Picard Issues Statement on Intraday Stock Price
Globenewswire·2025-10-24 19:07

Core Viewpoint - Picard Medical, Inc. has stated that it is not aware of any undisclosed material changes in its operations or financial condition that would explain the recent volatility in its stock price [1] Company Overview - Picard Medical, Inc. is the parent company of SynCardia Systems, LLC, which is the only provider of commercially available total artificial heart technology for patients with end-stage heart failure [3] - The SynCardia Total Artificial Heart (STAH) is the first artificial heart approved by both the FDA and Health Canada, and it remains the only commercially available artificial heart in the United States and Canada [3] - Over 2,100 implants of the SynCardia Total Artificial Heart have been performed in hospitals across 27 countries, making it the most widely used and extensively studied artificial heart globally [3] Strategic Focus - The company remains committed to executing its strategic and operational priorities while ensuring compliance with all disclosure obligations under applicable securities laws [2]