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PMI biotech catalysts & pipeline

PICARD MEDICAL INC · Data as of 2026-09-08

Upcoming catalysts

Emperor — FDA meeting

2026

During the remainder of 2026, we expect to submit an application for FDA Breakthrough Device designation.
Source filing

lower-cost driver — NDA/BLA submission

late 2027

We intend to continue reducing per-unit costs, scaling manufacturing capacity toward 3,000 units per year, and advancing a next-generation lower-cost driver targeted for FDA submission in late 2027.
Source filing

Emperor — NDA/BLA submission

2028

Next Generation, driver - less STAH; may seek FDA approval in 2028
Source filing

Emperor platform — IND submission

in 2028

Development milestones for this initial configuration include pursuit of FDA Breakthrough Device designation, continued preclinical studies, a planned Investigational Device Exemption submission in 2028, and an intent to begin clinical study activities in 2029, the scope and design of which will be determined in consultation with FDA.
Source filing

Emperor Total Artificial Heart (TAH) — Regulatory decision

2028

Subject to successful non-clinical testing and regulatory review, we may seek approval as early as 2028, although the regulatory process is inherently unpredictable, and there can be no assurance regarding timing or approval outcomes.
Source filing

SynCardia Total Artificial Heart — Regulatory decision

2028

Next Generation, driver - less STAH; may seek FDA approval in 2028
Source filing

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