What's Going On With Medical Devices Focused SeaStar Medical Stock Today?
Portfolio Pulse from Vandana Singh
SeaStar Medical Holding Corporation (NASDAQ:ICU) shares are trading higher after the company received FDA Breakthrough Device Designation for its Selective Cytopheretic Device (SCD). This is the third such designation granted by the FDA to SeaStar for the SCD device, which is expected to expedite its clinical development and regulatory review. The company's stock is up over 40% on heavy volume.
October 19, 2023 | 3:06 pm
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SeaStar Medical's stock is trading higher after receiving FDA Breakthrough Device Designation for its SCD device.
The FDA Breakthrough Device Designation is expected to expedite the clinical development and regulatory review of the SCD device, which is positive news for the company and its investors. This has led to a surge in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100