PAVmed Subsidiary, Veris Health and The Ohio State University Comprehensive Cancer Center Launch Commercial Phase of Strategic Partnership Agreement
Rhea-AI Summary
PAVmed (Nasdaq: PAVM) subsidiary Veris Health and OSUCCC – James launched the commercial phase of a long‑term strategic partnership on October 7, 2025.
The Veris Cancer Care Platform will be deployed across The James with a clinical registry for enrolled patients, remote physiologic data collection via a VerisBox™, symptom reporting, telehealth, and EHR integration to support personalized cancer care and earlier complication detection.
Veris is also developing an implantable physiological monitor to pair with the platform; no financial terms or timelines were disclosed.
Positive
- Commercial phase launched with OSUCCC – James on Oct 7, 2025
- Clinical registry launched across The James to capture patient data
- VerisBox remote devices transmit physiologic data via embedded cellular connections
- Platform integrates telehealth, symptom reporting and EHR connectivity
Negative
- No commercial terms, revenue or pricing disclosed for the partnership
- Implantable physiological monitor is in development and not yet available
- Current platform deployment relies on patient enrollment and device compliance
News Market Reaction 5 Alerts
On the day this news was published, PAVM gained 17.83%, reflecting a significant positive market reaction. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. The stock closed at $0.53 on that trading session. This price movement added approximately $2M to the company's valuation, bringing the market cap to $12M at that time. Trading volume was very high at 3.3x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
The Veris Cancer Care Platform to be deployed to enhance personalized cancer care in patients undergoing systemic cancer therapy across OSUCCC – James
"We are pleased to move into the commercial phase of our partnership with The James at OSU, one of the largest and most prestigious academic cancer centers in the nation, to expand clinical deployment of our platform to enhance personalized cancer care," said Brian deGuzman, M.D., Chief Operating Officer of Veris Health. "This represents an important milestone on the path towards reaching Veris' long-term commercial potential."
"At the OSUCCC – James, our mission is to deliver innovative, personalized cancer care to every patient," said David Cohn, M.D., M.B.A., Chief Operating Officer and Chief Medical Officer at The James Cancer Hospital and Solove Research Institute. "We have expanded our strategic partnership from a pilot phase to a full engagement across The James including launching a clinical registry on patients enrolled on the platform. The Veris platform enhances our ability to connect with our patients outside of the hospital and ambulatory clinics."
The Veris Cancer Care Platform is a comprehensive digital cancer care platform with remote physiological data collection, symptom reporting, telehealth capability, and electronic health record integration. The platform seeks to offer enhanced personalized cancer care through the early detection of complications, reduced unplanned hospitalizations, the provision of longitudinal trends of physiological and clinical data, data-driven risk management tools, and increased patient and provider satisfaction.
Cancer patients enrolled on the platform receive a VerisBox™ of Veris-branded connected health care devices which transmit physiologic data to the cloud-based clinician portal via embedded cellular connections. A complementary patient portal enables patients to report symptoms, as well as general health and quality of life parameters, to their cancer care team through the Veris patient smartphone app. The app also allows patients to invite caretakers and family members to follow along on their cancer care journey. Veris is also developing an implantable physiological monitor, designed to be implanted alongside a vascular access port, which will interface with the Veris Cancer Care Platform. The implantable monitor will further enhance the clinical and commercial value of the platform by providing remote physiologic data independent of patient compliance.
Cancer centers and oncology practices interested in learning more about Veris and the Veris Platform, please visit www.verishealth.com to contact a company representative.
About PAVmed and Veris
PAVmed Inc. is a diversified commercial-stage medical technology company operating in the medical device, diagnostics, and digital health sectors. Its majority-owned subsidiary, Veris Health Inc., is a digital health company whose lead product is a digital cancer care platform with physiologic data collection, symptom reporting and telehealth functions, designed to improve personalized cancer care through remote patient monitoring. Veris has also been developing an implantable physiological monitor, designed to be implanted alongside a chemotherapy port, which will interface with the Veris cancer care platform. Its other subsidiary, Lucid Diagnostics, is a commercial-stage cancer prevention medical diagnostics company that markets the EsoGuard® Esophageal DNA Test and EsoCheck® Esophageal Cell Collection Device—the first and only commercial tools for widespread early detection of esophageal precancer to mitigate the risks of esophageal cancer deaths.
For more and for more information about PAVmed, please visit pavmed.com.
For more information about Veris Health, please visit verishealth.com.
For more information about Lucid Diagnostics, please visit luciddx.com.
About The Ohio State University Comprehensive Cancer Center – Arthur G. James Cancer Hospital and Richard J. Solove Research Institute
The Ohio State University Comprehensive Cancer Center – Arthur G. James Cancer Hospital and Richard J. Solove Research Institute (the "OSUCCC – James"), is the only cancer program in the United States that features a National Cancer Institute (NCI)-designated comprehensive cancer center aligned with a nationally ranked academic health center and a freestanding cancer hospital on the campus of one of the nation's largest public universities.
The OSUCCC – James has been designated as an NCI Comprehensive Cancer Center since 1976. Also, it is one of only a few centers funded by the NCI to conduct both phase I and phase II clinical trials on novel anticancer agents provided by the NCI.
As the cancer program's adult patient-care component, The James is one of the top cancer hospitals in the nation as ranked by
The OSUCCC – James is a global leader in such emerging disciplines as cellular therapy and immuno-oncology. In 2017, the OSUCCC – James was among the first hospitals in the United States to offer the first cellular therapy for blood cancers, known as CAR T-cell therapy, and is playing a major role in the continuing development of this and other cellular therapies.
To learn more about cancer treatment and clinical trials at the OSUCCC – James, visit cancer.osu.edu.
Forward-Looking Statements
This press release includes forward-looking statements that involve risk and uncertainties. Forward-looking statements are any statements that are not historical facts. Such forward-looking statements, which are based upon the current beliefs and expectations of PAVmed's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Risks and uncertainties that may cause such differences include, among other things, volatility in the price of PAVmed's common stock; general economic and market conditions; the uncertainties inherent in research and development, including the cost and time required to advance PAVmed's products to regulatory submission; whether regulatory authorities will be satisfied with the design of and results from PAVmed's clinical and preclinical studies; whether and when PAVmed's products are cleared by regulatory authorities; market acceptance of PAVmed's products once cleared and commercialized; PAVmed's ability to raise additional funding as needed; and other competitive developments. These factors are difficult or impossible to predict accurately and many of them are beyond PAVmed's control. In addition, new risks and uncertainties may arise from time to time and are difficult to predict. For a further list and description of these and other important risks and uncertainties that may affect PAVmed's future operations, see Part I, Item 1A, "Risk Factors," in PAVmed's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, as the same may be updated in Part II, Item 1A, "Risk Factors" in any Quarterly Report on Form 10-Q filed by PAVmed after its most recent Annual Report. PAVmed disclaims any intention or obligation to publicly update or revise any forward-looking statement to reflect any change in its expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.
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SOURCE PAVmed Inc.
FAQ
What did PAVM and OSUCCC – James announce on October 7, 2025?
How will the Veris platform support cancer patients at OSUCCC – James?
Does the PAVM announcement include financial terms or revenue guidance?
Is the Veris implantable physiological monitor available now for PAVM patients?
What immediate operational change should PAVM investors expect from the OSUCCC – James deal?
