Cash, cash equivalents and restricted cash were $253.4 million as of June 30, 2025, and $293.9 million on December 31, 2024. Based on the current pipeline and programs, the cash runway remains extended into 2028.
Earnings Call: Monday, August 11, 2025 @ 4:30 p.m. ET
Capricor Therapeutics (NASDAQ: CAPR) reported Q2 2025 financial results and provided key updates on its lead candidate Deramiocel. The company has scheduled a Type A meeting with the FDA to discuss the Deramiocel BLA resubmission path, following a Complete Response Letter. All 483 observations from the Pre-License Inspection have been resolved.
Financial highlights include a cash position of $122.8 million, expected to fund operations into Q4 2026. Q2 2025 resulted in a net loss of $25.9 million ($0.57 per share), compared to $11.0 million in Q2 2024. Operating expenses increased to $27.7 million from $15.6 million year-over-year.
The company's HOPE-3 Phase 3 trial completed its 12-month treatment period with topline data expected in Q4 2025. Additionally, the FDA cleared the IND for StealthX™ exosome-based vaccine, with NIAID initiating the Phase 1 clinical trial.
President Trump pledged Monday to push through federal legislation outlawing so-called “no cash bail” policies in states and cities across the country — withupstate Rep. Elise Stefanik(R-NY) quickly telling The Post she will be writing the bill.
“That’s what started the problem in New York, and they don’t change it. They don’t want to change it. That’s what started in Chicago.”
New York state in 2019 barred judges from requiring bail for most crimes, including burglary and simple assault, leading to many high-profile instances of offenders quickly finding new victims upon their release — prompting Albany to make some changes to expand judges’ authority to hold suspects.
President Trump said Monday he will seek to legislative the end of local rules against cash bail.Yuri Gripas – Pool via CNP / MEGA
“I will be leading legislation to end [Gov.] Kathy Hochul and New York’s failed bail reform once and for all to save New York and save America,” Stefanik told The Post soon after Trump spoke
“The radical, dangerous and insane criminals and illegals-first policies must end now. We need law and order that puts America first.”
Rep. Elise Stefanik told The Post she will write the bill.CQ-Roll Call, Inc via Getty Images
Trump floated potential additional measures against New York at his press conference, without going into details.
“Bad politicians started it, bad leadership started it, but that’s one thing that’s central, no cash bail,” Trump said. “Somebody murders somebody and they’re out on no cash bail before the day is out.”
Trump vowed to force a bill through Congress, despite slim Republican majorities in the House and Senate, where 60 votes generally is needed to approve legislation.
“I’m going to have to get the Republicans to vote. Because the Democrats are weak on crime — totally weak on crime. They don’t know why. They want it to stop because they get mugged too,” he said.
“We’ll count on the Republicans in Congress and the Senate to vote. We have the majority, so we’ll vote. We don’t have a big majority but we’ve gotten everything, including the great big beautiful bill.”
DC US Attorney Jeanine Pirro praised the concept, but added Monday that she wanted to heap pressure on the District’s Council to change other laws, including the city’s Youth Rehabilitation Act, which allows judges to set aside the sentences of offenders 24 and younger.
US Attorney Jeanine Pirro of DC slammed the DC Council and bans on cash bail.Ron Sachs – CNP / MEGA
Pirro, whose office uniquely prosecutes both federal and local crime, noted that gunman Javarry Peaks, 19, was sentenced to probation last month by DC Superior Court Judge Rainey Branch — despite being filmed shooting a fellow bus passenger in the chest.
“I convict someone of shooting another person with an illegal gun on a public bus in the chest [with] intent to kill,” Pirro said. “I convict him and you know what? The judge gives him probation, says you should go to college. We need to go after the DC Council and their absurd laws.”
TELA Bio, Inc. ("TELA Bio"), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions, today reported financial results for the second quarter ended June 30, 2025.
Recent Highlights
Delivered revenue of $20.2 million in the second quarter 2025, representing growth of 26% over the prior year period and sequential growth of 9% over the first quarter of 2025;
Increased demand for OviTex® and OviTex PRS Reinforced Tissue Matrix products during the second quarter, resulting in year-over-year revenue increase for each product of approximately 12% and 53%, respectively;
Appointed Jeffrey Blizard as President, effective June 2025, to strengthen commercial leadership and drive consistent performance in sales execution as the Company enters its next phase of growth;
Announced European commercial launch of OviTex Inguinal for robotic and laparoscopic inguinal hernia repair, marking a continued expansion of the Company’s European footprint; and
Reiterated full year 2025 revenue guidance of $85.0 million to $88.0 million, representing 23% to 27% year-over-year growth.
Conference Call
TELA Bio will host a conference call at 4:30 p.m. Eastern Time on Monday, August 11, 2025 to discuss its second quarter financial results. Investors interested in listening to the conference call should register online. Participants are required to register a day in advance or at minimum 15 minutes before the start of the call. A replay of the webcast can be accessed via the Events & Presentations page of the investor section of TELA Bio's website.
Over a million residents across central Maryland, particularly in the Baltimore metro, were warned moments ago by the local utility that a substation failure linked to a major power plant could triggerwidespread blackouts this afternoon. The alert comes barely a week after President Trump handed Maryland Governor Wes Moore and the Democratic Party in Annapolis a political lifeline to prevent power blackouts, underscoring thefragility of the state's power grid under the weight of failed Democrat-driven green energy policies.
Baltimore Gas and Electric (BGE) has asked all 1.3 million of its electric customers in central Maryland "to conserve electricity to reduce the potential for widespread outages this afternoon and evening, due to a power plant experiencing an unplanned disconnection from the BGE electric system."
The Maryland Freedom Caucus reports that a substation linked to the Brandon Shores Power Plant experienced a failure earlier today, which could leave the supply insufficient when demand peaks later. As a result, Baltimore City and surrounding areas may face rolling blackouts this afternoon.
The Maryland Freedom Caucus blamed what it called "irresponsible Democrats" and their "failed green energy policies" for the crisis.
The Maryland Freedom Caucus urges residents in affected areas to take precautions to limit the impact of any outages. But make no mistake—this crisis is the direct result of radical, extremist energy policies from Maryland Democrats and Governor Wes Moore, which are driving reliable power plants toward closure and leaving our grid on the brink. This situation has the real possibility of being a regular occurrence if we do not change course.
We renew our call to Governor Moore to stop relying on federal bailouts and use his executive authority to protect Maryland's energy future:
Keep our existing plants open and reopen recently closed facilities
End the Green Energy Scam mandates strangling our economy
Eliminate the EmPOWER surcharge that drains ratepayers without cooling their homes
Immediately add nuclear to Maryland's Tier 1 energy options.
Last week, U.S. Energy Secretary Chris Wright granted Democrats in the state a massive political lifeline to prevent rolling blackouts by granting a 90-day emergency waiver allowing the H.A. Wagner power plant to exceed pollution limits to avoid rolling blackouts in the Baltimore metro area.
We no longer need to explain how Maryland is becoming the epicenter of the Democratic Party's imploding policies - all on display for the nation to see, especially on the green issue.
Meanwhile, failed green policies and increasing baseload power demand, driven by data centers, EVs, and other electrification trends, have created a perfect storm of hyperinflated power bills for residents.
Power CPI in U.S...
Any blackout today would be disastrous, not just for Gov. Moore, who is being groomed for 2028, but also for Democrats, as their green energy agenda short-circuits with failures.
Back in late June, we were first to point out something startling: contrary to conventional wisdom according to which prices of heavily-tariffed goods would surge and spark runaway inflation (just skim this from certified idiot Paul Krugman), we found just the opposite, namely that Japanese passenger car export prices had plunged by the most on record, demonstrating that it was foreign producers that were eating the bulk of the tariffs, certainly in this particular case.
Three days later, our chart ended up in front of Fed Chair Jerome Powell during his periodic grilling in Congress, where he was unable to give a clear explanation as to why the export prices of Japanese autos would be plunging in response to sharply higher tariffs (the answer, of course, is simple: foreign producers simply can not pass through costs to the US market without losing much if not all of their market share, so they have no choice but to eat the loss).
Fast forward to today when Goldman, similar to Morgan Stanley over the weekend, tried to analyze why those tariffs which it - and so many other economists predicted incorrectly - would already have sent inflation soaring, have failed to do so. While there is a bunch of stuff in the report (which pro subs can read at their leisure here), what was most notable is the "discovery" that it's not just Japanese car makers.
As Goldman's Jan Hatzius reveals, "we find that US import prices on tariffed goods have declined somewhat, suggesting that foreign exporters have absorbed some tariff costs by lowering their export prices to the US, unlike during the 2018-2019 trade war."
Our updated analysis shows that a 1pp increase in the product-level tariff rate led to a 0.25% cumulative decline in import prices over the first three months of implementation, with minimal impact thereafter.
Of course, here Goldman had to mix fact with projection to not sound like a bunch of wrong, confused career economists. When one strips away hypothesis and forecast, here is what actually happened: "following the implementation of China and auto tariffs, import prices (exclusive of tariffs) of both consumer and non-consumer goods from China, as well as import prices of passenger cars (exclusive of tariffs) from the EU and Japan, all experienced sharp declines."
Looking forward, Goldman concludes that whereas "foreign exporters had absorbed 14% of the cost of all tariffs implemented so far through June, their share will rise to 25% if the more recent tariffs follow the same pattern as the earliest tariffs on China."
This also means that the 9% increase in the effective tariff rate through June has reduced import prices by at least 1.3% so far, and that the total 14% increase in the effective tariff rate that Goldman expects in 2025 will likely reduce import prices by 3.7%, if not much more assuming foreign producers continue to keep prices reduced to remain competitive with lower-cost domestic producers.
The rest of the Goldman note goes on to do what Morgan Stanley tried to do yesterday: forecast just when all those tariffs will eventually finally show up in inflation... an exercise they have to do because both giant banks were very wrong in incorrectly assuming that inflation would already be far higher than it is so far. Don't be surprise if tomorrow's CPI comes in tame yet again, prompting even more revisions to Goldman's inflation ETA.
