family.
BioCardia reported Q2 2024 financial results with net loss narrowing to $1.6M from $3.4M YoY, while revenue decreased to $3,000 from $43,000. Operating expenses reduced significantly, with R&D costs dropping to $800,000 from $2.3M and SG&A expenses declining to $852,000 from $1.2M. Net cash burn improved to $1.3M from $3.2M YoY.The company's CardiAMP Heart Failure I trial is progressing with final patient follow-up expected in Q3 2024, while the confirmatory pivotal CardiAMP Heart Failure II trial has begun enrollment with five patients consented. Early results from the CardiAMP refractory angina trial show promising improvements in exercise tolerance and reduced chest pain.BioCardia strengthened its intellectual property portfolio with two new US patents and announced successful Phase II trial results with CellProthera for acute myocardial infarction treatment. The company also submitted a 510(k) application for its Morph DNA Steerable Introducer Sheath product family.
BioCardia發佈了2024年第二季度財務業績,淨虧損從340萬降至160萬美元,營業收入減少至3,000美元,較去年同期的43,000美元大幅下降。營業費用顯著減少,研發費用從230萬降至80萬美元,銷售及管理費用從120萬降至85.2萬美元。淨現金流出從320萬改善至130萬。該公司的CardiAMP心衰I期試驗正在進行中,預計將在2024年第三季度進行最終患者隨訪,同時確認性的CardiAMP心衰II期試驗已開始招生,目前已獲得五名患者的同意。CardiAMP難治性心絞痛試驗的早期結果顯示,運動耐力有顯著改善,胸痛減少。BioCardia通過獲得兩項新的美國專利,加強了知識產權組合,並宣佈與CellProthera聯合進行的急性心肌梗死治療的II期試驗結果成功。該公司還提交了其Morph DNA可操控引導鞘產品系列的510(k)申請。
BioCardia發佈了2024年第二季度財務業績,淨虧損從340萬降至160萬美元,營業收入減少至3,000美元,較去年同期的43,000美元大幅下降。營業費用顯著減少,研發費用從230萬降至80萬美元,銷售及管理費用從120萬降至85.2萬美元。淨現金流出從320萬改善至130萬。該公司的CardiAMP心衰I期試驗正在進行中,預計將在2024年第三季度進行最終患者隨訪,同時確認性的CardiAMP心衰II期試驗已開始招生,目前已獲得五名患者的同意。CardiAMP難治性心絞痛試驗的早期結果顯示,運動耐力有顯著改善,胸痛減少。BioCardia通過獲得兩項新的美國專利,加強了知識產權組合,並宣佈與CellProthera聯合進行的急性心肌梗死治療的II期試驗結果成功。該公司還提交了其Morph DNA可操控引導鞘產品系列的510(k)申請。
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