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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 New United States Patent for Helix Biotherapeutic Delivery System
Globenewswire· 2025-06-25 12:00
Core Insights - BioCardia, Inc. has been granted US Patent No. 12,311,127 for its "Radial and Trans-endocardial Delivery Catheter" technology, which focuses on minimally invasive interventional catheter systems for delivering biologic therapies to the heart [1][2]. Company Overview - BioCardia is a leader in cellular and cell-derived therapeutics aimed at treating cardiovascular and pulmonary diseases, with its headquarters in Sunnyvale, California [4]. - The company is developing two main biotherapeutic platforms: CardiAMP autologous and CardiALLO™ allogeneic cell therapies, with three clinical stage product candidates currently in development [4]. Technology and Innovation - The patented helical needle-tipped catheter technology is designed to provide optimal, site-specific treatment while minimizing off-target toxicities and avoiding surgical access to the heart [2]. - The Helix catheter system is integral to the safety and efficacy of the CardiAMP Cell Therapy development program, which aims to improve outcomes for patients with ischemic cardiomyopathies and refractory angina [3]. Future Developments - BioCardia is actively pursuing separate approvals for both the CardiAMP Cell Therapy and the Helix biotherapeutic delivery system, which is expected to facilitate a smooth transition from research to commercialization [3].