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PAVmed Plans Spin-Off And Marketing Push For Lucid Diagnostics

 
• By Reed Miller

Lucid, which markets the EsoGuard test for Barrett’s esophagus, will become a separate public company, either through an IPO or a business combination with a health care SPAC.

EsoGuard patient
Lucid's EsoGuard test for Barrett's esophagus • Source: PAVMed/Lucid Diagnostics

PAVmed Inc. subsidiary Lucid Diagnostics will become a separate public company focused on commercializing EsoGuard, a DNA-based test for detecting precursors to esophageal cancer, and other products for the diagnosis and treatment of esophageal cancer.

“Our plan is to go big and to go bold,” PAVmed CEO Lishan Aklog said during a business update conference call on 22 February. “As a separate public company, Lucid...

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