Successful Commercial Launch of Symvess
Humacyte commenced its commercial launch of Symvess in late February 2025, with the first commercial shipments made during the first quarter to three Level 1 trauma centers.
Strong Hospital Engagement
45 hospitals have commenced evaluation of Symvess as part of their value analysis committee (VAC) approval process, and five hospitals have already approved the purchase.
FDA IND Filing for ATEV
Plans to file an IND with the FDA for first-in-human clinical testing of the small-diameter ATEV in coronary artery bypass grafting later this year.
Financial Improvement
Net income was $39.1 million for Q1 2025, compared to a net loss of $31.9 million for Q1 2024, primarily due to an increase in the non-cash remeasurement of the contingent earn-out liability.
Extended Cash Runway
Steps taken to extend Humacyte's cash runway, including a public offering providing $46.7 million in net proceeds and cost reductions.