Welcome to our dedicated page for SeaStar Medical Holding news (Ticker: ICU), a resource for investors and traders seeking the latest updates and insights on SeaStar Medical Holding stock.
SeaStar Medical Holding Corp (ICU) is a medical technology innovator developing extracorporeal therapies to combat hyperinflammation's impact on vital organs. This page serves as the definitive source for verified company news and regulatory developments.
Investors and healthcare professionals will find timely updates on clinical trial progress, FDA regulatory milestones, and strategic partnerships shaping the future of inflammation management. Our curated news collection covers essential developments including product innovations, research collaborations, and market expansion efforts.
All content undergoes rigorous verification to ensure accuracy regarding SeaStar Medical's patented technologies and their clinical applications. Regular updates provide insights into the company's progress in commercializing therapies that target cytokine storms and immune system modulation.
Bookmark this page for streamlined access to breaking news about ICU's medical device advancements, peer-reviewed research findings, and healthcare sector initiatives. Check back frequently for objective reporting on developments impacting both patient care and investment considerations.
SeaStar Medical Holding (Nasdaq: ICU) has announced the addition of three new members to its Board of Directors: Jennifer A. Baird, Bernadette N. Vincent, and John Neuman. This transition follows their 2024 Annual Meeting of Stockholders on June 4, where Baird and Vincent were elected. Neuman joined the Board on June 5. The new directors bring extensive leadership, financial, and industry expertise. Concurrently, Bruce Rodgers and Richard Russell did not seek reelection, and Andres Lobo retired from Dow Chemical, resulting in his Board departure. This board restructuring aligns with SeaStar Medical's transition to a commercial-stage company.
Baird brings experience from healthcare and renewable energy sectors, Vincent from healthcare operations and non-profit kidney care, and Neuman from global financial accounting and mergers. Their combined expertise is expected to support SeaStar Medical's commercial growth and strategic objectives.
SeaStar Medical Holding (Nasdaq: ICU) has published a peer-reviewed article in Nature Scientific Reports detailing the mechanism of action of its Selective Cytopheretic Device (SCD) in immunomodulating excessive inflammation. The study, co-authored by Angela J. Westover et al., investigates SCD's evolving approach to treating organ dysfunction caused by hyperinflammation and cytokine storms by processing leukocytes extracorporeally. Key findings indicate that SCD's low calcium blood circuit aids in the selective adhesion and transformation of activated neutrophils and monocytes, reducing inflammation and promoting tissue repair. The device has shown potential in treating chronic inflammatory conditions like chronic heart failure, cirrhosis, and chronic kidney disease, and may reduce the progression of end-stage renal disease. SeaStar Medical aims to expand SCD’s applications to other high-value, underserved clinical conditions.
SeaStar Medical, a commercial-stage medical device company listed on Nasdaq as ICU, will present at the Virtual Emerging Growth Conference on June 12, 2024. CEO Eric Schlorff will conduct a fireside chat at 12:35 p.m. Eastern time to provide an overview of the company and its Selective Cytopheretic Device (SCD). The chat will also discuss recent company updates. Investors can submit questions in advance or attend the live event. An archived webcast will be available 48 hours post-event on SeaStar Medical's website.
SeaStar Medical Holding (Nasdaq: ICU) announced a 25-for-1 reverse stock split, effective June 7, 2024, at 5:00 PM EDT. The common stock will trade on a split-adjusted basis starting June 10, 2024, under the same ticker symbol 'ICU' but with a new CUSIP number 81256L203. This move aims to increase the market price of the stock to meet Nasdaq's $1.00 minimum bid price requirement. Each 25 pre-split shares will convert to 1 post-split share, and fractional shares will be rounded up to the nearest whole share. Shareholders of record will receive updates from Continental Stock Transfer and Trust Company.
SeaStar Medical Holding (Nasdaq: ICU) announced the publication of a manuscript in Transplantation Direct reviewing four case studies involving their Selective Cytopheretic Device (SCD). The device demonstrated effectiveness in stabilizing and improving the clinical status of critically ill patients aged 22 months to 71 years, suffering from multiorgan failure. These patients subsequently became eligible for stem cell or liver transplants or left ventricular assist device implantation. The study highlights SCD's potential in mitigating hyperinflammation and aiding organ recovery without causing serious adverse events. The company aims to further investigate SCD's benefits through additional clinical studies and secure market approvals.
SeaStar Medical Holding (Nasdaq: ICU) reported its Q1 2024 financial results and provided a business update. The company anticipates initial sales of Quelimmune™ Pediatric for addressing acute kidney injury (AKI) and sepsis in children in the coming weeks, targeting a U.S. pediatric AKI patient population estimated at 4,000 annually. The company has enrolled 31 subjects in its NEUTRALIZE-AKI trial for its Selective Cytopheretic Device Adult (SCD-ADULT) for adult AKI patients. SeaStar eliminated senior secured debt, ending Q1 with $5 million in cash. R&D expenses remained steady at $1.7 million, while G&A expenses decreased to $2.3 million. However, a significant net loss of $12.7 million was reported, largely due to non-cash losses from derivative financial instruments. The company also received several Breakthrough Device Designations for its SCD technology across various conditions.
SeaStar Medical Holding (Nasdaq: ICU) has been awarded a $3.6 million NIH grant for a clinical trial to evaluate the Selective Cytopheretic Device Adult (SCD-ADULT) in patients with severe chronic heart failure (CHF). The grant aims to study SCD-ADULT as a bridging strategy to left ventricular assist device (LVAD) implantation in patients with acute decompensated heart failure (ADHF). The company hopes this study will pave the way for FDA approval.
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