Site icon Market Globalist

How Hancock Jaffe Laboratories (HJLI) stock surged in the late Tuesday trading session

XRTX

XRTX

‎Hancock Jaffe Laboratories (HJLI) specialize in manufacturing and distributing bioprosthetic (tissue-based) devices to provide improved standards of care for cardiovascular issues. The Company stock has surged in the extended-hours session today as it recorded up 25.88% to $10.75.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What are they currently up to?

Discover Tomorrow's Stocks Today!

When it comes to discovering hidden gems within the stock market, Stock Wire News has consistently provided invaluable insights. Stock Wire News invites you to explore their upcoming Wealth Building Report. This report will shine a spotlight on little-known companies with the potential for substantial growth in 2024, and it's completely FREE for a limited time.

Claim the free report now by clicking here and start discovering the hidden gems of the market
Sponsored

HJLI currently has two lead product candidates: the VenoValve, a porcine-derived valve intended to treat the symptoms of Chronic Venous Insufficiency, and the CoreoGraft, a bovine-derived conduit suitable for coronary artery bypass surgery.

Most Recent Development 

Hancock Jaffe Laboratories, Inc. (NASDAQ: HJLI) has reported that it’s VenoValve Pre-IDE meeting with the U.S. Food and Drug Administration was completed. Several topics were discussed at the meeting, including results from a VenoValve pilot study, the VenoValve clinical trial design, patient monitoring protocols for safety and efficacy, bench tests, and safety analysis.

Read More

In light of the results of VenoValve’s first-in-human study, which was concluded at the end of 2020 following rigorous testing of the device and extensive follow-up, the proposed protocol for the United States pivotal trial is expected to be very similar. All study endpoints were significantly improved in patients enrolled in the first-in-human study, with no device-related adverse events.

More than 2.4 million Americans suffer from CVI caused by reflux in the deep venous system. According to estimates, CVI accounts for over $38 Billion in direct medical costs in the U.S. right now. There are currently no FDA approved devices, nor are there effective treatments for deep venous CVI.

Summary

A significant increase in medical device manufacturing has taken place in recent years, with a vast diversity of products available. Modern clinical practice relies increasingly on medical devices. The market for these devices is significant and growing.

‎‎