Significant Increase in Product Sales
Product sales improved to $703,000, a significant increase over the $100,000 reported last quarter.
Expansion of Hospital Approvals for Symvess
25 hospitals and/or health care systems have approved the purchase of Symvess, representing 92 civilian hospitals now eligible to purchase it.
Positive Long-term Results of Symvess
Studies showed high patency rates and no infections or amputations in patients treated with Symvess for vascular trauma, including in Ukraine.
Strong Financial Performance
Net loss decreased significantly to $17.5 million for the 3 months ended September 30, 2025, compared to a net loss of $39.2 million for the prior year period.
Successful Fundraising
Completed the sale of common stock and warrants that added approximately $56.5 million to the cash position.
Expansion of Intellectual Property
Granted a new U.S. patent covering the composition of a bioengineered esophagus, providing protection into 2041.