The FinancialContent Network     SocialPicks Community   |   MarketMinute Monitor   |   MarketMinute Market Updates   |   MarketMinute Stock News
SocialPicks
   Sign Up   |   Log In   |   What is SocialPicks?     
8 pts

Opinion on  Bioheart Inc. (BHRT)     Sector: Healthcare  >  Industry: Biotechnology & Drugs
Bullish on BHRT ...

Feb 13, 2009 09:10 AM GMT
Foto
Return Risk
-24.55% HIGH
Principal

Bioheart, Inc. Announces Private Funding Commitments of Up to $7 Million Wednesday February 4, 11:28 am ET SUNRISE, Fla., Feb. 4, 2009 (GLOBE NEWSWIRE) -- Bioheart, Inc., (NasdaqCM:BHRT - News) a company committed to delivering intelligent devices and biologics that help monitor, diagnose and treat heart failure and cardiovascular diseases, announced today that it has entered into a non-binding letter of intent with Organic Business Alliances, LLC (``Organic'') pursuant to which it would invest approximately $1.5 million in Bioheart under its current offering under Regulation D and, subject to Bioheart achieving certain specified milestones, invest up to an additional $5.5 million on terms substantially the same as those of the offering. The investment by Organic is subject to approval of the boards of directors of both Bioheart and Organic and mutually acceptable definitive agreements. Howard Leonhardt, BHRT's CEO said, ``The company is excited about working with Organic and obtaining the funding that is expected to enable Bioheart to fund its clinical trials for its lead product candidate, MyoCell(r), a muscle-derived stem cell therapy designed to populate regions of scar tissue within a patient's heart with new living cells.'' MyoCell Clinical Cell Therapy is currently the subject of Bioheart's MARVEL Trial, a Phase II/III randomized, double-blind, placebo-controlled clinical trial to study muscle stem cell therapy treatments for congestive heart failure patients. The MARVEL Trial involves 35 U.S. clinical sites and 330 patients, making it one of the largest clinical trials of its kind ever undertaken. Bioheart has received regulatory approval for MyoCell(tm) tissue processing at its affiliated cGMP facility in the Netherlands. The company has applied for reimbursement approval in four countries this past quarter for the indications of use of treating advanced heart failure patients that have tried all available drugs and continue to decline and do not qualify for a bi-V pacer or left ventricle assist device. Contemplated final agreements are subject to full approval by both companies Board of Directors and may also require shareholder approval. About Bioheart, Inc.: Bioheart, Inc. (NasdaqCM:BHRT - News) is committed to delivering intelligent devices and biologics that help monitor, diagnose and treat heart failure and cardiovascular diseases. Its goals are to improve a patient's quality of life and reduce health care costs and hospitalizations. Specific to biotechnology, Bioheart is focused on the discovery, development and, subject to regulatory approval, commercialization of autologous cell therapies for the treatment of chronic and acute heart damage. Its lead product candidate, MyoCell(r), is an innovative clinical muscle-derived stem cell therapy designed to populate regions of scar tissue within a patient's heart with new living cells for the purpose of improving cardiac function in chronic heart failure patients. The Company's pipeline includes multiple product candidates for the treatment of heart damage, including Bioheart Acute Cell Therapy, an autologous, adipose tissue-derived stem cell treatment for acute heart damage, and MyoCell(r) SDF-1, a therapy utilizing autologous cells that are genetically modified to express additional potentially therapeutic growth proteins. For more information on Bioheart, visit http://www.bioheartinc.com. MyoCell, MyoCell SDF-1 and MyoCath are trademarks of Bioheart, Inc.


Update 06/19:

SUNRISE, Fla., June 18 /PRNewswire-FirstCall/ -- Bioheart, Inc., (OTC Bulletin Board: BHRT - News ) a company committed to delivering intelligent devices and biologics that help monitor, diagnose and treat heart failure and cardiovascular diseases announced today that the company will be introducing its heart failure monitoring systems at the American Association of Heart Failure Nurses 5th Annual Meeting. This year's meeting will take place from June 25 - 27, 2009 at the Hyatt Regency Minneapolis in Minneapolis, Minnesota.

The compact Bioheart 3370 home heart failure monitor engages patients through personalized daily interactions and questions, while collecting vital signs and transmitting the information directly into a database. The data are regularly monitored by remotely located medical professionals, who watch for any abnormal readings that may signal a change in the patient's health status. These changes are reported back to the treating physician or nurse. The monitor collects patient data from a range of monitoring devices such as weight scales and blood pressure monitors. Regular data input and monitoring of heart failure patients enables the health care team to detect signs and symptoms of change as they occur leading to reduced re-hospitalizations, reduced costs and better patient outcomes.

Bioheart worked closely with leading heart failure physicians to design the best possible program for patients. "We believe our heart failure monitoring program is best-in-class and that it will lead to improved patient care and a substantial reduction of costs to the healthcare system," said Howard J. Leonhardt, the companies Chief Executive Officer. "We have developed a proactive patient care strategy based on the early recognition of symptoms and early intervention before things progress to a hospitalization."

About Bioheart, Inc.

Bioheart, Inc. is committed to delivering intelligent devices and biologics that help monitor, diagnose and treat heart failure and cardiovascular diseases. Its goals are to improve a patient's quality of life and reduce health care costs and hospitalizations. Specific to biotechnology, Bioheart is focused on the discovery, development and, subject to regulatory approval, commercialization of autologous cell therapies for the treatment of chronic and acute heart damage. Its lead product candidate, MyoCell®, is an innovative clinical muscle-derived stem cell therapy designed to populate regions of scar tissue within a patient's heart with new living cells for the purpose of improving cardiac function in chronic heart failure patients. The Company's pipeline includes multiple product candidates for the treatment of heart damage, including Bioheart Acute Cell Therapy, an autologous, adipose tissue-derived stem cell treatment for acute heart damage, and MyoCell® SDF-1, a therapy utilizing autologous cells that are genetically modified to express additional potentially therapeutic growth proteins. For more information on Bioheart, visit www.bioheartinc.com .



BHRT:  This call was made on 02/13/09 @ $0.95
Rating:   Positive   $0.95 (02/13/09)
Gain/Loss:   n/a in 270 days


Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment



ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 21.10 +34.56% 369
2 18.14 +69.43% 206
3 17.66 +25.71% 53
4 13.47 +14.32% 61
5 12.13 +75.75% 34


POPULAR STOCKS
Symbol Company Name Sentiment

TODAY'S HEADLINES

TODAY'S TOP PICKS

 
Bioheart Inc. (BHRT)
   SocialPicks Sentiment:    N/A

   This Quarter's Sentiment:
All:
100.0%
Top:
100.0%




Latest Picks by Marian Filo
Symbol SP Sentiment Rating Return Since
SVVS N/A Positive -0.72% 11/08/09
ACLI N/A Positive +3.41% 11/08/09
Y Positive +1.82% 11/06/09
PMI Positive +2.69% 11/06/09
FICO N/A Positive -5.43% 11/04/09

View All >
   




IN THE PRESS
Press_forbes Press_washingtonpost Press_wsj Press_npr Press_techcrunch