Orchestra BioMed (OBIO)

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Orchestra BioMed Announces Proposed Public Offering
Globenewswire· 2025-07-31 20:02
Core Viewpoint - Orchestra BioMed Holdings, Inc. has initiated an underwritten public offering of its common stock and pre-funded warrants, with the intention to use the proceeds for its AVIM therapy program, BACKBEAT study, and Virtue SAB program, among other corporate purposes [1][2]. Group 1: Offering Details - The offering includes common stock and pre-funded warrants, with a 30-day option for underwriters to purchase an additional 15% of the securities sold [1]. - The offering is subject to market conditions, and there is no assurance regarding its completion or the actual size and terms [1]. Group 2: Use of Proceeds - The net proceeds from the offering will fund the AVIM therapy program, the BACKBEAT study, the Virtue SAB program, and general corporate purposes [2]. Group 3: Company Overview - Orchestra BioMed is focused on accelerating high-impact biomedical technologies through partnerships with leading medical device companies [6]. - The company’s lead product candidate is AVIM therapy for hypertension, and it is also developing Virtue SAB for atherosclerotic artery disease [6]. - The company has strategic collaborations with Medtronic and Terumo for the development and commercialization of its key therapies [6].
Ligand and Medtronic Commit $70 Million in Strategic Capital to Orchestra BioMed
Globenewswire· 2025-07-31 20:01
Core Insights - Orchestra BioMed has secured $70 million in new capital from Ligand Pharmaceuticals and Medtronic to advance its late-stage cardiology programs [1][3][4] Investment Details - Ligand Pharmaceuticals will invest a total of $35 million, which includes $20 million at closing, $15 million subject to conditions, and an additional $5 million in an equity private placement [3][5] - Medtronic will invest $30 million, comprising $10 million in an equity private placement and $20 million in a secured subordinated promissory note convertible to prepaid revenue share [4][5][6] Strategic Collaboration - The agreement between Orchestra BioMed and Medtronic has been amended to include the development of AVIM therapy-enabled leadless pacemakers, enhancing their existing collaboration [2][5][6] - The partnership aims to address significant health challenges such as uncontrolled hypertension and arterial disease, targeting high-risk patient populations [3][9] Product Development - AVIM therapy is designed to lower blood pressure in patients with hypertension who are indicated for a pacemaker, showing promising results in pilot studies [12] - Virtue SAB is being developed for the treatment of atherosclerotic artery disease, with positive clinical data supporting its efficacy [13] Market Potential - Both AVIM therapy and Virtue SAB have received Breakthrough Device Designation from the FDA, indicating their potential to meet high unmet medical needs in cardiovascular care [9][12][13]
Orchestra BioMed Showcases AVIM Therapy as Purpose-Built Solution for Hypertensive Heart Disease at CSI Frankfurt 2025
Globenewswire· 2025-06-18 13:30
Core Insights - Orchestra BioMed Holdings, Inc. presented key clinical insights on AVIM therapy for high-risk hypertension at the CSI 2025 Meeting, emphasizing its potential to address hypertensive heart disease, a significant cardiovascular syndrome affecting an aging population [1][6] Company Overview - Orchestra BioMed is a biomedical innovation company focused on accelerating high-impact technologies through risk-reward sharing partnerships with leading medical device companies [5] - The company’s lead product candidate is AVIM therapy, designed for hypertension, which is a leading risk factor for mortality worldwide [5][8] AVIM Therapy Insights - AVIM therapy is a novel, device-based approach specifically targeting patients with hypertensive heart disease, who are at increased risk for major adverse cardiac events and currently lack sufficient therapeutic options [2][3] - The therapy aims to reduce cardiac preload and modulate autonomic nervous system responses to lower blood pressure and improve cardiovascular function, representing a potential paradigm shift in blood pressure management [3][4] Clinical Data and Studies - Pilot studies have shown that AVIM therapy resulted in net reductions of 8.1 mmHg in 24-hour ambulatory systolic blood pressure and 12.3 mmHg in office systolic blood pressure at six months compared to control patients [10] - The BACKBEAT global pivotal study is currently enrolling patients with uncontrolled hypertension who are indicated for a dual-chamber pacemaker, in collaboration with Medtronic [7][10] Market Opportunity - Hypertensive heart disease affects over 7.7 million patients in the U.S., highlighting a significant market opportunity for AVIM therapy, especially given its recent FDA Breakthrough Device Designation [6][10]
Orchestra BioMed Holdings (OBIO) 2025 Conference Transcript
2025-06-05 20:45
Summary of the Conference Call Company Overview - **Company**: Orchestra Lab - **Industry**: Medical Devices Key Points and Arguments Business Model - Orchestra Lab operates a partnership-driven business model aimed at advancing and commercializing high-impact medical device therapies, inspired by successful biotech partnerships [3][4] - The company aims to address the lack of partnership activity in the medical device sector, which contrasts with the pharmaceutical industry where partnerships are common for drug development [4] - The average R&D spending for the medical technology industry is around 7% of revenue, compared to 20% for pharmaceuticals, indicating a significant R&D constraint for med tech companies [5] Revenue Generation - Orchestra Lab plans to generate revenue through significant long-term royalty interests, which can yield high gross margins [6] - The company is focused on driving top-line growth without compromising EBITDA and EPS through collaborations with larger companies like Medtronic and Terumo [5][6] Core Capabilities - The founding team has extensive experience in innovation, clinical execution, regulatory expertise, and financial management [9] - Orchestra's lead program, ABIM therapy, aims to enhance existing pacemaker technology to reduce blood pressure in high-risk patients [12][13] Clinical Programs - **BackBeat Program**: Focuses on a therapy that upgrades existing pacemakers to reduce blood pressure, targeting older patients with hypertension [12][13] - The pivotal study is expected to provide data that could establish this therapy as a standard of care for managing hypertension in pacemaker patients [15] - Previous studies showed significant reductions in systolic blood pressure, with an 11 mmHg reduction in the treatment group [16][17] - The study has been adjusted to widen eligibility criteria, with completion expected in 2026 [24] - **Virtue Program**: A novel sirolimus drug-eluting balloon aimed at treating coronary artery disease [39][42] - Terumo is the strategic partner responsible for regulatory and commercial operations, with Orchestra receiving royalties and payments for the drug [42] - The program has faced delays due to changes in Terumo's management but remains a priority for both companies [43][45] Market Potential - The partnership with Medtronic allows Orchestra to tap into a significant market, with a potential revenue share of $500 to $1,600 per device sold, targeting approximately 750,000 patients annually who have hypertension and require pacemakers [32][33] - The Virtue program is positioned to address unmet needs in both coronary and peripheral artery disease, with breakthrough designations in various indications [63][64] Future Opportunities - There is potential for expanding the partnership with Medtronic to include broader patient populations beyond those needing pacemakers [35][36] - The Virtue program is exploring applications in below-the-knee treatments and other areas where inflammation and post-procedural healing are critical [64][65] Additional Important Content - The company ended the last quarter with over $50 million in cash, sufficient to fund operations for nearly a year, with options for equity financing if needed [25][26] - The business model is designed to minimize capital needs while maximizing growth potential through strategic partnerships [27] This summary encapsulates the key insights from the conference call, highlighting Orchestra Lab's innovative approach to the medical device industry, its strategic partnerships, and the promising clinical programs underway.
Orchestra BioMed: Two Best-In-Class Devices And Promising Partnerships
Seeking Alpha· 2025-05-28 11:20
Core Insights - Orchestra BioMed Holdings (NASDAQ: OBIO) is experiencing significant momentum that is not yet reflected in its stock price [1] - The company possesses two proprietary medical device therapies that target large, established markets [1] Company Overview - Orchestra BioMed Holdings focuses on innovative medical device therapies [1] - The company is positioned in the biotech and pharmaceutical sectors, which are known for their growth potential [1] Market Potential - The medical device therapies owned by the company are considered best-in-class, indicating a strong competitive advantage [1] - The target markets for these therapies are large and well-established, suggesting substantial revenue opportunities [1]
Orchestra BioMed Holdings (OBIO) Conference Transcript
2025-05-22 16:32
Summary of Orchestra BioMed Holdings (OBIO) Conference Call Company Overview - **Company Name**: Orchestra BioMed Holdings (OBIO) - **Ticker Symbol**: OBIO - **Founded**: 2018 - **Business Model**: Leveraging partnerships with established market leaders in the medical device space to drive commercialization of products, focusing on generating revenue through long-term revenue shares with partners [3][5][41] Key Programs 1. Atrioventricular Interval Modulation (AVIM) Therapy - **Target Condition**: High blood pressure (hypertension) in older, high-risk patients - **Addressable Market**: Estimated at $17 billion worldwide [4] - **Efficacy Data**: Strong statistically significant results from phase two double-blind studies; currently enrolling patients in the BackBeat global pivotal study [4][28] - **FDA Designation**: Recently awarded breakthrough device designation [5][22] - **Partnership**: Collaborating with Medtronic, a leader in pacemaker technology, with a double-digit revenue share [5][15] - **Market Opportunity**: - Immediate market opportunity for AVIM therapy is approximately $2 billion, targeting 750,000 patients who receive pacemakers annually [13] - Broader market potential includes over 3.7 million patients globally with hypertension and increased cardiovascular risk, representing a potential market of over $15 billion [15] - **Revenue Potential**: Projected royalty stream of up to $750 million annually based on a $1,000 average royalty per device sold [19] 2. Virtu Sirolimus Angio Infusion Balloon (SAB) - **Target Condition**: Treatment of coronary and peripheral artery disease - **Initial Market Size**: Estimated at $4 billion annually [6] - **Efficacy Data**: Strong safety and efficacy data from multicenter pilot studies; recently received FDA approval to run the Virtu trial against Boston Scientific's paclitaxel-coated balloon [6][32] - **Partnership**: Collaborating with Terumo, with a high revenue share [40] - **Market Shift**: Transitioning from drug-eluting stents to drug-coated balloons, with Virtu positioned as a best-in-class product [31][33] Industry Context - **Market Dynamics**: Medtech companies spend significantly less on R&D compared to biopharma, with averages of 7% versus 20% of revenue [7] - **Competitive Landscape**: Medtronic faces competition from companies like Abbott and Boston Scientific, which often engage in discounting strategies to secure market share [46] Additional Insights - **Clinical Impact**: AVIM therapy aims to provide significant clinical benefits without the side effects associated with traditional drug therapies [44] - **Regulatory Pathway**: The BackBeat study is expected to establish a new standard of care for blood pressure management in the pacemaker population [29] - **Future Opportunities**: Potential applications for Virtu in treating below-the-knee artery disease, addressing a high unmet medical need [48] Conclusion - Orchestra BioMed is positioned for significant growth through its innovative therapies and strategic partnerships, particularly with Medtronic and Terumo, while addressing critical healthcare needs in hypertension and coronary artery disease [41][42]
Orchestra BioMed Holdings, Inc. (OBIO) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-12 22:41
Company Performance - Orchestra BioMed Holdings, Inc. reported a quarterly loss of $0.49 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.46, and compared to a loss of $0.38 per share a year ago, indicating a decline in performance [1] - The company posted revenues of $0.87 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 122.56%, and up from $0.62 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates only once, and has topped consensus revenue estimates two times [2] Stock Performance - Shares of Orchestra BioMed Holdings, Inc. have declined approximately 33.8% since the beginning of the year, while the S&P 500 has only declined by 3.8% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.49 on revenues of $0.61 million, and for the current fiscal year, it is -$1.99 on revenues of $2.5 million [7] Industry Outlook - The Medical - Biomedical and Genetics industry, to which Orchestra BioMed belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5]
Orchestra BioMed Reports First Quarter 2025 Financial Results and Highlights Recent Regulatory and Clinical Milestones
Globenewswire· 2025-05-12 20:28
Core Insights - Orchestra BioMed Holdings, Inc. reported financial results for Q1 2025, highlighting regulatory progress and a strengthening clinical pipeline [1][4] - The company received FDA Breakthrough Device Designation for its AVIM therapy, indicating significant recognition of its potential in treating hypertensive heart disease [3][6] - The company is advancing its clinical trials, including the BACKBEAT global pivotal study in collaboration with Medtronic and the initiation of the Virtue Trial for its Virtue SAB product [3][6] Financial Performance - Revenue for Q1 2025 was $0.9 million, an increase from $0.6 million in Q1 2024, primarily due to partnership revenues from Terumo [12] - Research and development expenses rose to $13.5 million in Q1 2025 from $9.1 million in Q1 2024, driven by costs associated with the BACKBEAT study [12] - The net loss for Q1 2025 was $18.8 million, or $0.49 per share, compared to a net loss of $13.5 million, or $0.38 per share, in Q1 2024 [12][19] Regulatory Developments - The FDA granted Breakthrough Device Designation for AVIM therapy, which aims to improve outcomes for patients with uncontrolled hypertension [6][10] - The company received FDA IDE approval for the Virtue SAB U.S. pivotal trial, which will compare its investigational product against a commercially available drug-coated balloon [6][13] Clinical Advancements - AVIM therapy has shown promising results in pilot studies, with reductions of 8.1 mmHg in 24-hour ambulatory systolic blood pressure and 12.3 mmHg in office systolic blood pressure [10] - The Virtue SAB is designed to deliver a proprietary extended-release formulation of sirolimus, demonstrating positive clinical data in coronary in-stent restenosis [11][13] Strategic Partnerships - Orchestra BioMed has strategic collaborations with Medtronic for AVIM therapy and Terumo for Virtue SAB, enhancing its commercialization efforts [8][10] - The company continues to expand its intellectual property portfolio, with 137 issued patents worldwide related to AVIM therapy [6]
Orchestra BioMed (OBIO) - 2025 Q1 - Quarterly Report
2025-05-12 20:05
[PART I. FINANCIAL INFORMATION](index=6&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section provides the company's financial statements, management's analysis, market risk disclosures, and internal controls - The company's management concluded that available capital may not be sufficient to fund operations for the next year, raising substantial doubt about its ability to continue as a going concern[30](index=30&type=chunk)[31](index=31&type=chunk) [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) The company reported an increased net loss of **$18.8 million** for Q1 2025, holding **$49.8 million** in cash and marketable securities, with a going concern disclosure [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section presents the company's condensed consolidated balance sheets as of March 31, 2025, and December 31, 2024 Condensed Consolidated Balance Sheet Highlights (Unaudited) | (in thousands) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $18,348 | $22,261 | | Marketable securities | $31,536 | $44,551 | | Total current assets | $51,903 | $69,171 | | **Total Assets** | **$59,051** | **$76,173** | | **Liabilities & Equity** | | | | Total current liabilities | $15,489 | $16,207 | | Loan payable | $14,338 | $14,292 | | **Total Liabilities** | **$42,194** | **$43,215** | | Accumulated deficit | ($328,633) | ($309,878) | | **Total Stockholders' Equity** | **$16,857** | **$32,958** | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) This section details the company's condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2025 and 2024 Condensed Consolidated Statements of Operations (Unaudited) | (in thousands, except per share data) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Total revenue | $868 | $620 | | Research and development | $13,482 | $9,112 | | Selling, general and administrative | $6,263 | $5,897 | | Loss from operations | ($18,921) | ($14,423) | | **Net loss** | **($18,755)** | **($13,463)** | | **Net loss per share, basic and diluted** | **($0.49)** | **($0.38)** | [Condensed Consolidated Statements of Stockholders' Equity (Deficit)](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity%20(Deficit)) This section outlines the changes in stockholders' equity for the three months ended March 31, 2025 - For the three months ended March 31, 2025, total stockholders' equity decreased from **$32.96 million** to **$16.86 million**, primarily due to a **$18.76 million** net loss, partially offset by **$2.97 million** in stock-based compensation[18](index=18&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section presents the company's condensed consolidated statements of cash flows for the three months ended March 31, 2025 and 2024 Condensed Consolidated Statements of Cash Flows Highlights (Unaudited) | (in thousands) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | ($16,616) | ($13,114) | | Net cash provided by investing activities | $12,999 | $5,861 | | Net cash (used in) provided by financing activities | ($296) | $18 | | **Net decrease in cash and cash equivalents** | **($3,913)** | **($7,235)** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed notes to the unaudited condensed consolidated financial statements, covering significant accounting policies and agreements - The company is a biomedical innovation firm with flagship products **AVIM therapy** (partnered with Medtronic) for hypertension and **Virtue SAB** (partnered with Terumo) for artery disease[22](index=22&type=chunk) - The company is in mediation with Terumo regarding potential adjustments to milestone payments, where an unfavorable outcome could adversely impact the **Virtue SAB** program[82](index=82&type=chunk) - Under the Medtronic Agreement, the company sponsors a pivotal study for **AVIM therapy**, with Medtronic holding exclusive global commercialization rights and the company receiving sales-based payments[92](index=92&type=chunk)[93](index=93&type=chunk) - In November 2024, the company secured a term loan facility of up to **$50.0 million** with Hercules Capital, drawing an initial **$15.0 million** tranche, subject to financial covenants including minimum cash requirements[140](index=140&type=chunk)[144](index=144&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=47&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management reported an increased net loss of **$18.8 million** for Q1 2025, driven by higher R&D expenses, with current liquidity of **$49.9 million** insufficient for the next 12 months, necessitating further funding efforts - The company received **FDA Breakthrough Device Designation** for its **AVIM therapy system** for hypertension, expediting development and priority review[165](index=165&type=chunk) - The company received FDA approval for an amended IDE to initiate the **Virtue Trial** for its **Virtue SAB** product, with enrollment targeted for the second half of 2025[166](index=166&type=chunk)[167](index=167&type=chunk) - The company's liquidity of **$49.9 million** as of March 31, 2025, is insufficient to fund operations for the next twelve months, raising substantial doubt about its ability to continue as a going concern[214](index=214&type=chunk) [Results of Operations](index=57&type=section&id=Results%20of%20Operations) Total revenue increased **40%** to **$0.87 million** in Q1 2025, while total operating expenses grew **32%** to **$19.8 million**, resulting in a **39%** higher net loss of **$18.8 million** Comparison of the Three Months Ended March 31, 2025 and 2024 (in thousands) | | 2025 | 2024 | Change $ | Change % | | :--- | :--- | :--- | :--- | :--- | | **Total revenue** | **$868** | **$620** | **$248** | **40%** | | Partnership revenue | $732 | $497 | $235 | 47% | | **Total expenses** | **$19,789** | **$15,043** | **$4,746** | **32%** | | Research and development | $13,482 | $9,112 | $4,370 | 48% | | Selling, general and administrative | $6,263 | $5,897 | $366 | 6% | | **Net loss** | **($18,755)** | **($13,463)** | **($5,292)** | **(39)%** | - R&D expenses increased by **$4.4 million (48%)** to **$13.5 million** in Q1 2025, primarily due to increased costs for the **BACKBEAT pivotal study** and advancing the **Virtue SAB** program[193](index=193&type=chunk) [Liquidity and Capital Resources](index=60&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2025, the company held **$49.9 million** in cash and marketable securities, but these resources are insufficient to fund operations for the next 12 months, necessitating additional capital raising efforts - The company has an active at-the-market (ATM) sales agreement with TD Cowen to sell up to **$100 million** of common stock, with the full amount available as of March 31, 2025[199](index=199&type=chunk) - The company has a secured term loan facility of up to **$50.0 million** with Hercules, with **$15.0 million** drawn and further tranches available upon achieving performance milestones[200](index=200&type=chunk) - Future funding requirements depend on clinical study costs and pace, potentially necessitating additional liquidity through new equity, further debt drawdowns, or other financing structures[209](index=209&type=chunk)[210](index=210&type=chunk) [Critical Accounting Policies and Estimates](index=66&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) The company's critical accounting policies involve significant judgment, particularly in revenue recognition for the Terumo partnership and the valuation of stock-based compensation using the Black-Scholes model - Revenue from the **Terumo Agreement** is recognized over time using a proportional performance model, requiring estimates of total costs to complete the performance obligation, currently projected for 2029[235](index=235&type=chunk) - The company estimates the fair value of stock option grants using the **Black-Scholes model**, with key assumptions including expected term, volatility, and risk-free interest rate[245](index=245&type=chunk) - As of March 31, 2025, the company had approximately **$15.5 million** of total unrecognized stock-based compensation, expected to be recognized over a weighted-average period of about **2.2 years**[246](index=246&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=76&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section is not applicable for the reporting period [Controls and Procedures](index=76&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting during the quarter - The company's management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of March 31, 2025[257](index=257&type=chunk) - No material changes in internal control over financial reporting occurred during the quarter ended March 31, 2025[258](index=258&type=chunk) [PART II. OTHER INFORMATION](index=78&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section covers legal proceedings, risk factors, equity sales, defaults, mine safety, and other disclosures [Legal Proceedings](index=78&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any material legal proceedings and is unaware of any pending or threatened legal actions that would materially affect its business - As of the report date, the company is not involved in any material legal proceedings[262](index=262&type=chunk) [Risk Factors](index=78&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors from the 2024 Form 10-K, except for a new risk concerning potential adverse effects from changes in trade policy and tariffs - A new risk factor was added regarding changes to trade policy, where tariffs and economic sanctions could adversely affect the company's business and financial condition[264](index=264&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=78&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) There were no unregistered sales of equity securities during the period - None reported for the period[265](index=265&type=chunk) [Defaults Upon Senior Securities](index=78&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) There were no defaults upon senior securities during the period - None reported for the period[266](index=266&type=chunk) [Mine Safety Disclosures](index=78&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company [Other Information](index=78&type=section&id=Item%205.%20Other%20Information) No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the three months ended March 31, 2025 - No directors or officers adopted or terminated a Rule 10b5-1 trading arrangement during the quarter[268](index=268&type=chunk) [Exhibits](index=80&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including the Certificate of Incorporation, Bylaws, and certifications by the CEO and CFO
Orchestra BioMed’s AVIM Therapy Global Intellectual Property Estate Reaches 137 Issued Patents for the Treatment of Hypertension and Heart Failure
Globenewswire· 2025-05-07 12:30
Core Insights - Orchestra BioMed is expanding its intellectual property portfolio, securing 10 new patents related to hypertension treatment, bringing the total to 120 patents in this area [2][6] - The company has also increased its patent estate for heart failure treatment to 17 issued patents, enhancing its overall IP platform [2][6] - AVIM therapy is currently being evaluated in the BACKBEAT global pivotal study for treating uncontrolled hypertension in patients indicated for pacemakers, highlighting its potential impact on broader cardiovascular health [2][8] Intellectual Property Expansion - The global intellectual property portfolio for AVIM therapy includes patent protection in key markets such as the United States, Europe, Japan, and China [3] - The hypertension-specific patent estate now consists of 46 issued U.S. patents and 91 patents outside the U.S., collectively comprising over 2100 claims related to hypertension and heart failure [6] Strategic Collaborations - Orchestra BioMed has a strategic collaboration with Medtronic for the development and commercialization of AVIM therapy, focusing on hypertension treatment in pacemaker-indicated patients [4] - The company is also partnered with Terumo for the development of the Virtue Sirolimus AngioInfusion™ Balloon for treating atherosclerotic artery disease [4] Regulatory Designations - AVIM therapy has received Breakthrough Device Designation from the U.S. FDA for treating uncontrolled hypertension with increased cardiovascular risk, which may expedite its development and market access [2][6][9]