SeaStar Medical Holding CorpICU
Price$3.75

Qualitative Analysis

Business overview

Business Overview

SeaStar Medical Holding Corporation (Nasdaq: ICU) is a commercial-stage medical technology company focused on developing and commercializing extracorporeal therapies that target and redirect hyperactivated immune cells. The company's proprietary Selective Cytopheretic Device (SCD) technology is designed to address destructive hyperinflammation, which can lead to organ failure and death in critically ill patients. SeaStar Medical operates through a single reportable Device Segment. Its first commercial product, QUELIMMUNE (SCD-PED), is FDA-approved under a Humanitarian Device Exemption (HDE) for pediatric patients weighing 10 kg or more with acute kidney injury (AKI) due to sepsis or septic conditions requiring continuous renal replacement therapy (CRRT).

Research as of 20 Jun 2026

Strategic Initiatives

Growth programs, investments, and their expected impact

AI-assisted
QUELIMMUNE Commercial ExpansionExpansion

Expanding the commercial footprint of the FDA-approved QUELIMMUNE therapy for ultra-rare pediatric acute kidney injury (AKI) due to sepsis. The initiative focuses on onboarding new top-ranked children's hospitals and driving repeat orders.

Expected impact: Aims to double the customer base by adding 15 new medical centers and achieve approximately $2.0 million in net product revenue for the full year 2026.

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InvestmentSupported by existing cash reserves and modest quarterly increases in commercial support.
TimelineOngoing throughout 2026
NEUTRALIZE-AKI Pivotal Trial AdvancementInnovation

Advancing the clinical development of the Selective Cytopheretic Device (SCD) therapy for adult patients with AKI in the ICU receiving continuous renal replacement therapy (CRRT).

Expected impact: Positions the company to submit a modular PMA to the FDA, unlocking the adult AKI market which is approximately 50 times larger than the pediatric market.

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InvestmentModest quarterly R&D expense increases of approximately 5% to support clinical trial sites and patient enrollment.
TimelineEnrollment completion targeted around year-end 2026, with top-line results in mid-2027.
Cardio-Renal SCD Therapy DevelopmentInnovation

Evaluating the broader applicability of the SCD therapy in patients with acute congestive heart failure (CHF) with cardiorenal syndrome (CRS) awaiting left ventricular assist device (LVAD) implantation.

Expected impact: Leverages the FDA's Breakthrough Device Designation to establish rapid pathways to commercialization in a high-severity indication with no current effective treatments.

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InvestmentInvestigator-led trial funded by the National Institutes of Health (NIH).
TimelineInitiated in late 2025, ongoing clinical evaluation through 2026.
Sources: 2

Mergers, Acquisitions & Partnerships

Recent deals and strategic collaborations

AI-assisted

Strategic Partnerships

AREVA Research InstituteResearch and Product Supply Agreement

Enables the evaluation of the Selective Cytopheretic Device (SCD) therapy to reduce hyperinflammation in combat soldiers suffering from severe burns, inhalation injuries, and infections.

Terms: Generated approximately $105 thousand in research-related product sales for SeaStar Medical during the fourth quarter of 2025.

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Sources: 1
AI-assisted, source-linked narrative; figures from company filings (SEC EDGAR) and market data. Dates shown per section. Not investment advice. Terms of Use.