24/7 Market News Snapshot 13 August, 2025 – Longeveron Inc. Common Stock (NASDAQ:LGVN)
DENVER, Colo., 13 August, 2025 (www.247marketnews.com) – (NASDAQ:LGVN) are discussed in this article.
Longeveron Inc. (NASDAQ:LGVN) is making significant strides in the biotechnology sector, recently garnering considerable attention from investors. The stock opened at $0.696 and experienced a remarkable surge to $0.821, reflecting an increase of over 20.65%. This momentum was supported by a robust trading volume of 19.05 million shares, indicating strong investor enthusiasm for the company’s pioneering work in regenerative medicine.
In a noteworthy development, Longeveron announced the full enrollment of 40 pediatric patients in its pivotal Phase 2b clinical trial, ELPIS II, which investigates laromestrocel, an innovative allogeneic stem cell therapy, for treating Hypoplastic Left Heart Syndrome (HLHS). This serious congenital heart defect poses significant risks for affected children, and the trial, conducted in collaboration with the National Heart, Lung, and Blood Institute, aims to assess the therapy’s efficacy as an adjunct treatment. Preliminary results from this trial are projected for release in the third quarter of 2026, following a comprehensive 12-month patient follow-up period.
Wa’el Hashad, the Chief Executive Officer of Longeveron, emphasized the importance of this accomplishment in advancing cellular therapies, highlighting the potential of laromestrocel to improve clinical outcomes for those diagnosed with HLHS. The company is also preparing for a potential Biological License Application (BLA) submission by late 2026, contingent on positive trial results.
Beyond its focus on HLHS, Longeveron recently received FDA approval for an Investigational New Drug (IND) application to explore laromestrocel as a treatment for Pediatric Dilated Cardiomyopathy (DCM), with a pivotal Phase 2 trial set to commence in early 2026. Through these initiatives, Longeveron demonstrates its commitment to addressing critical unmet medical needs across various age groups, particularly in pediatric and aging populations, while also pursuing strategic partnerships to further bolster its regenerative medicine pipeline.
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