Workflow
CardiALLO allogeneic cell therapy
icon
Search documents
BioCardia Reports Second Quarter 2025 Business Highlights and Financial Results
Globenewswire· 2025-08-11 13:15
Core Insights - BioCardia, Inc. reported its financial results for Q2 2025, highlighting advancements in its cellular and cell-derived therapeutics for cardiovascular and pulmonary diseases [1][6] Recent Business Highlights - The CardiAMP autologous cell therapy for ischemic heart failure (BCDA-01) demonstrated a 107-second increase in exercise tolerance and an 82% reduction in angina episodes at the six-month follow-up [2] - The CardiALLO allogeneic cell therapy (BCDA-03) is progressing with a Phase 1/2 trial, having completed a low dose cohort with no adverse events reported [2][4] - The CardiAMP HF Trial results indicated a lower incidence of all-cause death and non-fatal major adverse cardiovascular events (MACCE) compared to the control group [3] Financial Results - Research and development expenses rose to approximately $1.4 million for Q2 2025, up from $0.8 million in Q2 2024, primarily due to activities related to the CardiAMP HF Trial [8] - The net loss for Q2 2025 was approximately $2.0 million, compared to $1.6 million in Q2 2024, attributed to increased trial-related expenses [8][15] - Cash balance as of June 30, 2025, was approximately $980,000, with subsequent stock sales increasing the balance to approximately $1.1 million [8][16] Intellectual Property - BioCardia's patent portfolio was strengthened with the issuance of US patent No. 12,311,127 for a delivery catheter system, enhancing its capabilities in minimally invasive heart therapies [5] Anticipated Upcoming Milestones - The company plans to submit for approval of the Helix biotherapeutic delivery system in Q3 2025 and anticipates key meetings with regulatory agencies in Q4 2025 [9][13]
BioCardia Announces Positive DSMB Review of CardiALLO Allogeneic Cell Therapy for Heart Failure Phase 1/2 Clinical Trial
Newsfilter· 2025-04-15 12:30
Core Insights - The Independent Data Safety Monitoring Board (DSMB) has recommended that the CardiALLO-HF trial proceed as planned based on a 30-day safety assessment of participants treated with a low dosage of 20 million cells [1][2] - BioCardia, Inc. is advancing its allogeneic mesenchymal stromal/stem cell therapy, which has potential implications for funding and partnerships [3] Company Overview - BioCardia, Inc. is a leader in cellular and cell-derived therapeutics aimed at treating cardiovascular and pulmonary diseases, with its headquarters in Sunnyvale, California [5] - The company has two main biotherapeutic platforms: CardiAMP® (autologous) and CardiALLO™ (allogeneic), with three clinical stage product candidates currently in development [5] Trial Details - The CardiALLO Heart Failure Trial is a Phase I/II study that includes a nine-patient dose escalation cohort followed by a thirty-patient randomized double-blinded placebo-controlled cohort [4] - The trial will evaluate three escalating doses of 20 million, 100 million, and 200 million cells, utilizing the Helix minimally invasive delivery system [4] Clinical Significance - Previous clinical results from the TRIDENT trial indicated that higher dosages of MSC reduced myocardial scar and improved left ventricular ejection fraction [3] - The CardiALLO HF trial is expected to target patients with active inflammation and aims to use at least twice the effective dosage compared to previous studies [3]