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Healthcare - Biotechnology - NASDAQ - US
$ 13.7
1.48 %
$ 623 M
Market Cap
-13.43
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one CAPR stock under the worst case scenario is HIDDEN Compared to the current market price of 13.7 USD, Capricor Therapeutics, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one CAPR stock under the base case scenario is HIDDEN Compared to the current market price of 13.7 USD, Capricor Therapeutics, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one CAPR stock under the best case scenario is HIDDEN Compared to the current market price of 13.7 USD, Capricor Therapeutics, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
25.2 M REVENUE
887.79%
-24.1 M OPERATING INCOME
18.92%
-22.3 M NET INCOME
23.20%
-25.6 M OPERATING CASH FLOW
-520.61%
5.11 M INVESTING CASH FLOW
114.56%
25.6 M FINANCING CASH FLOW
424.84%
2.26 M REVENUE
-43.05%
-13 M OPERATING INCOME
-12.24%
-12.6 M NET INCOME
-14.15%
-11.6 M OPERATING CASH FLOW
5.26%
7.19 B INVESTING CASH FLOW
48845.32%
67.3 M FINANCING CASH FLOW
3157.12%
Balance Sheet Capricor Therapeutics, Inc.
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Current Assets 50.9 M
Cash & Short-Term Investments 39.5 M
Receivables 10.4 M
Other Current Assets 996 K
Non-Current Assets 7.88 M
Long-Term Investments 0
PP&E 7.61 M
Other Non-Current Assets 268 K
Current Liabilities 31.3 M
Accounts Payable 6.22 M
Short-Term Debt 749 K
Other Current Liabilities 24.3 M
Non-Current Liabilities 4.86 M
Long-Term Debt 1.49 M
Other Non-Current Liabilities 3.38 M
EFFICIENCY
Earnings Waterfall Capricor Therapeutics, Inc.
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Revenue 25.2 M
Cost Of Revenue 1.07 M
Gross Profit 24.1 M
Operating Expenses 48.2 M
Operating Income -24.1 M
Other Expenses -1.79 M
Net Income -22.3 M
RATIOS
95.75% GROSS MARGIN
95.75%
-95.63% OPERATING MARGIN
-95.63%
-88.52% NET MARGIN
-88.52%
-98.61% ROE
-98.61%
-37.95% ROA
-37.95%
-106.53% ROIC
-106.53%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Capricor Therapeutics, Inc.
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Net Income -22.3 M
Depreciation & Amortization 1.07 M
Capital Expenditures -2.05 M
Stock-Based Compensation 7.39 M
Change in Working Capital -11.8 M
Others -3.27 M
Free Cash Flow -27.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Capricor Therapeutics, Inc.
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Wall Street analysts predict an average 1-year price target for CAPR of $28.7 , with forecasts ranging from a low of $14 to a high of $43 .
CAPR Lowest Price Target Wall Street Target
14 USD 2.19%
CAPR Average Price Target Wall Street Target
28.7 USD 109.25%
CAPR Highest Price Target Wall Street Target
43 USD 213.87%
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership Capricor Therapeutics, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
15 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
4 months ago
Sep 20, 2024
Bought 15 M USD
Nippon Shinyaku Co Ltd
10 percent owner
+ 2798507
5.36 USD
1 year ago
Oct 12, 2023
Bought 1.13 K USD
Musket David B
Director
+ 410
2.75 USD
1 year ago
Oct 10, 2023
Bought 28.3 K USD
COLLIER EARL M JR
Director
+ 10000
2.83 USD
1 year ago
Oct 09, 2023
Bought 14.3 K USD
Musket David B
Director
+ 5083
2.82 USD
1 year ago
Oct 06, 2023
Bought 14.2 K USD
Auwaerter Paul Gisbert
Director
+ 5000
2.84 USD
1 year ago
Oct 04, 2023
Bought 7.25 K USD
Musket David B
Director
+ 2500
2.9 USD
1 year ago
Apr 17, 2023
Sell 949 M USD
Avat Xavier
- 14772
64258 USD
1 year ago
Mar 28, 2023
Sell 12.2 K USD
Avat Xavier
- 3000
4.06 USD
2 years ago
Jun 29, 2022
Bought 5.64 K USD
Avat Xavier
director: CHIEF BUSINESS OFFICER
+ 1500
3.7619 USD
2 years ago
Jun 29, 2022
Sell 106 K USD
Musket David B
director:
- 28215
3.77 USD
2 years ago
Jun 27, 2022
Sell 78.9 K USD
Musket David B
director:
- 17775
4.44 USD
7 years ago
May 09, 2017
Bought 3.55 M USD
CEDARS SINAI MEDICAL CENTER
10 percent owner
+ 1145161
3.1 USD
7 years ago
May 09, 2017
Bought 77.5 K USD
Musket David B
Director
+ 25000
3.1 USD
7 years ago
May 09, 2017
Bought 31 K USD
Manzo Louis
Director
+ 10000
3.1 USD
8 years ago
Mar 16, 2016
Bought 22.8 K USD
Marban Linda
Chief Executive Officer
+ 5076
4.5 USD
8 years ago
Sep 21, 2016
Bought 1 M USD
CEDARS SINAI MEDICAL CENTER
10 percent owner
+ 312500
3.2 USD
8 years ago
Mar 16, 2016
Bought 1 M USD
CEDARS SINAI MEDICAL CENTER
10 percent owner
+ 416666
2.4 USD
8 years ago
Mar 16, 2016
Bought 937 K USD
CEDARS SINAI MEDICAL CENTER
10 percent owner
+ 208333
4.5 USD
8 years ago
Mar 16, 2016
Bought 5.04 K USD
GERSHELL LELAND
CHIEF FINANCIAL OFFICER
+ 2100
2.4 USD
8 years ago
Mar 16, 2016
Bought 4.72 K USD
GERSHELL LELAND
CHIEF FINANCIAL OFFICER
+ 1050
4.5 USD
8 years ago
Mar 16, 2016
Bought 9.74 K USD
Krasney Karen
EVP, General Counsel
+ 4060
2.4 USD
8 years ago
Mar 16, 2016
Bought 9.14 K USD
Krasney Karen
EVP, General Counsel
+ 2030
4.5 USD
8 years ago
Mar 16, 2016
Bought 24.4 K USD
Marban Linda
Chief Executive Officer
+ 10152
2.4 USD
8 years ago
Mar 16, 2016
Bought 22.8 K USD
Marban Linda
Chief Executive Officer
+ 5076
4.5 USD
8 years ago
Mar 16, 2016
Bought 4.87 K USD
Bergmann Anthony
Vice President of Finance
+ 2030
2.4 USD
8 years ago
Mar 16, 2016
Bought 4.57 K USD
Bergmann Anthony
Vice President of Finance
+ 1015
4.5 USD
8 years ago
Mar 16, 2016
Bought 240 K USD
Manzo Louis
Director
+ 100000
2.4 USD
8 years ago
Mar 16, 2016
Bought 225 K USD
Manzo Louis
Director
+ 50000
4.5 USD
8 years ago
Mar 16, 2016
Bought 48.7 K USD
GRASMICK LOUIS J
Director
+ 20304
2.4 USD
8 years ago
Mar 16, 2016
Bought 171 K USD
GRASMICK LOUIS J
Director
+ 71065
2.4 USD
8 years ago
Mar 16, 2016
Bought 160 K USD
GRASMICK LOUIS J
Director
+ 35532
4.5 USD
8 years ago
Mar 16, 2016
Bought 45.7 K USD
GRASMICK LOUIS J
Director
+ 10152
4.5 USD
8 years ago
Mar 16, 2016
Bought 1 M USD
St. John Edward A.
10 percent owner
+ 416666
2.4 USD
8 years ago
Mar 16, 2016
Bought 937 K USD
St. John Edward A.
10 percent owner
+ 208333
4.5 USD
9 years ago
Aug 20, 2015
Bought 18.9 K USD
GRASMICK LOUIS J
Director
+ 4630
4.077 USD
9 years ago
Aug 19, 2015
Bought 5.57 K USD
GRASMICK LOUIS J
Director
+ 1320
4.22 USD
9 years ago
Aug 19, 2015
Bought 18.6 K USD
Marban Linda
Chief Executive Officer
+ 4200
4.42 USD
9 years ago
Aug 18, 2015
Bought 21.5 K USD
Marban Linda
Chief Executive Officer
+ 5000
4.31 USD
9 years ago
Aug 19, 2015
Bought 18.6 K USD
Marban Linda
Chief Executive Officer
+ 4200
4.42 USD
9 years ago
Aug 18, 2015
Bought 21.5 K USD
Marban Linda
Chief Executive Officer
+ 5000
4.31 USD
9 years ago
Aug 19, 2015
Bought 18.6 K USD
Marban Eduardo
10 percent owner
+ 4200
4.42 USD
9 years ago
Aug 18, 2015
Bought 21.5 K USD
Marban Eduardo
10 percent owner
+ 5000
4.31 USD
9 years ago
Aug 19, 2015
Bought 18.6 K USD
Marban Eduardo
10 percent owner
+ 4200
4.42 USD
9 years ago
Aug 18, 2015
Bought 21.5 K USD
Marban Eduardo
10 percent owner
+ 5000
4.31 USD
10 years ago
Jan 21, 2015
Bought 1.5 M USD
St. John Edward A.
10 percent owner
+ 425773
3.523 USD
10 years ago
Jan 21, 2015
Bought 3 M USD
CEDARS SINAI MEDICAL CENTER
10 percent owner
+ 851546
3.523 USD
10 years ago
Jan 21, 2015
Bought 100 K USD
Manzo Louis
Director
+ 28384
3.523 USD
10 years ago
Jan 21, 2015
Bought 25 K USD
Krasney Karen
EVP, General Counsel
+ 7096
3.523 USD
10 years ago
Jan 21, 2015
Bought 250 K USD
Musket David B
Director
+ 70962
3.523 USD
10 years ago
Jan 21, 2015
Bought 500 K USD
GRASMICK LOUIS J
Director
+ 141924
3.523 USD
10 years ago
Jan 21, 2015
Bought 25 K USD
Kazam Joshua A
Director
+ 7096
3.523 USD
12 years ago
Mar 30, 2012
Bought 5 K USD
Evans Daron
Chief Financial Officer
+ 12500
0.4 USD
12 years ago
Mar 30, 2012
Bought 4.69 K USD
Evans Daron
Chief Financial Officer
+ 9375
0.5 USD
12 years ago
Mar 30, 2012
Bought 5 K USD
Lieu Hsiao
Executive VP, Clinical Dev.
+ 12500
0.4 USD
12 years ago
Mar 30, 2012
Bought 4.69 K USD
Lieu Hsiao
Executive VP, Clinical Dev.
+ 9375
0.5 USD
12 years ago
Mar 30, 2012
Bought 50 K USD
Kazam Joshua A
President & CEO
+ 125000
0.4 USD
12 years ago
Mar 30, 2012
Bought 46.9 K USD
Kazam Joshua A
President & CEO
+ 93750
0.5 USD
12 years ago
Mar 30, 2012
Bought 50 K USD
BREWER RICHARD B
Executive Chairman
+ 125000
0.4 USD
12 years ago
Mar 30, 2012
Bought 46.9 K USD
BREWER RICHARD B
Executive Chairman
+ 93750
0.5 USD
14 years ago
Apr 22, 2010
Bought 35 K USD
Kazam Joshua A
Chief Executive Officer
+ 50000
0.7 USD
14 years ago
Apr 22, 2010
Bought 14.1 K USD
Kazam Joshua A
Chief Executive Officer
+ 15000
0.94 USD
16 years ago
Apr 15, 2008
Bought 460 USD
Lieu Hsiao
VP, Clinical Research
+ 100
4.6 USD
15 years ago
Jul 07, 2009
Bought 5 K USD
Evans Daron
Chief Financial Officer
+ 3952
1.265 USD
15 years ago
Jul 07, 2009
Bought 4.51 K USD
Evans Daron
Chief Financial Officer
+ 1976
2.28 USD
15 years ago
Jul 07, 2009
Bought 1.24 K USD
Evans Daron
Chief Financial Officer
+ 988
1.25 USD
15 years ago
Jul 07, 2009
Bought 1.69 K USD
Evans Daron
Chief Financial Officer
+ 988
1.71 USD
15 years ago
Jul 07, 2009
Bought 125 K USD
KASH PETER M
Director
+ 98814
1.265 USD
15 years ago
Jul 07, 2009
Bought 113 K USD
KASH PETER M
Director
+ 49407
2.28 USD
15 years ago
Jul 07, 2009
Bought 30.9 K USD
KASH PETER M
Director
+ 24704
1.25 USD
15 years ago
Jul 07, 2009
Bought 42.2 K USD
KASH PETER M
Director
+ 24703
1.71 USD
15 years ago
Jul 07, 2009
Bought 250 K USD
Kazam Joshua A
Director
+ 197628
1.265 USD
15 years ago
Jul 07, 2009
Bought 225 K USD
Kazam Joshua A
Director
+ 98814
2.28 USD
15 years ago
Jul 07, 2009
Bought 84.5 K USD
Kazam Joshua A
Director
+ 49407
1.71 USD
15 years ago
Jul 07, 2009
Bought 61.8 K USD
Kazam Joshua A
Director
+ 49407
1.25 USD
15 years ago
Mar 12, 2009
Bought 382 USD
Kazam Joshua A
Director
+ 510
0.75 USD
15 years ago
Mar 11, 2009
Bought 4.62 K USD
Evans Daron
Chief Financial Officer
+ 6000
0.77 USD
15 years ago
Mar 13, 2009
Bought 3.75 K USD
Evans Daron
Chief Financial Officer
+ 5000
0.75 USD
16 years ago
Dec 16, 2008
Bought 3.56 K USD
Kazam Joshua A
Director
+ 3100
1.15 USD
16 years ago
Dec 16, 2008
Bought 2.88 K USD
TANEN DAVID M
Director
+ 2500
1.15 USD
16 years ago
Dec 15, 2008
Bought 2.62 K USD
Kazam Joshua A
Director
+ 2500
1.05 USD
16 years ago
Dec 15, 2008
Bought 2.6 K USD
TANEN DAVID M
Director
+ 2480
1.05 USD
16 years ago
Dec 15, 2008
Bought 20.8 USD
TANEN DAVID M
Director
+ 20
1.04 USD
16 years ago
Dec 12, 2008
Bought 5.87 K USD
TANEN DAVID M
Director
+ 4000
1.4675 USD
16 years ago
Dec 12, 2008
Bought 1.58 K USD
Strumph Peter M
Chief Executive Officer
+ 2000
0.79 USD
16 years ago
Dec 12, 2008
Bought 1 K USD
Strumph Peter M
Chief Executive Officer
+ 1000
1 USD
16 years ago
Dec 12, 2008
Bought 2.23 K USD
Evans Daron
Chief Financial Officer
+ 3186
0.7 USD
16 years ago
Dec 12, 2008
Bought 1.25 K USD
Evans Daron
Chief Financial Officer
+ 1000
1.25 USD
16 years ago
Dec 12, 2008
Bought 3.5 K USD
KASH PETER M
Director
+ 2500
1.4 USD
16 years ago
Dec 12, 2008
Bought 1.58 K USD
KASH PETER M
Director
+ 1500
1.05 USD
16 years ago
Dec 11, 2008
Bought 408 USD
KASH PETER M
Director
+ 600
0.68 USD
16 years ago
Dec 12, 2008
Bought 5.91 K USD
Kazam Joshua A
Director
+ 4100
1.4408 USD
16 years ago
Dec 11, 2008
Bought 3.38 K USD
Kazam Joshua A
Director
+ 4100
0.8236 USD
16 years ago
Dec 11, 2008
Bought 2.43 K USD
Evans Daron
Chief Financial Officer
+ 3000
0.81 USD
16 years ago
Dec 11, 2008
Bought 440 USD
Evans Daron
Chief Financial Officer
+ 814
0.54 USD
16 years ago
Dec 11, 2008
Bought 2.77 K USD
TANEN DAVID M
Director
+ 4000
0.6918 USD
16 years ago
Dec 11, 2008
Bought 2.16 K USD
Strumph Peter M
Chief Executive Officer
+ 3580
0.6028 USD
16 years ago
Apr 15, 2008
Bought 460 USD
SCHAFER GREGORY W
Director
+ 100
4.6 USD
16 years ago
Apr 14, 2008
Bought 900 USD
Evans Daron
Chief Financial Officer
+ 200
4.5 USD
16 years ago
Apr 14, 2008
Bought 940 USD
Evans Daron
Chief Financial Officer
+ 200
4.7 USD
16 years ago
Apr 14, 2008
Bought 4.7 K USD
Strumph Peter M
Chief Executive Officer
+ 1000
4.7 USD
16 years ago
Apr 14, 2008
Bought 940 USD
Strumph Peter M
Chief Executive Officer
+ 200
4.7 USD
7. News
CAPR Stock Up on Completion of Rolling Submission of DMD Drug BLA Capricor stock gains 8% upon completing the rolling submission of the BLA for its lead asset, deramiocel, to treat DMD cardiomyopathy in the United States. zacks.com - 2 weeks ago
Capricor Therapeutics Completes Submission of Biologics License Application to the U.S. FDA for Deramiocel for the Treatment of Duchenne Muscular Dystrophy -If approved, deramiocel would be first approved therapy for Duchenne muscular dystrophy cardiomyopathy- -BLA submission triggers $10 million milestone payment to Capricor from Nippon Shinyaku- SAN DIEGO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Capricor Therapeutics (NASDAQ: CAPR), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, today announced the completion of the submission of its Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) seeking full approval for deramiocel, an investigational cell therapy, to treat patients diagnosed with Duchenne muscular dystrophy (DMD) cardiomyopathy. “The submission of the BLA marks a pivotal step for Capricor and those impacted by DMD. globenewswire.com - 2 weeks ago
Deramiocel's Promise Brightens Capricor's Outlook, With Strings Attached Capricor Therapeutics is advancing deramiocel, an allogeneic cell therapy for DMD-related cardiomyopathy, with a rolling BLA submission and potential FDA approval by 2025. Deramiocel showed significant improvements in upper limb function and LVEF in Phase 2 trials, with ongoing open-label extension trials supporting long-term efficacy and safety. Despite promising prospects, Capricor's upside is limited due to prior commercialization deals, but the stock remains attractively valued with potential milestone payments and royalties. seekingalpha.com - 1 month ago
Capricor: Additional Deramiocel Data Bodes Well For Initiated Rolling BLA Submission Capricor Therapeutics initiated its rolling BLA submission for Deramiocel to treat Duchenne Muscular Dystrophy Cardiomyopathy, with completion expected before the end of 2024. The company presented promising 3-year data from the HOPE-2 OLE study, showing significant improvements in cardiac and skeletal muscle functions. Capricor raised $86.3 million in a public offering, ensuring sufficient cash runway to fund operations into 2027, excluding potential milestone payments from Nippon Shinyaku. seekingalpha.com - 1 month ago
Capricor Therapeutics to Present at Upcoming Investor Conferences SAN DIEGO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Capricor Therapeutics (NASDAQ: CAPR), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, today announced that the Company is scheduled to present at the following upcoming investor conferences. globenewswire.com - 1 month ago
Capricor Therapeutics, Inc. (CAPR) Q3 2024 Earnings Call Transcript Capricor Therapeutics, Inc. (NASDAQ:CAPR ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants A.J. Bergmann - Chief Financial Officer Linda Marbán - Chief Executive Officer Conference Call Participants Ted Tenthoff - Piper Sandler Leland Gershell - Oppenheimer Rick Miller - Cantor Fitzgerald Aydin Huseynov - Ladenburg Operator Good afternoon, ladies and gentlemen and welcome to the Capricor's Third Quarter 2024 Financial Results and Corporate Update Call. seekingalpha.com - 2 months ago
Capricor Therapeutics (CAPR) Reports Q3 Loss, Misses Revenue Estimates Capricor Therapeutics (CAPR) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.25 per share a year ago. zacks.com - 2 months ago
Capricor Therapeutics Reports Third Quarter 2024 Financial Results and Provides Corporate Update SAN DIEGO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Capricor Therapeutics (NASDAQ: CAPR), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, today announced its financial results for the third quarter ended September 30, 2024 and provided a corporate update. globenewswire.com - 2 months ago
Here's Why Momentum in Capricor (CAPR) Should Keep going Capricor (CAPR) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen. zacks.com - 2 months ago
Is Capricor Therapeutics (CAPR) Outperforming Other Medical Stocks This Year? Here is how Capricor Therapeutics (CAPR) and Hims & Hers Health, Inc. (HIMS) have performed compared to their sector so far this year. zacks.com - 2 months ago
Earnings Preview: Capricor Therapeutics (CAPR) Q3 Earnings Expected to Decline Capricor (CAPR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 months ago
Capricor Therapeutics Announces Closing of Underwritten Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares SAN DIEGO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Capricor Therapeutics (NASDAQ: CAPR), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, announced today the closing of its previously announced underwritten public offering of 5,073,800 shares of its common stock, including the exercise in full of the underwriters' option to purchase additional shares to cover over allotments, bringing the total gross proceeds to Capricor from the offering to approximately $86.3 million, before deducting underwriting commissions and other offering expenses payable by Capricor. All of the shares of common stock sold in the offering, including the over-allotment, were offered by Capricor. The closing of the offering occurred on October 18, 2024. globenewswire.com - 3 months ago
8. Profile Summary

Capricor Therapeutics, Inc. CAPR

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COUNTRY US
INDUSTRY Biotechnology
MARKET CAP $ 623 M
Dividend Yield 0.00%
Description Capricor Therapeutics, Inc., a clinical-stage biotechnology company, focuses on the development of transformative cell and exosome-based therapeutics for the treatment and prevention of spectrum of diseases and disorders. Its lead candidate, CAP-1002, an allogeneic cardiac-derived cell therapy, which has completed phase III clinical trial for the treatment of patients with late-stage Duchenne muscular dystrophy (DMD); and CAP-1002, which is in Phase II clinical trial for the treatment of cytokine storm associated with SARS-CoV-2. The company also develops CAP-2003 that is in pre-clinical development for the treatment of trauma related injuries and conditions; and two vaccine candidates, which are in development stage for the potential prevention of COVID-19. It collaborates with Lonza Houston, Inc. for the clinical manufacturing of CAP-1002, its cell therapy candidate for the treatment of DMD and other indications. The company was founded in 2005 and is headquartered in San Diego, California.
Contact 10865 Road to the Cure, San Diego, CA, 92121 https://www.capricor.com
IPO Date Feb. 13, 2007
Employees 101
Officers Dr. Kristi A. H. Elliott Ph.D. Chief Science Officer Dr. Linda Marbán Ph.D. Co-Founder, President, Chief Executive Officer & Director Catherine Lee Kelleher Consultant Dr. Frank Isaac Litvack FACC, M.D. Executive Chairman of the Board Ms. Karen G. Krasney Executive Vice President, General Counsel & Secretary Mr. Anthony J. Bergmann M.B.A. Chief Financial Officer & Corporate Treasurer