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Longeveron Announces Updated Results from ELPIS II Phase 2b Clinical Trial Evaluating Laromestrocel as a Potential Treatment for Hypoplastic Left Heart Syndrome (HLHS)

The secondary cardiac-event findings accompany a missed primary endpoint; Longeveron intends to seek FDA feedback on potential next steps.

(Very High)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Longeveron (NASDAQ: LGVN) reported updated ELPIS II Phase 2b results showing a statistically significant secondary endpoint for laromestrocel in infants with HLHS. The trial evaluated the investigational cell therapy alongside Stage II surgery in 40 infants with hypoplastic left heart syndrome, a congenital heart defect. Major adverse cardiac events numbered 8 with standard care versus 1 with laromestrocel (p=0.043).

The trial did not meet its primary endpoint of change in right ventricular ejection fraction, a measure of heart pumping function, at Month 12. Baseline and Month 12 imaging were available for 28 infants. Total major cardiac events numbered 22 versus 3 (p<0.001). No treatment-related serious adverse events were identified through 12 months. Longeveron intends to request an FDA meeting to review the results and determine potential next steps.

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8 points · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

1 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

  • Moderate pointMajor adverse cardiac events totaled 8 with standard care versus 1 with laromestrocel (p=0.043).
  • Moderate pointTotal major cardiac events were 22 versus 3; rate ratio 0.16 (95% CI: 0.030–0.52), p<0.001.
  • Minor pointInfants with at least one major cardiac event numbered 9 with standard care versus 3 with laromestrocel.
  • Minor pointTricuspid regurgitation events or valve surgery numbered 5 with standard care versus 0 with laromestrocel (p=0.066).
  • Minor pointDeaths numbered 1 with standard care versus 0 with laromestrocel.
3 minor points
  • Minor pointVentricular assist device implantations numbered 1 with standard care versus 0 with laromestrocel.
  • Minor pointNo treatment-related serious adverse events were identified through 12 months.
  • Minor point. Forward-looking: it has not happened yet and may not happen.FDA review meeting is planned to be requested to determine potential next steps for the HLHS program.

Negative

  • Major pointPrimary endpoint was not met: mean ejection fraction decreased 2.6 percentage points with standard care and 3.3 with laromestrocel (p=0.68).
  • Minor pointPaired baseline and Month 12 imaging was available for 28 of the 40 randomized infants.
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Market move: LGVN -3.13% vs previous close. Phase 2b clinical data

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Key Figures

Trial population: 40 infants Primary endpoint RVEF difference: -1.36 percentage points (95% CI: -8.0 to 6.7; p=0.68) Total major cardiac events: 22 in SOC vs. 3 with laromestrocel; rate ratio=0.16 (95% CI: 0.030-0.52; p<0.001) +2 more
Trial population
40 infants
ELPIS II Phase 2b trial
Primary endpoint RVEF difference
-1.36 percentage points (95% CI: -8.0 to 6.7; p=0.68)
Baseline-adjusted difference at Month 12
Total major cardiac events
22 in SOC vs. 3 with laromestrocel; rate ratio=0.16 (95% CI: 0.030-0.52; p<0.001)
Prespecified secondary clinical outcome analysis
MACE
8 events in SOC vs. 1 with laromestrocel (p=0.043)
Prespecified secondary endpoint; statistically significant
Treatment-related serious adverse events
0 events
Through 12 months

Previous Clinical trial Reports

1 past event · Latest: Sep 16
Same Type 1 event
  1. Sep 16

    Clinical trial results

    24h Move
    -59.4%

    ELPIS II missed its primary RVEF endpoint; exploratory MACE differences were not significant.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

major adverse cardiac events, right ventricular ejection fraction, intention-to-treat, cardiovascular magnetic resonance
4 terms
major adverse cardiac events medical
"major adverse cardiac events (MACE) showed statistical significance"
Major adverse cardiac events (MACE) is a clinical composite measure that counts serious heart-related outcomes such as heart attack, stroke, urgent need for a heart procedure, or death from cardiovascular causes. Investors care because MACE is used to judge whether a drug, device, or treatment meaningfully reduces life‑threatening heart problems — like a safety and effectiveness scorecard — and outcomes can directly affect a medical product’s approval, market size, and commercial value.
right ventricular ejection fraction medical
"change from baseline in right ventricular ejection fraction (RVEF)"
Right ventricular ejection fraction (RVEF) is the percentage of blood the heart’s right lower chamber pumps out with each beat, a simple measure of how well that chamber is working. Think of it like the share of water a pump empties from a bucket each stroke; lower numbers mean weaker pumping. For investors, RVEF matters because it is a common clinical endpoint and severity marker that can influence demand for therapies, device sales, trial results, regulatory decisions and healthcare costs.
intention-to-treat technical
"in the intention-to-treat (ITT) population"
A method for analyzing clinical trial results that counts every participant in the group they were originally assigned to, regardless of whether they completed the treatment or followed the protocol. Like judging a sports team's season based on the original roster rather than only the players who actually played every game, it gives a conservative, real-world estimate of how a treatment performs and helps investors judge the likelihood regulators and markets will value the therapy.
cardiovascular magnetic resonance medical
"baseline and Month 12 cardiovascular magnetic resonance (CMR)"
A medical imaging technique that uses magnetic fields and radiofrequency pulses to create detailed pictures of the heart and nearby blood vessels; it is commonly called cardiac MRI. It shows heart anatomy, chamber sizes, wall motion, blood flow, tissue characteristics (for example inflammation, scar, or fat) and can measure blood flow volumes and pressures noninvasively; some studies use an injected gadolinium contrast agent to highlight perfusion or scar. It relies on MRI physics and specialized pulse sequences, is distinct from CT or ultrasound, and has practical limits (for example certain metal implants or severe claustrophobia can prevent its use).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Important Secondary Clinical Outcome Endpoint MACE Achieved Statistical Significance

ELPIS II 2 Data in HLHS Selected for Late-Breaking Science Program Podium Presentation in the American Heart Association’s (AHA) 2026 Scientific Sessions

  • As previously reported, the ELPIS II trial did not meet the primary endpoint of increase in right ventricular ejection fraction (RVEF) at month 12 and the Company planned to continue analysis of additional data
  • Additional analysis demonstrates an important pre-specified secondary clinical outcome endpoint, major adverse cardiac events (MACE), achieved statistical significance with 8 events in the standard of care arm versus 1 in the laromestrocel treatment arm (P=0.043)
  • Laromestrocel was associated with fewer adjudicated clinical and safety events than the standard of care arm
  • The Company believes the results suggest that laromestrocel may have the potential to meaningfully improve clinical outcomes of children with HLHS undergoing Stage II surgical palliation

MIAMI, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Longeveron Inc. (NASDAQ: LGVN), a clinical stage biotechnology company developing cellular therapy for life-threatening, rare pediatric and chronic aging-related conditions, today announced updated results from ELPIS II following planned additional analysis conducted by the Company and the National Institutes of Health (NIH) funded trial investigators. ELPIS II is the Company’s Phase 2b clinical trial evaluating its investigational stem cell therapy laromestrocel as an adjunct to Stage 2 palliative surgery in 40 infants with hypoplastic left heart syndrome (HLHS).

The ELPIS II trial did not meet the primary efficacy endpoint of change from baseline in right ventricular ejection fraction (RVEF) at Month 12. Based on the secondary endpoints, laromestrocel was associated with fewer adjudicated clinical and safety events than the standard of care (SOC) arm. Additional review of the pre-specified secondary endpoint major adverse cardiac events (MACE) showed statistical significance with 8 events in the SOC arm versus 1 in the laromestrocel treatment arm (P=0.043). Laromestrocel demonstrated a favorable safety and tolerability profile through 12 months, with no treatment-related serious adverse events identified. The Company believes the favorable pre-specified secondary endpoint findings suggest that laromestrocel has the potential to meaningfully improve clinical outcomes of children with HLHS undergoing Stage II surgical palliation. The Company intends to request a meeting with the U.S. Food and Drug Administration (FDA) to review the results to determine potential next steps for the HLHS development program.

Results
Among the 40 randomized infants in the intention-to-treat (ITT) population, baseline and Month 12 cardiovascular magnetic resonance (CMR) were available for 28 infants (15-S0C, 13- Laromestrocel group). Mean RVEF decreased by 2.6(SD=10.5) percentage points in the SoC group and 3.3 (SD=8.4) percentage points in the Laromestrocel group, with no statistically significant difference between 2 groups (baseline adjusted difference=-1.36, 95% CI: -8.0 - 6.7, p=0.68).

Additional analysis for prespecified secondary clinical outcome endpoints is presented as below.

EndpointSOCLaromestrocelComparison
Infants with >= 1 major cardiac event, n93-
Total major cardiac events, n223Rate Ratio=0.16 (95%CI: 0.030-0.52); p<0.001
Major Cardiac event rate (per 100 person-days)0.2610.041-
Total MACE, n81p=0.043
MACE rate (per 100 person-days)0.0950.014-
TR events or Valve surgery50p=0.066
Death, n10-
Ventricular assist device implantation, n10-

Note: Event rates were calculated over a total of 15757 person-days of follow-up. MACE - Major adverse cardiac events, TR - Tricuspid regurgitation

The Company thanks the patients, families, investigators, and clinical sites who participated in the ELPIS II trial, as well as the NIH and the Data Coordinating and Clinical Coordinating Centers for their partnership throughout the study.

American Heart Association’s (AHA) 2026 Scientific Sessions
The Phase 2 data from the ELPIS II trial have been selected for a Late-Breaking Science Program podium presentation at the American Heart Association’s (AHA) 2026 Scientific Sessions which will take place in Chicago on November 6-9, 2026.

Presentation 
Date:Sunday, November 8, 2026
Time:10:10am CDT
Session:Featured Science, FS.07, Heart Failure Care for Novel Phenotypes
Title:ELPIS II: A Phase 2b Randomized Clinical Trial to Evaluate the Efficacy and Safety of Laromestrocel as Adjunct Therapy During Stage II Palliation for Hypoplastic Left Heart Syndrome
  

About ELPIS II
ELPIS II is an investigational Phase 2b, randomized, double-blind, multicenter, two-arm trial conducted by Longeveron in collaboration with the National Heart, Lung, and Blood Institute (NHLBI) through grants from the National Institutes of Health (NIH) (ClinicalTrials.gov: NCT04925024). A total of 40 infants with HLHS were randomized 1:1 to receive a single intramyocardial dose of an investigational drug called laromestrocel that was administered during Stage 2 palliative surgery (bidirectional Glenn or hemi-Fontan procedure) or standard of care surgery alone, and were followed for 12 months. Long-term follow-up for transplant-free survival is planned for up to 5 years.

The trial’s primary endpoint was the difference between groups’ change from baseline in RVEF at 12 months, assessed by cardiac magnetic resonance (CMR). As previously disclosed, FDA has advised Longeveron that RVEF alone would not be sufficient to demonstrate efficacy for regulatory approval.

Research reported in this press release was supported by the National Heart, Lung, And Blood Institute of the National Institutes of Health under Award Number UH3HL148318. The content is solely the responsibility of the Company and does not necessarily represent the official views of the National Institutes of Health.

About Hypoplastic Left Heart Syndrome (HLHS)
HLHS is a rare congenital heart defect that affects approximately 1,000 infants per year in the U.S. Infants with HLHS are born with an underdeveloped left ventricle, which creates a life-threatening condition due to the heart’s inability to pump adequate amounts of blood throughout the body. The current treatment requires infants to undergo a complex three-stage heart reconstruction surgery process over the first five years of their life. Despite staged surgical palliation, long-term mortality and morbidity remain substantial, with progressive right ventricular dysfunction representing a major contributor to adverse outcomes. There is clearly an important unmet medical need to improve right ventricular function in these infants to positively impact both short- and long-term patient outcomes.

About laromestrocel (Lomecel-B®)
Laromestrocel is an investigational living cell product made from specialized cells isolated from the bone marrow of young, healthy adult donors. These specialized cells, known as mesenchymal stem cells (MSCs), are essential to the human endogenous biological repair mechanism. MSCs have the potential to perform a number of complex functions in the body and possibly support tissue repair and regenerative signaling pathways. They also may respond to sites of injury or disease and may secrete bioactive factors that are immunomodulatory and regenerative. We believe laromestrocel MSCs may have multiple potential mechanisms of action that may lead to anti-inflammatory, anti-fibrotic, and/or pro-vascular regenerative responses, and therefore may have broad applicability for a range of rare and aging related diseases.

About Longeveron Inc.
Longeveron is a clinical stage biotechnology company developing regenerative medicines to address unmet medical needs. The Company’s lead investigational product is laromestrocel (Lomecel-B®), an allogeneic mesenchymal stem cell (MSC) therapy product isolated from the bone marrow of young, healthy adult donors. We believe laromestrocel has multiple potential mechanisms of action encompassing pro-vascular, pro-regenerative, anti-inflammatory, and tissue repair and healing effects with broad potential applications across a spectrum of disease areas. Laromestrocel development programs have received five distinct and important FDA designations: for the HLHS program - Orphan Drug designation, Fast Track designation, and Rare Pediatric Disease designation; and, for the AD program - Regenerative Medicine Advanced Therapy (RMAT) designation and Fast Track designation. For more information, visit www.longeveron.com or follow Longeveron on LinkedIn, X, and Instagram.

Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which reflect management’s current expectations, assumptions, and estimates of future operations, performance and economic conditions, and involve known and unknown risks, uncertainties, and other important factors that could cause actual results, performance, or achievements to differ materially from those anticipated, expressed, or implied by the statements made herein. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate, including the occurrence of a meeting or discussion of ELPIS II results with the FDA and the future of the HLHS development program; our ability to pursue funding sources and potential revenue opportunities to advance laromestrocel in longevity and Aging-related frailty; our expectations regarding the review and exploration of all strategic options and their potential impact on shareholder value; our ability to engage an investment bank or other strategic advisor; the continued listing of our Class A common stock on Nasdaq; our expectations regarding the future of the company's operations, including our clinical, development and commercialization activities; our plans to implement cash conservation measures to reduce operating expenses; and other statements regarding future events. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expects,” “intend,” “looks to,” “may,” “on condition,” “plan,” “potential,” “predict,” “preliminary,” “project,” “see,” “should,” “target,” “will,” “would,” or the negative thereof or comparable terminology, although not all forward-looking statements contain these words, or by discussion of strategy or goals or other future events, circumstances, or effects. Additional factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements in this release include, but are not limited to, the risk that the exploration of strategic options may not result in any definitive transaction or enhance shareholder value or may create uncertainty that may adversely affect our business, financial condition, results of operations, or shareholder and investor perception; the ability of our clinical trials to demonstrate safety and efficacy of our investigational product candidates, and other positive results; our ability to successfully transition toward a more capital-efficient, asset-light operating model; our ability to secure one or more strategic licensing partnerships for laromestrocel in our development programs; our ability to reach alignment with the FDA and other regulatory authorities on a potential path toward regulatory approval; the availability of evidence from our ongoing and future preclinical studies and clinical trials sufficient to support the Company filing a BLA for the investigational product candidate for one or more indications; the timing and focus of our ongoing and future preclinical studies and clinical trials, and the reporting of data from those studies and trials; market and other conditions, our cash position and need to raise additional capital, the difficulties we may face in obtaining access to capital, and the dilutive impact it may have on our investors; our financial performance, and ability to continue as a going concern; the period over which we estimate our existing cash and cash equivalents will be sufficient to fund our future operating expenses and capital expenditure requirements; the size of the market opportunity for certain of our investigational product candidates, including our estimates of the number of patients who suffer from the diseases we are targeting; our ability to scale production and commercialize the investigational product candidate for certain indications; the success of competing therapies that are or may become available; the beneficial characteristics, safety, efficacy and therapeutic effects of our investigational product candidates; our ability to obtain and maintain regulatory approval of our investigational product candidates in the U.S. and other jurisdictions; our plans relating to the further development of our investigational product candidates, including additional disease states or indications we may pursue; our plans and ability to obtain or protect intellectual property rights, including extensions of existing patent terms where available and our ability to avoid infringing the intellectual property rights of others; the need to hire additional personnel and our ability to attract and retain such personnel; and our estimates regarding expenses, future revenue, capital requirements and needs for additional financing.

Further information relating to factors that may impact the Company’s results and forward-looking statements are disclosed in the Company’s filings with the Securities and Exchange Commission, including Longeveron’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 17, 2026, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. The Company operates in a highly competitive and rapidly changing environment; therefore, new factors may arise, and it is not possible for the Company’s management to predict all such factors that may arise nor assess the impact of such factors or the extent to which any individual factor or combination thereof, may cause results to differ materially from those contained in any forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this press release based on information available as of the date of this press release, are inherently uncertain, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Investor and Media Inquiries:
Derek Cole
Investor Relations Advisory Solutions
derek.cole@iradvisory.com


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Longeveron's updated ELPIS II trial show for major adverse cardiac events?

The pre-specified secondary endpoint of major adverse cardiac events showed 8 events with standard care versus 1 with laromestrocel (p=0.043). The trial did not meet its primary efficacy endpoint at Month 12.

When will Longeveron present the ELPIS II results at the AHA Scientific Sessions?

The ELPIS II results are scheduled for a podium presentation on November 8, 2026, at 10:10am CDT at the American Heart Association's Scientific Sessions in Chicago. The presentation is part of the Featured Science session, FS.07, Heart Failure Care for Novel Phenotypes.

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