S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Longeveron Shares Crater After Heart Drug Trial Fails

Shares of Longeveron plummeted 60% to $2.65 in after-hours trading Wednesday after the biotech firm reported that its stem-cell therapy failed a pivotal Phase 2b trial. The drug, laromestrocel, did not meet the primary endpoint for improving right ventricular function in infants suffering from hypoplastic left heart syndrome.

Longeveron Shares Crater After Heart Drug Trial Fails

The company is now pivoting toward survival mode, launching a cost-containment strategy and seeking an investment bank to explore paths for maximizing shareholder value. While the primary goal of the trial remained elusive, management noted an exploratory finding of zero deaths among treated patients, compared with one fatality in the control group. Longeveron intends to discuss these results with the Food and Drug Administration to assess whether a viable regulatory path for the syndrome still exists.

Beyond the pediatric heart program, the firm is shifting its focus toward longevity and aging-related frailty. Executives stated they are actively pursuing alternative funding and revenue streams for laromestrocel, aiming to leverage data from separate clinical trials to keep the asset alive despite the significant setback in its primary indication.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!