enVVeno Medical expects capital to fund company through several milestones

The Company ended the year with $43.2 million in cash and investments. Based on management’s current expectations, this capital has the potential to fund the Company through the anticipated FDA pre-market approval filing for VenoValve, the initiation of commercialization preparations for VenoValve and the commencement of the enVVe pivotal trial. Cash burn for the quarter was $5.2 million, consistent with the Company’s projected cash burn rate of approximately $4-5 million per quarter. The Company anticipates that its cash burn rate will increase from current levels of approximately $4 million to $5 million per quarter to $5 million to $7 million per quarter in 2025.