Orchestra BioMed Holdings Inc Stock Price, News & Analysis

Orchestra BioMed (NASDAQ:OBIO) has secured $111.2 million in total proceeds through strategic transactions and equity offerings. The funding includes $56.2 million from public and private equity offerings and $55 million from royalty-based investments from Medtronic and Ligand.

The transactions include a $40 million public offering of common stock and pre-funded warrants, plus private placements of $11.2 million from Medtronic and $5 million from Ligand. Additionally, Ligand committed $35 million for AVIM therapy and Virtue SAB royalties, while Medtronic pledged $20 million through a convertible promissory note.

The proceeds will extend Orchestra BioMed's cash runway into second half of 2027, supporting the completion of BACKBEAT study enrollment and substantial enrollment of the Virtue Trial.

Orchestra BioMed (Nasdaq: OBIO) has announced the pricing of a $40 million public offering, consisting of 9,413,637 shares of common stock at $2.75 per share and pre-funded warrants for 5,136,363 shares at $2.7499 per warrant.

The company granted underwriters a 30-day option to purchase up to 2,182,500 additional shares. The offering, expected to close on August 4, 2025, will fund Orchestra's AVIM therapy program, the BACKBEAT study, and the Virtue Sirolimus AngioInfusion Balloon (SAB) program. Piper Sandler and TD Cowen are serving as joint book-running managers for the offering.

Orchestra BioMed (NASDAQ: OBIO) has announced a proposed public offering of common stock and pre-funded warrants. The company will grant underwriters a 30-day option to purchase up to an additional 15% of shares at the public offering price.

The proceeds will fund the company's atrioventricular interval modulation (AVIM) therapy program, the BACKBEAT study, and the Virtue Sirolimus AngioInfusion Balloon (SAB) program and trial. Remaining funds will support research, clinical development, and general corporate purposes. Piper Sandler and TD Cowen are serving as joint book-running managers for the offering.

Orchestra BioMed (NASDAQ:OBIO) has secured $70 million in strategic capital from Ligand Pharmaceuticals and Medtronic to advance its late-stage cardiology programs. Ligand will invest $40 million, including $35 million for tiered royalties on AVIM therapy and Virtue SAB sales, plus $5 million in equity. Medtronic will contribute $30 million, comprising $10 million in equity and a $20 million convertible note.

The companies have expanded their collaboration to include development of AVIM therapy-enabled leadless pacemakers. Ligand will receive a low double-digit royalty on the first $100 million in revenues and mid-single-digit royalty on revenues exceeding $100 million. The strategic investment aims to advance Orchestra's technologies targeting hypertension and arterial disease treatments.

Vivasure Medical has announced two significant regulatory milestones for its PerQseal® Elite vascular closure system. The company has submitted a Premarket Approval (PMA) application to the FDA for arterial procedures and received European CE mark approval for expanded indication covering large-bore venous closure.

PerQseal Elite is positioned as the first fully bioresorbable, sutureless solution in Europe for both arterial and venous access closure. The system features a unique inside-vessel deployment mechanism and requires no pre-procedure steps, offering advantages over conventional closure techniques that leave behind materials like collagen, metal implants, or sutures.

Orchestra BioMed presented key insights on AVIM (atrioventricular interval modulation) therapy at CSI Frankfurt 2025, highlighting its potential for treating hypertensive heart disease. Dr. Daniel Burkhoff showcased AVIM as a device-based blood pressure management solution specifically designed for high-risk patients with indicators of diastolic dysfunction and progression to HFpEF. The therapy targets over 7.7 million U.S. patients with hypertensive heart disease, recently receiving FDA Breakthrough Device Designation. AVIM therapy works by reducing cardiac preload and modulating autonomic nervous system responses to improve cardiovascular function. The company is currently conducting the BACKBEAT global pivotal study in collaboration with Medtronic, enrolling patients with uncontrolled hypertension who need dual-chamber pacemakers.

Orchestra BioMed (NASDAQ: OBIO) reported Q1 2025 financial results and significant regulatory milestones. The company received FDA Breakthrough Device Designation for its AVIM therapy targeting uncontrolled hypertension and cardiovascular risk. Additionally, the FDA approved an IDE for the Virtue SAB U.S. pivotal trial, comparing their sirolimus-based technology against a paclitaxel-coated balloon. Financial highlights include: cash position of $49.9 million, revenue of $0.9 million (up from $0.6M in Q1 2024), and a net loss of $18.8 million ($0.49 per share). R&D expenses increased to $13.5 million (from $9.1M), primarily due to the BACKBEAT global pivotal study costs. The company's AVIM therapy patent portfolio expanded to 137 issued patents worldwide.

Orchestra BioMed (NASDAQ: OBIO) has significantly expanded its intellectual property portfolio for AVIM therapy, securing 10 new patents for hypertension treatment in the past 12 months. The company's global patent estate now totals 137 issued patents, including 120 patents for hypertension and 17 for heart failure treatment, comprising over 2,100 claims. The portfolio includes 46 U.S. patents and 91 international patents across key markets including Europe, Japan, and China.

AVIM therapy recently received FDA Breakthrough Device Designation for treating uncontrolled hypertension in high-risk cardiovascular patients. The therapy is currently being evaluated in the BACKBEAT global pivotal study for treating uncontrolled hypertension in patients with pacemaker indications, targeting a condition that is the leading global risk factor for death and affects millions worldwide.

Orchestra BioMed has received FDA approval for its IDE to start a pivotal U.S. trial of Virtue SAB, its first-in-class Sirolimus-AngioInfusion Balloon. The trial will compare Virtue SAB head-to-head with Boston Scientific's AGENT paclitaxel-coated balloon for treating coronary in-stent restenosis.

Key highlights:

• Virtue SAB is the only non-coated drug-eluting balloon system under clinical investigation worldwide
• The device has received multiple FDA Breakthrough Device Designations
• Trial will involve 740 patients across 75 U.S. centers
• Previous SABRE pilot study showed promising results with 12-month target lesion failure of 2.8%

The trial is set to begin in second half of 2025. Orchestra BioMed aims to tap into a multibillion-dollar U.S. market for coronary drug delivery balloons, with Virtue SAB positioned as a potential new standard of care in interventional cardiology.