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home / articles / LGVN - Why Longeveron (LGVN) Stock Exploded Higher Today | Benzinga

LGVN - Why Longeveron (LGVN) Stock Exploded Higher Today | Benzinga

Longeveron Inc.

Longeveron Inc (NASDAQ:LGVN) shares traded upwards of 50% Monday after the company announced they submitted paperwork for a share offering and announced CEO Wa’el Hashad’s letter to shareholders marking his first year anniversary.

The letter to shareholders emphasized its focus on developing Lomecel-B™ for treating diseases like Hypoplastic Left Heart Syndrome (HLHS) and Alzheimer’s Disease.The success of their Phase 1 trial for HLHS and ongoing Phase 2 trials was also highlighted. Additionally, the letter discussed progress in Alzheimer’s research and strategic collaborations for funding. Longeveron plans to optimize resources, pursue partnerships, and enhance manufacturing capabilities.

Financially, the company said it is seeking additional capital through initiatives like a reverse stock split and registration statement. The company aims to meet operational goals in 2024, including fully enrolling ...

LGVN) Stock Exploded Higher Today>Full story available on Benzinga.com
Stock Information
Company Name: Longeveron Inc.
Stock Symbol: LGVN
Market: NASDAQ
Website: longeveron.com
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