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Stock impact report

BioCardia Inc (BCDA) Q3 2024 Earnings Call Highlights: Breakthroughs and Challenges in Cardiac ... [Yahoo! Finance]

BioCardia, Inc. (BCDA) 
Company Research Source: Yahoo! Finance
BioCardia Inc ( NASDAQ:BCDA ) has received FDA breakthrough designation for its lead autologous cardiac cell therapy for heart failure, which is also reimbursed by Medicare and Medicaid. The company is conducting two active clinical trials for its cardiac cell therapy, with promising interim results showing improved survival and reduced major adverse cardiac events. BioCardia Inc ( NASDAQ:BCDA ) has secured FDA approval for its Morph DNA steerable introducer platform, which has potential applications in various clinical procedures. The company successfully closed a $7.2 million public offering, ensuring compliance with Nasdaq's listing requirements and extending its financial runway. Research and development expenses have decreased significantly, reflecting efficient management and completion of enrollment in the cardiac heart failure one trial. Enrollment in the cardiac heart failure two trial has been delayed due to external factors such as hurricanes, impacting the compa Show less Read more
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