Nuwellis Inc Stock Price, News & Analysis

Nuwellis, Inc. (NASDAQ: NUWE) announced the successful closing of an underwritten public offering, generating gross proceeds of approximately $11.04 million. This offering included the full exercise of the underwriter's over-allotment option. The transaction comprised 15,235,196 Class A Units at $0.25 each, and 23,157,124 Class B Units, also priced at $0.25. Each Class A Unit consists of one share of common stock and 1.5 warrants, while Class B Units consist of one share of Series I convertible preferred stock. The warrants will be exercisable contingent on stockholder approval of a reverse stock split.

Nuwellis, Inc. (Nasdaq: NUWE) announced an underwritten public offering of units, aiming to raise approximately $9.6 million before costs. The offering includes 15,235,196 Class A Units and 23,157,124 Class B Units, each priced at $0.25. Each unit consists of common stock and warrants to purchase additional shares. Stockholder approval is required for the warrants' exercise, contingent upon a reverse stock split. Closing is anticipated on October 18, 2022. Ladenburg Thalmann is acting as the sole book-running manager.

Nuwellis, Inc. (Nasdaq: NUWE) announced significant findings from the AVOID-HF clinical study at the HFSA 2022 Annual Scientific Meeting. The analysis revealed that ultrafiltration outperforms diuretics in reducing heart failure events, showcasing an 81% increase in wins at 30 days and a 109% increase at 90 days. The results support the effectiveness of the Aquadex System in managing fluid overload, promising better outcomes for patients and potential cost savings for healthcare systems. Nuwellis aims to set Aquadex therapy as the standard for fluid management in heart failure patients.

Nuwellis, Inc. (Nasdaq: NUWE) has activated three new sites for its pivotal REVERSE-HF clinical study, evaluating ultrafiltration therapy against IV diuretics for heart failure patients with fluid overload. New sites include Jefferson Abington Hospital, UCSF, and Baycare Morton Plant Hospital. The study aims to provide evidence on the clinical, economic, and quality-of-life benefits of ultrafiltration therapy, especially for patients unresponsive to traditional diuretics, amidst over 1 million annual hospitalizations for heart failure in the U.S.

Nuwellis (Nasdaq: NUWE) announced promising clinical data supporting the use of Aquadex FlexFlow® System for fluid management in high-risk postoperative coronary artery bypass grafting (CABG) patients. A study published in the Journal of Cardiac Surgery revealed a 100% 30-day survival rate among 17 patients treated with ultrafiltration, despite a high mean mortality score of 5.7%. This innovative approach addresses fluid overload, a significant risk factor for morbidity and mortality in CABG surgeries. The company aims to further research the application of Aquadex technology across more institutions.

Nuwellis, Inc. (Nasdaq: NUWE) has received a patent for a novel technology aimed at enhancing fluid balance and safety during pediatric dialysis and hemofiltration. The innovation allows healthcare providers to sense pressure changes in connected pumps, enabling timely therapeutic adjustments. Funded partly by a $1.7 million NIH grant, Nuwellis is also developing a fully integrated continuous renal replacement therapy device for infants and children, in collaboration with KBT. This advancement supports the company's mission to improve outcomes for patients with fluid overload.

Nuwellis, Inc. (NASDAQ: NUWE) announced on August 19, 2022, that independent directors approved equity awards under the 2021 Inducement Plan for six new employees. These awards, complying with NASDAQ Listing Rule 5635(c)(4), consist of options to purchase a total of 22,334 shares at an exercise price of $0.66 each, the closing price on the grant date. The options have a ten-year term, vesting over four years. Nuwellis specializes in ultrafiltration therapy and is focused on enhancing treatment for patients suffering from fluid overload.

Nuwellis, Inc. (Nasdaq: NUWE) announced its participation in the Inaugural Gilmartin Group Emerging Growth Company Showcase, set to occur virtually on August 31, 2022, at 10:00 am ET. Management will present details about their innovative medical device, the Aquadex SmartFlow® system, which is essential for treating fluid overload conditions. Interested parties can access the live webcast and find archived materials on the Nuwellis website post-event. This highlights Nuwellis's commitment to improving patient outcomes through cutting-edge technology.

Nuwellis, Inc. (Nasdaq: NUWE) reported a total revenue of $2.2 million for Q2 2022, marking a 15% sequential increase from Q1 2022, although 12% lower year-over-year. The company enrolled its first patient in the pivotal REVERSE-HF clinical trial for Aquadex therapy and reduced operating expenses by 14% from Q2 2021, reinforcing cash management. CEO Nestor Jaramillo expressed optimism about the momentum gained, crediting strategic initiatives that position the company favorably for the remainder of 2022.