Record Revenue Growth
PAVmed reported record revenue in the third quarter, with an increase of 20% quarter-on-quarter. This marks a significant achievement in the company's financial performance.
Strategic Corporate Restructuring
PAVmed successfully deconsolidated Lucid Diagnostics, preserving ownership without absorbing operating losses, and restructured convertible debt, allowing the company to maintain its NASDAQ listing.
Veris Health and NIH Grant
Veris Health received a $1.8 million NIH grant to optimize its Cancer Care Platform for underserved patients, marking a significant development in personalized cancer care.
Ohio State University Pilot Success
The Veris Health pilot with The Ohio State University was completed successfully, leading to discussions on long-term partnerships and serving as a template for future collaborations.
Positive Financial Positioning
PAVmed reported a breakeven scenario on a stand-alone basis for the third quarter after adjustments, showing financial stability post-restructuring.