Expansion of Symvess Approvals
The number of civilian hospitals eligible to purchase Symvess increased from 5 to 82, with an additional 40 VAC sites reviewing the product.
ECAT Listing and First Military Sale
Symvess received ECAT listing approval, allowing sales to 35 military treatment facilities and 160 VA hospitals. The first sale to a U.S. military facility was recorded, followed by a reorder.
Strong Sales Performance
July sales of $0.3 million exceeded total sales for the first half of the year, indicating strong commercial momentum.
V007 Phase III Trial Success
V007 Phase III trial results showed significantly higher functional and secondary patency for ATEV recipients compared to fistula in high-risk patients.
Cost Reduction Initiatives
Implemented workforce reductions and other cost-saving measures, resulting in estimated savings of $3.8 million in 2025 and up to $38 million in 2026.