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BioCardia (NASDAQ: BCDA) posts CardiAMP CMI data with durable angina and exercise gains

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BioCardia, Inc. reported preliminary open-label results from its CardiAMP Cell Therapy trial in chronic myocardial ischemia, presented at the EuroPCR conference. The minimally invasive, autologous cell therapy was well tolerated, with no treatment emergent major adverse cardiac events through two years of follow-up.

Patients had already exhausted guideline-directed medical, percutaneous, and surgical options before treatment. After CardiAMP therapy, average exercise tolerance increased by 179 seconds and this benefit persisted over two years. Angina episodes fell by an average of 82% by six months, suggesting meaningful symptom relief for severely symptomatic refractory angina patients.

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Insights

Early CardiAMP CMI data show durable symptom improvements in a hard-to-treat angina population.

The update centers on preliminary open-label results from BioCardia’s CardiAMP Cell Therapy in chronic myocardial ischemia, a condition where patients often have no remaining revascularization options. The procedure is catheter-based and uses a patient’s own bone marrow cells, which may help reduce safety concerns tied to foreign cells.

In this small cohort, patients showed an average 179-second gain in exercise tolerance that persisted to two years, and an average 82% reduction in angina episodes by six months, with no treatment emergent major adverse cardiac events. While open-label data are inherently limited, these results support continued clinical development and align with the program’s FDA Breakthrough Therapy designation for ischemic heart failure.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Exercise tolerance improvement 179 seconds Average increase in exercise tolerance, persisting to two-year follow-up
Angina reduction 82% reduction Average reduction in angina episodes by six months after treatment
Follow-up duration 2 years Duration over which positive clinical outcomes were observed
Refractory angina prevalence (U.S.) 600,000–1.8 million patients Estimated U.S. patients with chronic myocardial ischemia and refractory angina
Suboptimal revascularization candidates Up to 15% Share of ischemia/angina patients undergoing catheterization who are poor candidates for revascularization
refractory angina medical
"severely symptomatic refractory angina and validate continued clinical development"
Chronic chest pain caused by reduced blood flow to the heart that continues despite standard treatments such as medications, stents, or bypass surgery. Investors care because this unmet medical need drives demand for new drugs, medical devices, and procedures, affects healthcare spending and regulatory decisions, and can influence the commercial prospects and valuation of companies developing effective therapies — like a stubborn leak that needs a novel repair solution.
guideline-directed medical therapy medical
"all patients were on guideline-directed medical therapy and had received all available"
Guideline-directed medical therapy is the set of treatments doctors are recommended to use for a specific disease based on expert consensus and clinical evidence, like following a trusted recipe for best results. It matters to investors because whether a new drug or device becomes part of that standard affects how widely it will be adopted, how insurers pay for it, and how companies compare in clinical studies—factors that influence sales, regulatory success, and long-term value.
Breakthrough Therapy regulatory
"Designated by the FDA as a Breakthrough Therapy for Ischemic Heart Failure"
A breakthrough therapy is a regulatory designation granted to an experimental drug or treatment when early clinical evidence indicates it could offer a substantial improvement over existing options for a serious or life‑threatening condition. For investors it matters because the label brings faster, more intensive interaction with regulators and can shorten development and review time—like a VIP fast‑track toward potential approval, reducing time and risk before a product can reach the market.
autologous cell therapy medical
"with the autologous cell therapy up through two years follow-up"
Autologous cell therapy uses a patient’s own cells, taken out, sometimes modified or multiplied, and then returned to the same person to treat disease or repair tissue. It matters to investors because using a person’s own cells can lower the chance of immune rejection and change the regulatory and clinical risk profile, but it also creates high, customized manufacturing and delivery costs and limits how easily the therapy can be scaled — like bespoke tailoring versus off‑the‑rack clothing.
allogeneic medical
"CardiAMP autologous and CardiALLO allogeneic cell therapies are the Company’s biotherapeutic platforms"
Allogeneic describes a process or material involving different individuals of the same species, such as cells, tissues, or organs donated from one person to another. It is important to investors because products or treatments based on allogeneic sources can enable scalable, off-the-shelf solutions, potentially reducing costs and increasing accessibility in healthcare and biotech industries.
false 0000925741 0000925741 2026-05-21 2026-05-21
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): May 21, 2026
 
BIOCARDIA, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
 
001-38999
 
23-2753988
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
320 Soquel Way
Sunnyvale, California 94085
 
(Address of principal executive offices and zip code)
 
 
Registrants telephone number, including area code: (650) 226-0120
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.001
BCDA
The Nasdaq Capital Market
 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter)
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
 

 
 
Item 7.01         Regulation FD Disclosure.
 
On May 21, 2026, BioCardia, Inc. issued a press release announcing the oral presentation of the results of the CardiAMP Cell Therapy in Chronic Myocardial Ischemia Trial (CardiAMP CMI) preliminary open label cohort at Euro PCR, a leading interventional cardiovascular medicine conference held in Paris. The presentation was made by Dr. Amish Raval, M.D., Professor of Medicine at University of Wisconsin School of Medicine and Public Health.
 
The results presented by Dr. Raval, on behalf of the CardiAMP CMI Investigators, showed that the minimally invasive CardiAMP Cell Therapy procedure was well tolerated with no treatment emergent major adverse cardiac events and patients demonstrated positive clinical outcomes including increased exercise tolerance and reduced frequency of angina episodes with the autologous cell therapy up through two years follow-up. Prior to treatment, all patients were on guideline-directed medical therapy and had received all available percutaneous and/or surgical options as appropriate for their medical condition. Patients experienced increased exercise tolerance, improving by an average of 179 seconds, which persisted for the two-year study follow-up. Angina episodes were reduced by an average of 82% by six-months after treatment.
 
A copy of the press release is attached hereto as Exhibit 99.1 to this current report on Form 8-K.
 
The information furnished pursuant to this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, nor shall it be deemed to be incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly set forth by specific reference in such filing. 
 
Item 9.01   Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit No.
 
Description
99.1
 
BioCardia, Inc. press release dated May 21, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
BIOCARDIA, INC.
 
   
/s/ Peter Altman, Ph.D.
 
Peter Altman, Ph.D.
 
President and Chief Executive Officer
 
   
Date: May 21, 2026
 
 
 
 

Exhibit 99.1

 

BioCardia Announces CardiAMP Chronic Myocardial Ischemia Trial Results Presented at EuroPCR Showed Durable Improvements in Exercise Tolerance with Reduced Angina Frequency

 

– Positive CardiAMP CMI Trial open-label cohort results demonstrated opportunity for locally delivered cell therapy to enhance therapeutic options for patients with severely symptomatic refractory angina and validate continued clinical development

 

– Novel therapeutic approach targets a critically important unmet medical need for patients who have debilitated quality-of-life and have exhausted all available treatment options

 

SUNNYVALE, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- BioCardia, Inc. (NASDAQ: BCDA), a global leader in cellular and cell-derived therapeutics for the treatment of cardiovascular and pulmonary diseases, today announced the oral presentation of the results of the CardiAMP® Cell Therapy in Chronic Myocardial Ischemia Trial (CardiAMP CMI) preliminary open label cohort at EuroPCR, a leading interventional cardiovascular medicine conference held in Paris. The presentation was made by Dr. Amish Raval, M.D., Professor of Medicine at University of Wisconsin School of Medicine and Public Health.

 

Results presented by Dr. Raval, on behalf of the CardiAMP CMI Investigators, showed that the minimally invasive CardiAMP Cell Therapy procedure was well tolerated with no treatment emergent major adverse cardiac events and patients demonstrated positive clinical outcomes including increased exercise tolerance and reduced frequency of angina episodes with the autologous cell therapy up through 2 years follow-up. Prior to treatment, all patients were on guideline-directed medical therapy (GDMT) and had received all available percutaneous and/or surgical options as appropriate for their medical condition. Patients experienced increased exercise tolerance, improving by an average of 179 seconds, which persisted for the two-year study follow-up. Angina episodes were reduced by an average of 82% by six-months after treatment.  Dr. Raval’s presentation is here: EuroPCR2026.

 

“Chronic ischemic heart disease results in considerable limitations of daily life activities due to chest discomfort, shortness of breath, and related disabling symptoms despite optimal medical therapy.” said Carl Pepine, MD, MACC, Professor of Medicine, Division of Cardiovascular Medicine, University of Florida at Gainesville. "A cell-based approach, added to this medical therapy, has potential to better manage these symptoms and improve the quality of life.” 

 

“We are thankful for the physician scientists who contributed their great experience to this program as well as the patients who participated,” said Peter Altman, PhD, BioCardia President and CEO. “These results support this CardiAMP cell therapy approach which has potential to help patients suffering from refractory angina. To our knowledge, only cell therapy has had a positive impact on both exercise tolerance and angina episodes in these patients.”

 

 

 

About Chronic Myocardial Ischemia with Refractory Angina

 

Chronic myocardial ischemia occurs in the setting of coronary artery disease when there is reduced blood flow to the heart. This causes angina, a type of chest pain which is characterized as refractory angina when this pain cannot be controlled by a combination of optimal medical therapy, angioplasty or bypass surgery, and is estimated to impact 600,000 to 1.8 million patients in the United States. Up to 15% of patients who have ischemia or angina and undergo cardiac catheterization are suboptimal candidates for conventional revascularization. Although prognosis of refractory angina has improved in recent years, patients with refractory angina experience a significantly impaired quality of life with disproportionately high utilization of healthcare services. These observations reflect the great need for new therapies for these patients.

 

About the CardiAMP Cell Therapy Program

 

Designated by the FDA as a Breakthrough Therapy for Ischemic Heart Failure, CardiAMP Cell Therapy uses a patient’s own bone marrow cells delivered to the heart in a minimally invasive, catheter-based procedure to potentially stimulate the body’s natural healing response. CardiAMP Cell Therapy incorporates three proprietary elements not previously utilized in investigational cardiac cell therapy: a pre-procedural cell analysis for patient selection, a high target dosage of cells, and a proprietary delivery system that has been shown to be safer than other intramyocardial delivery systems and exponentially more successful in cell retention. The CardiAMP cell therapy trials for the indications of both chronic myocardial ischemia and ischemic heart failure are covered by the Center for Medicare and Medicaid for both treatment and control procedures.  CAUTION - Limited by United States law to investigational use. 

 

About BioCardia® BioCardia, Inc., headquartered in Sunnyvale, California, is a global leader in cellular and cell-derived therapeutics for the treatment of cardiovascular and pulmonary disease. CardiAMP® autologous and CardiALLO™ allogeneic cell therapies are the Company’s biotherapeutic platforms with three cardiac clinical stage product candidates in development. These therapies are enabled by its Helix™ biotherapeutic delivery and Morph® vascular navigation product platforms, and soon the Heart3D™ fusion imaging platform. BioCardia selectively partners on biotherapeutic delivery with peers developing important biologic therapies.  For more information visit www.biocardia.com.

 

 

 

Forward Looking Statements:

 

This press release contains forward-looking statements that are subject to many risks and uncertainties. Forward-looking statements may include, among other things, statements relating to the continued development, ability to offset clinical costs utilizing Medicare reimbursement and the ultimate success of our clinical cell therapy programs. These forward-looking statements are made as of the date of this press release.

 

We may use terms such as “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” “approximately” or other words that convey the uncertainty of future events or outcomes to identify these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained herein, we caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from the forward-looking statements contained in this press release. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s liquidity position and its ability to raise additional funds, as well as the Company’s ability to successfully advance its clinical trials. As a result of these factors, we cannot assure you that the forward-looking statements in this press release will prove to be accurate. Additional factors that could materially affect actual results can be found in BioCardia’s Form 10-K filed with the Securities and Exchange Commission on March 24, 2026, under the caption titled “Risk Factors,” and in our subsequently filed Quarterly Reports on Form 10-Q. BioCardia expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law.

 

 

###

 

 

Media Contact:
Miranda Peto, Investor Relations
Email: mpeto@BioCardia.com
Phone: 650-226-0120

 

Investor Contact:
David McClung, Chief Financial Officer
Email: investors@BioCardia.com
Phone: 650-226-0120

 

 

 

FAQ

What did BioCardia (BCDA) report in its CardiAMP CMI trial update?

BioCardia reported preliminary open-label results from its CardiAMP Cell Therapy trial in chronic myocardial ischemia. The minimally invasive, autologous therapy was well tolerated, with no treatment emergent major adverse cardiac events and durable improvements in exercise tolerance and angina frequency over two years of follow-up.

How did CardiAMP Cell Therapy affect exercise tolerance in the BioCardia trial?

CardiAMP Cell Therapy increased exercise tolerance by an average of 179 seconds in treated patients. This improvement in exercise time persisted through the two-year study follow-up, suggesting sustained functional benefit for individuals with severely symptomatic refractory angina who had exhausted other treatment options.

What impact did BioCardia’s CardiAMP therapy have on angina episodes?

Patients treated with CardiAMP Cell Therapy experienced an average 82% reduction in angina episodes by six months. These patients had chronic myocardial ischemia with refractory angina despite guideline-directed medical therapy and available procedures, indicating meaningful symptom relief in a particularly challenging clinical population.

Who presented BioCardia’s CardiAMP CMI trial data at EuroPCR?

The CardiAMP CMI trial results were presented by Dr. Amish Raval, M.D., Professor of Medicine at the University of Wisconsin School of Medicine and Public Health. He presented on behalf of the CardiAMP CMI Investigators at EuroPCR, a leading interventional cardiovascular medicine conference in Paris.

What is the unmet need targeted by BioCardia’s CardiAMP CMI program?

CardiAMP targets chronic myocardial ischemia with refractory angina, affecting an estimated 600,000 to 1.8 million U.S. patients. Up to 15% of ischemia or angina patients undergoing catheterization are poor candidates for revascularization, leaving them with impaired quality of life and high healthcare utilization despite existing therapies.

How is BioCardia’s CardiAMP Cell Therapy program positioned from a regulatory perspective?

CardiAMP Cell Therapy has FDA Breakthrough Therapy designation for ischemic heart failure, reflecting its potential in serious cardiac disease. The program combines pre-procedural cell analysis, high target cell dosing, and a proprietary delivery system designed for safer intramyocardial delivery and improved cell retention in cardiac tissue.

Filing Exhibits & Attachments

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