US EditionSERA PROGNOSTICS REPORTS THIRD QUARTER 2025 FINANCIAL RESULTS
CytoSorbents achieved 10% revenue growth to $9.5 million in Q3 2025 and advanced FDA regulatory steps for DrugSorb-ATR with a decision expected mid-2026.
- On Wednesday Nov. 12, 2025, Ace Hardware Corporation reported third quarter revenues of $2.5 billion, up 5.5 percent, in a press release with a conference call.
- The amended credit agreement with Avenue Capital Group, earlier this year, provided $2.5 million in immediate funding and included warrants at $0.70, with proforma cash of $11.6 million on September 30, 2025.
- Earlier this month the company filed a pre-submission meeting request filed November 7, 2025 with the U.S. Food and Drug Administration, expecting a formal De Novo submission in Q1 2026 and a mid-2026 regulatory decision timeline after no safety concerns but additional information requests.
- As part of the plan, CytoSorbents expects to record restructuring charges, including a $900,000 expected restructuring charge, while reducing its workforce by approximately 10% and targeting cash-flow break-even in the first quarter of 2026.
- Recent clinical presentations, including data at European Association for Cardio-Thoracic Surgery , support the planned De Novo filing with the U.S. FDA and Health Canada, including new real-world analyses.
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Charleston Gazette-Mail
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