PAVmed

PAVmed

PAVM
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Private Company

Total funding raised: $65M

Market Cap: $51.5MFounded: 2014HQ: New York, United States

Overview

PAVmed is a diversified medtech company founded in 2014 by surgeons and an industry executive with an imperative to innovate across sectors. Its core strategy is a shared-services business model that provides centralized expertise to its portfolio of subsidiaries, aiming for efficient scale and de-risked commercialization. Current commercial momentum is driven by its subsidiaries Lucid Diagnostics, commercializing the EsoGuard® test for esophageal precancer, and Veris Health, focused on remote patient monitoring for oncology.

GastroenterologyOncology

Technology Platform

PAVmed's core platform is its shared-services business model, which provides centralized corporate, regulatory, clinical, and operational expertise to a diversified portfolio of medical technology subsidiaries across diagnostics and digital health.

Funding History

2
Total raised:$65M
PIPE$40M
IPO$25M

Opportunities

PAVmed's subsidiaries target massive, underpenetrated markets: Lucid in non-endoscopic screening for esophageal precancer among millions of GERD patients, and Veris in the high-growth remote patient monitoring segment for oncology.
Successful commercialization could establish new standards of care and drive significant revenue growth.

Risk Factors

Key risks include commercial execution failure for its lead products, ongoing financial sustainability requiring dilutive financing given its micro-cap status, and intense competition in both the diagnostic and digital health spaces.
The company's value is highly concentrated in the success of Lucid Diagnostics.

Competitive Landscape

Lucid competes against traditional endoscopy and emerging non-endoscopic tests like the Cytosponge, leveraging its FDA-cleared DNA assay. Veris competes in a crowded digital health RPM market but seeks differentiation through its oncology-specific focus, integrated devices, and membership in consortia like CancerX.

Company Timeline

2014Founded

Founded in New York, United States

2016IPO

IPO — $25.0M

2021PIPE

PIPE: $40.0M