Welcome to our dedicated page for TriSalus Life Sciences news (Ticker: TLSI), a resource for investors and traders seeking the latest updates and insights on TriSalus Life Sciences stock.
TriSalus Life Sciences, Inc. develops oncology-focused drug-delivery technology and an investigational immunotherapy program for solid tumors. Its Pressure-Enabled Drug Delivery, or PEDD, platform is used through the TriNav Infusion System in interventional radiology procedures, including TARE and TACE, for primary liver cancer and liver metastases.
Company news centers on TriNav commercial performance, clinical and preclinical data for PEDD, studies in liver tumors, research involving nelitolimod, and presentations to interventional radiology audiences. Updates also include quarterly financial results, revenue guidance, capital actions, shareholder voting matters and governance changes tied to the company’s oncology technology strategy.
TriSalus Life Sciences (NASDAQ: TLSI) announced key changes to its executive leadership team, effective January 6, 2025. James Young, previously Senior Vice President of Investor Relations and Treasurer, has been appointed as Chief Financial Officer, succeeding Sean Murphy who will continue as Chief Manufacturing, Strategy and Business Development Officer and Board member.
The company also promoted Dr. Richard B. Marshak to Chief Commercial Officer and Jodi Devlin to Chief of Clinical Strategy and Operations. Young brings 33 years of experience from Abbott Laboratories, Marshak has extensive leadership experience including CEO roles, and Devlin brings over 30 years of experience in biotech, medical devices, and pharmaceuticals.
CEO Mary Szela emphasized that these changes reflect the company's momentum and position TriSalus to achieve its 2025 goals, highlighting the 18-month transition planning between Young and Murphy to ensure operational continuity.
TriSalus Life Sciences reported strong Q3 2024 results with revenues of $7.3 million, up 42% year-over-year, and nine-month revenues of $21.2 million, up 66%. The company launched the TriNav LV Infusion System and TriGuide Guiding Catheter for larger vessels, expanding into the $375 million embolization market. For 2025, TriSalus projects over 50% sales growth, 20%+ reduction in operating expenses, and expects positive EBITDA and cash flow in H2 2025. The company presented positive Phase 1 data from the PERIO-01 trial in uveal melanoma patients and is seeking strategic partnerships for further development.
TriSalus Life Sciences (Nasdaq: TLSI) has launched the TriNav® LV Infusion System and TriGuide™ Guiding Catheter, expanding its portfolio of Pressure-Enabled Drug Delivery (PEDD™) devices for liver and pancreatic tumor treatment. The TriNav LV Infusion System, designed for vessels 3.5-5.0 mm in diameter, broadens patient eligibility for PEDD technology. The TriGuide Guiding Catheters feature a larger inner diameter and reverse curve design, facilitating femoral access and improving procedural efficiency. Early users reported a 97% satisfaction rate. The devices are eligible for existing HCPCS codes, ensuring seamless reimbursement. CEO Mary Szela emphasized the company's commitment to advancing their pipeline and improving patient outcomes.
TriSalus Life Sciences (Nasdaq: TLSI) has scheduled its third quarter 2024 financial results conference call for Thursday, November 14, 2024, at 9:00 a.m. ET. The company, which focuses on improving outcomes for liver and pancreatic cancer patients through advanced delivery technology and immunotherapy, will discuss Q3 2024 results and provide a business update. The financial results press release will be issued before the call. The event will be accessible via webcast on the company's investor relations website, with a replay available afterward. Interested parties can register online to receive dial-in details.
TriSalus Life Sciences (Nasdaq: TLSI), an oncology company focused on improving outcomes for liver and pancreatic cancer patients, has announced its participation in the 2024 Maxim Healthcare Virtual Summit. Mary Szela, CEO and President of TriSalus, will engage in a fireside chat on Thursday, October 17, 2024, at 12:30 p.m. EDT / 11:30 a.m. CDT.
TriSalus specializes in advanced delivery technology and a novel immunotherapy called nelitolimod. The company aims to enhance treatment outcomes for patients with liver and pancreatic cancer. Interested parties can register for the event through the provided link and find more information about TriSalus and its innovative technologies on the company's website.
TriSalus Life Sciences (Nasdaq: TLSI) has announced the appointment of Dr. Riad Salem to its Scientific Advisory Board. Dr. Salem, the Chief of Interventional Radiology and a Professor at a Chicago institution, brings expertise in radiological research and innovative liver cancer treatments. His addition is expected to support TriSalus's mission in advancing its Pressure Enabled Drug Delivery™ (PEDD™) technology and nelitolimod, a TLR9 agonist.
CEO Mary Szela highlighted Dr. Salem's role in the LEGACY study, which demonstrated significant improvements in response rates and survival using y90 treatment. Dr. Salem will play a important role in the company's DELIVER program, aimed at providing data support for PEDD and nelitolimod in challenging patient populations with liver and pancreatic cancer.
TriSalus Life Sciences (Nasdaq: TLSI) announced the publication of research in the Journal of Vascular and Interventional Radiology demonstrating improved delivery of glass microspheres to liver tumors using their Pressure Enabled Drug Delivery (PEDD) method via the TriNav Infusion System. The study, conducted on transgenic pigs with induced liver tumors, showed:
- 117% increase in tumor penetration with lobar infusions (p=0.004)
- 39% increase in tumor penetration with selective infusions (p=0.032)
- Lobar PEDD delivery was statistically equivalent to conventional selective delivery (p=0.497)
The research suggests that the PEDD method could potentially improve the efficacy and safety of liver cancer treatments by increasing the concentration of therapeutics in tumors compared to adjacent liver tissue.
TriSalus Life Sciences (TLSI) reported strong Q2 2024 results, with revenues of $7.4 million, up 60% year-over-year. The company's gross margin improved to 88% in Q2 2024. TriSalus plans to launch the 'DELIVER' Program in Q3 2024, aiming to expand the addressable market for its TriNav® Infusion System. The company expects to report data from phase 1 trials of nelitolimod in Q4 2024. TriSalus secured up to $50 million in debt financing from OrbiMed to support growth initiatives. The company completed a warrant exchange offer to simplify its capital structure. With current cash and potential additional funding, TriSalus expects to have sufficient runway through the end of 2025.
TriSalus Life Sciences (Nasdaq: TLSI), an oncology company focusing on novel delivery technology integrated with immunotherapy for liver and pancreatic tumors, has announced a conference call and webcast scheduled for August 15, 2024, at 9:00 a.m. ET. The event will discuss financial results for the second quarter ended June 30, 2024, and provide a business update.
A press release detailing the Q2 results will be issued prior to the call. The webcast will be available on TriSalus' investor relations website, with a replay accessible for approximately 90 days after the event. Participants joining by phone must register using an online form to receive dial-in details and a personal pin.
TriSalus Life Sciences (Nasdaq: TLSI) has successfully completed its exchange offer and consent solicitation related to its warrants. The company issued 2,110,366 shares of common stock in exchange for the tendered warrants. This follows the company's Warrant Amendment with Continental Stock Transfer & Trust Company on June 26, 2024, which affects only publicly-traded warrants. Additionally, the SEC declared effective TriSalus' Registration Statement on Form S-4 on June 25, 2024. The company engaged Oppenheimer & Co. Inc. as Dealer Manager and Solicitation Agent, Morrow Sodali as Information Agent, and Continental Stock Transfer & Trust Company as Exchange Agent.