Chris Cleary
appointed Chris Cleary to serve as a Class II director, effective immediately
Highest-materiality recent filing
Orchestra BioMed to receive up to $21M from Haemonetics' acquisition of Vivasure
Expects $11M in 2026 proceeds: ~$5M upfront + ~$6M first milestone payment.
Orchestra BioMed secures $147M+ funding; BACKBEAT enrollment mid-2026
Over $147M in strategic financing since August 2025; Ligand commits additional $31.6M for royalty interest.
Terumo pays $10M for ROFR on Virtue SAB coronary rights globally; $20M equity investment via Series A convertible preferred at $100/share.
Orchestra BioMed raises ~$56M via public offering and private placement; grants warrant
Public offering of 9,413,637 shares at $2.75/sh + pre-funded warrants for 5,136,363 shares at $2.7499; gross $40M.
Orchestra BioMed secures up to $67M in financing from Ligand & Medtronic; cash ~$33.9M
Ligand pays $35M for tiered revenue rights on BACKBEAT & Virtue SAB products; also buys $5M stock and gets 2M-share warrant.
FDA granted Breakthrough Device Designation for AVIM therapy; covers >7.7M U.S. hypertension patients.
Orchestra BioMed postpones Virtue SAB pivotal study to 2024 amid Terumo negotiations
Filed registration statement for resale of shares/warrants; not seeking additional capital.
FDA approved IDE for global pivotal BACKBEAT study evaluating AVIM therapy (BackBeat CNT) for hypertension in pacemaker patients.
Orchestra BioMed reports positive clinical data; plans pivotal trials H2 2023
BackBeat CNT showed 8.1 mmHg net reduction in 24-hour aSBP at 6 months and 17.5 mmHg oSBP reduction at 2 years.
Orchestra BioMed appoints Andrew Taylor as CFO, Bill Little as EVP Corp Dev
Michael Kaswan stepped down as CFO effective June 6, 2023; will consult at $36,180/month for up to 6 months.
Orchestra BioMed reports 2022 net loss of $33.6M; revenue up to $3.5M from negative prior year
Net loss was $33.6M for 2022 vs $23.0M in 2021; operating expenses rose to $36.2M.
Orchestra BioMed completes business combination, 20.2M shares issued, earnout up to 8M shares
Merger closed Jan 26, 2023; each Orchestra share exchanged for 0.465 HSAC2 share; 20.2M new shares issued to Orchestra stockholders.
All 9 proposals approved at Jan 24 EGM, including Merger Agreement, Domestication, and Equity Incentive Plan.
HSAC2 receives redemption requests for 1.6M shares ahead of Jan 24 merger vote
As of Jan 23, 2023, 1,597,888 ordinary shares tendered for redemption by shareholders.
Received Nasdaq notice on Jan 19, 2023 for failure to hold annual meeting within 12 months after FY2021 end (Dec 31, 2021).
Health Sciences Acquisitions Corp 2 extends SPAC deadline to Jan 6, 2023
Board elected to extend business combination deadline from Nov 6, 2022 to Jan 6, 2023.
Shareholders approve extension of business combination deadline to Nov 2022
Extension Proposal approved: 15,084,246 for, 1,365,812 against, 0 abstain.
As of July 22, 2022, shareholders requested redemption of 9,237,883 HSAC2 ordinary shares ahead of July 26 vote on extension to Nov 6, 2022.
Orchestra stockholders receive 0.465 HSAC2 shares per share; earnout up to 8M additional shares at $15/$20 VWAP milestones.
Health Sciences Acquisitions 2 restates financial statements due to equity classification error
Audit committee concludes all ordinary shares should be classified as temporary equity, not permanent.
appointed Chris Cleary to serve as a Class II director, effective immediately
On February 3, 2025, Eric Rose, M.D., notified the Company of his resignation from the Board, effective immediately.
On July 29, 2024, the Board of Directors (the “ Board ”) of Orchestra BioMed Holdings, Inc. (the “ Company ”) appointed John Mack to serve as a Class I director, effective immediately
the board of directors of the Company (the “Board”) appointed Mr. Andrew Taylor, age 52, as Chief Financial Officer of the Company to succeed Mr. Kaswan, effective as of the Separation Effective Date.
Mr. Michael Kaswan, the Company’s Chief Financial Officer, mutually agreed to terms pursuant to which Mr. Kaswan will step down as the Company’s Chief Financial Officer and separate from employment effective as of June 6, 2023
● Michael D. Kaswan, Chief Financial Officer.
Effective as of the Closing, the executive officers of the Company are: ● David P. Hochman, Chief Executive Officer;
● Class III directors: David P. Hochman, Darren R. Sherman and Eric S. Fain, M.D.
● Yuval Mika, Ph.D., General Manager and Chief Technology Officer, Bioelectronic Therapies;
Effective as of the Closing, the following people were appointed as directors of the Company: ● Class I directors: Eric A. Rose, M.D. and Jason Aryeh;
● Class II directors: Pamela Y. Connealy and Geoffrey W. Smith;
Effective as of the Closing, the following people were appointed as directors of the Company: ● Class I directors: Eric A. Rose, M.D. and Jason Aryeh;
Max materiality 0.85 · Median 0.55 · Most common event other_material