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Stock impact report

Humacyte outlines 12-month cash runway and accelerates Symvess adoption following $56.5M capital raise [Seeking Alpha]

Humacyte, Inc. (HUMA) 
Company Research Source: Seeking Alpha
Laura Niklason, Founder, President, CEO & Director, highlighted significant progress in the commercial launch of Symvess, reporting "product sales improved to $703,000, a significant increase over the $100,000 that we reported last quarter." She noted that 25 hospitals and health care systems Quick Insights Key drivers are expanded hospital and military access, price reductions accelerating VAC clearance, robust clinical evidence, and increased reorders from initial accounts. A recent capital raise extended cash runway beyond 12 months, covering core milestones like V012 trial interim results, BLA submission for ATEV, and initial human testing for CTEV. Humacyte executed a $50 million cost-savings plan, reduced R&D and operating expenses by $5 million quarter-over-quarter, and anticipates ongoing cost discipline. More Trending News Show less Read more
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