Orchestra BioMed initiates the Virtue Trial, comparing its sirolimus balloon to a paclitaxel-coated balloon for coronary ISR treatment.
Quiver AI Summary
Orchestra BioMed has launched the Virtue Trial, the first U.S. pivotal study comparing its innovative Virtue® Sirolimus AngioInfusion™ Balloon (Virtue SAB) to the AGENT paclitaxel-coated balloon in treating coronary in-stent restenosis (ISR). This trial marks a significant advancement in addressing ISR, a serious complication affecting around 100,000 patients annually in the U.S. The Virtue SAB, which utilizes a non-coated delivery method for extended-release sirolimus, has received FDA Breakthrough Device Designation for coronary ISR, small vessel disease, and below-the-knee peripheral artery disease. The trial aims to enroll 740 patients across 75 U.S. centers, evaluating the new approach's effectiveness compared to existing treatments while building on promising preliminary results. The initiative is part of Orchestra BioMed's broader mission to innovate in biomedical technology, with the aim of improving patient outcomes related to arterial diseases.
Potential Positives
- Orchestra BioMed's Virtue® Sirolimus AngioInfusionTM Balloon (Virtue SAB) is the first non-coated drug-eluting balloon system, which may provide a significant advancement in the treatment of coronary in-stent restenosis (ISR) and small vessel disease.
 - The Virtue Trial, being the first U.S. IDE head-to-head randomized trial comparing Virtue SAB with an existing paclitaxel-coated balloon, positions the company to potentially lead in this specific segment of the cardiovascular treatment market.
 - Virtue SAB has received FDA Breakthrough Device Designation for multiple indications, signaling strong regulatory support that could accelerate its market entry and adoption.
 - The trial's initial successful patient enrollments at reputable clinical centers may enhance the company's credibility and attract further interest from investors and partners in the biomedical field.
 
Potential Negatives
- The press release indicates that the Virtue SAB is competing directly against an established product (AGENT paclitaxel-coated balloon), which may suggest challenges in gaining market acceptance due to existing competitor loyalty and established efficacy.
 - The enrollment completion for the Virtue Trial is not expected until mid-2027, indicating a long timeline before potential regulatory approval and market entry, which may hinder the company's growth prospects in the near term.
 - The reliance on positive results from the Virtue Trial to support regulatory approval introduces a significant risk for the company, as unfavorable trial outcomes could negatively impact its product development and market position.
 
FAQ
What is the Virtue® Sirolimus AngioInfusion™ Balloon?
The Virtue SAB is the first non-coated drug-eluting balloon system delivering a large dose of extended-release sirolimus.
What is the purpose of the Virtue Trial?
The Virtue Trial evaluates the performance of Virtue SAB against a paclitaxel-coated balloon in treating coronary in-stent restenosis.
How many patients are expected to enroll in the Virtue Trial?
The trial aims to enroll approximately 740 patients across up to 75 centers in the United States.
What does FDA Breakthrough Device Designation mean for Virtue SAB?
This designation accelerates the development and review process for Virtue SAB in treating coronary ISR and related conditions.
Why is coronary in-stent restenosis a concern?
Coronary ISR is a complication that can lead to serious heart problems, affecting up to 100,000 patients annually in the U.S.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OBIO Insider Trading Activity
$OBIO insiders have traded $OBIO stock on the open market 10 times in the past 6 months. Of those trades, 9 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $OBIO stock by insiders over the last 6 months:
- ADVISORS LLC PERCEPTIVE purchased 700,000 shares for an estimated $1,925,000
 - INVESTMENTS, LP RTW has made 2 purchases buying 99,900 shares for an estimated $275,701 and 0 sales.
 - DAVID P HOCHMAN (See Remarks) has made 2 purchases buying 26,000 shares for an estimated $69,940 and 0 sales.
 - ERIC S FAIN has made 1 purchase buying 5,760 shares for an estimated $15,033 and 1 sale selling 2,683 shares for an estimated $8,183.
 - DARREN SHERMAN (See Remarks) purchased 3,000 shares for an estimated $7,860
 - ANDREW LAWRENCE TAYLOR (Chief Financial Officer) purchased 2,000 shares for an estimated $5,100
 - JASON ARYEH purchased 1,000 shares for an estimated $2,450
 
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OBIO Hedge Fund Activity
We have seen 33 institutional investors add shares of $OBIO stock to their portfolio, and 37 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 1,264,307 shares (-65.0%) from their portfolio in Q2 2025, for an estimated $3,388,342
 - KNOLL CAPITAL MANAGEMENT, LLC added 455,128 shares (+inf%) to their portfolio in Q2 2025, for an estimated $1,219,743
 - MILLENNIUM MANAGEMENT LLC added 409,674 shares (+inf%) to their portfolio in Q2 2025, for an estimated $1,097,926
 - STATE STREET CORP removed 343,586 shares (-72.5%) from their portfolio in Q2 2025, for an estimated $920,810
 - GEODE CAPITAL MANAGEMENT, LLC removed 293,350 shares (-49.3%) from their portfolio in Q2 2025, for an estimated $786,178
 - RENAISSANCE TECHNOLOGIES LLC added 169,400 shares (+inf%) to their portfolio in Q2 2025, for an estimated $453,992
 - VANGUARD GROUP INC removed 150,449 shares (-11.5%) from their portfolio in Q2 2025, for an estimated $403,203
 
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$OBIO Analyst Ratings
Wall Street analysts have issued reports on $OBIO in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Chardan Capital issued a "Buy" rating on 08/13/2025
 - Barclays issued a "Overweight" rating on 05/05/2025
 
To track analyst ratings and price targets for $OBIO, check out Quiver Quantitative's $OBIO forecast page.
$OBIO Price Targets
Multiple analysts have issued price targets for $OBIO recently. We have seen 3 analysts offer price targets for $OBIO in the last 6 months, with a median target of $12.0.
Here are some recent targets:
- Yi Chen from HC Wainwright & Co. set a target price of $10.0 on 09/04/2025
 - Keay Nakae from Chardan Capital set a target price of $20.0 on 08/13/2025
 - Matt Miksic from Barclays set a target price of $12.0 on 05/05/2025
 
Full Release
- Orchestra BioMed’s Virtue ® Sirolimus AngioInfusion TM Balloon (“Virtue SAB”) is the first non-coated drug-eluting balloon system designed to deliver a large liquid dose of proprietary extended-release sirolimus (“SirolimusEFR TM ”)
 - The Virtue Trial is the first U.S. investigational device exemption (“IDE”) head-to-head randomized coronary pivotal trial evaluating a sirolimus-eluting balloon versus a commercially available paclitaxel-coated balloon (AGENT™)
 - Coronary in-stent restenosis (“ISR”), the clinical focus of the Virtue Trial, is a difficult-to-treat and serious complication of coronary stenting that increases the risk of life-threatening heart problems, affecting an estimated 100,000 patients in the U.S. annually
 - Virtue SAB has FDA Breakthrough Device Designation for the treatment of coronary ISR, as well as for coronary small vessel disease and below-the-knee peripheral artery disease
 
NEW HOPE, Pa., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Orchestra BioMed Holdings, Inc. (Nasdaq: OBIO, “Orchestra BioMed” or the “Company”), a biomedical company accelerating high-impact technologies to patients through strategic partnerships with market-leading global medical device companies, today announced the first patient enrollments in the Virtue SAB in the Treatment of Coronary ISR Trial (“Virtue Trial”), the Company’s U.S. IDE pivotal trial comparing its highly differentiated Virtue® Sirolimus AngioInfusion TM Balloon (“Virtue SAB”) to the AGENT paclitaxel-coated balloon, currently the only drug-coated balloon (“DCB”) FDA-approved for a coronary indication. The initial cases were successfully completed by the teams at The Christ Hospital Heart & Vascular Institute in Cincinnati, OH, and St. Francis Hospital & Heart Center in Roslyn, NY, marking the initiation of the Virtue Trial. Dean J. Kereiakes, M.D., FACC, MSCAI, Chairman of The Christ Hospital Heart & Vascular Institute and Medical Director of The Christ Hospital Research Institute and Allen Jeremias M.D., Director of Interventional Cardiology Research and Associate Director, Cardiac Catheterization Laboratory, St. Francis Hospital & Heart Center are co-principial investigators of the Virtue Trial. Designed to support regulatory approval of Virtue SAB, the Virtue Trial is expected to enroll 740 patients at up to 75 centers in the United States with enrollment completion currently planned for mid-2027.
  
   Virtue SAB: Redefining Delivery of Sirolimus
  
  
  “Virtue SAB and SirolimusEFR were specifically designed to optimize the dose, delivery, uptake and extended release of sirolimus without the limitations of a drug coating on the balloon surface. A substantial body of clinical evidence from drug-eluting stent studies has established sirolimus and its analogs as the gold-standard drug for promoting vessel healing and preventing restenosis following interventional procedures,” said Jarrod D. Frizzell, MD, MS, FACC, FSCAI, Director of Complex Coronary Therapeutics, Interventional Cardiology, The Christ Hospital Health Network. “The Virtue Trial will allow us to evaluate the performance of this fundamentally different approach to delivering sirolimus, which has shown promising results in a prior pilot clinical study in coronary ISR treatment, in direct comparison to the AGENT paclitaxel-coated balloon.”
 
Additionally, Dr. Jeremias commented, “Drug coated balloons offer a promising alternative to drug-eluting stents for the treatment of coronary indications such as coronary ISR. Virtue SAB and SirolimusEFR are designed to go beyond DCBs with the goal of optimizing drug dosing, tissue uptake and extended drug bioavailability at the site of treatment. Our team at St. Francis is excited to play a leadership role in the Virtue Trial which will evaluate this differentiated, non-coated drug-delivery system head-to-head versus the current market leading DCB.”
Virtue SAB is designed to deliver a large liquid dose of a proprietary extended-release formulation of sirolimus, SirolimusEFR™, through a non-coated microporous AngioInfusion™ Balloon that protects the drug in transit and helps overcome certain limitations of DCBs. SirolimusEFR™ is designed to enable enhanced tissue uptake and extended release of therapeutic levels of sirolimus through the critical healing period, exceeding previously published target tissue concentrations of proven drug-eluting stents. In the multi-center SABRE pilot study, Virtue SAB demonstrated promising clinical results for the treatment of single-layer coronary ISR:
- 12-month target lesion failure of 2.8%
 - Zero target lesion revascularizations from 12-month follow-up through 36-month follow-up; and
 - 
   6-month late lumen loss of 0.12mm.
   
 
Virtue SAB has FDA Breakthrough Device Designation for the treatment of coronary ISR, as well as for coronary small vessel disease and below-the-knee peripheral artery disease. Orchestra BioMed estimates the total global market opportunity for drug-eluting balloons to be over $10 billion annually.
  
   A Head-to-Head Randomized Evaluation of a Sirolimus-Eluting Balloon vs. a Paclitaxel-Coated Balloon
  
  
  The Virtue Trial is a prospective, multi-center, randomized trial comparing clinical outcomes of Virtue SAB to AGENT Paclitaxel DCB in the treatment of coronary ISR. Data from the Virtue Trial is expected to be used to support regulatory approval in the U.S. The primary endpoint is a non-inferiority comparison of Target Lesion Failure (TLF) defined as a composite of cardiac death, nonfatal target vessel myocardial infarction and ischemia-driven target lesion revascularization at 12 months. The trial is expected to randomize 740 patients across up to 75 centers in the U.S.
 
Darren R. Sherman, President and Chief Operating Officer of Orchestra BioMed stated, “We believe the future of arterial disease treatment will be driven by optimized delivery and extended tissue release of therapeutic doses of sirolimus, the proven antiproliferative drug with well-established safety and effectiveness. Balloon surface-coating drug delivery has challenges and limitations, including dosing constraints, drug-loss that requires rapid device navigation, and the release of large embolic particulates. We designed Virtue SAB and its key enabling technology, our proprietary SirolimusEFR, to overcome these limitations and realize the full potential of arterial drug delivery during angioplasty. With the launch of the Virtue Trial, we’re taking a major step toward realizing our vision of improving patient outcomes.”
  
   About Coronary In-Stent Restenosis (ISR)
  
  
  Coronary ISR is a serious complication of coronary stenting, which can increase the risk of life-threatening heart problems. It is characterized by re-narrowing of a coronary artery segment that was previously treated with a stent. According to the National Cardiovascular Data Registry, coronary ISR occurs in up to 10% of stented patients during the first year and continues at a rate of up to 3% per year thereafter, resulting in an estimated over 325,000 coronary ISR lesions annually worldwide that may require treatment. If left untreated, coronary ISR may lead to stable angina, unstable angina, acute coronary syndrome, acute myocardial infarction, or death.
 
  
   About Virtue SAB
  
  
  Virtue SAB is a highly differentiated, first-of-its-kind drug delivery angioplasty balloon system designed to deliver a proprietary extended-release formulation of sirolimus, SirolimusEFR™. It uses a patented non-coated microporous AngioInfusion™ Balloon to protect the drug in transit and consistently deliver a large liquid dose, overcoming certain limitations of drug-coated balloons. SirolimusEFR delivered by Virtue SAB has been shown in published preclinical series involving hundreds of arterial deliveries to achieve therapeutic levels of extended-release sirolimus through the critical healing period, exceeding published target tissue concentration of proven drug-eluting stents. Virtue SAB and SirolimusEFR demonstrated positive three-year clinical data in coronary ISR in the SABRE study, a multi-center, prospective, independent core lab-adjudicated clinical study of 50 patients conducted in Europe. Virtue SAB has been granted Breakthrough Device Designation by the FDA for the treatment of coronary ISR, coronary small vessel disease and below-the-knee peripheral artery disease.
 
About Orchestra BioMed
Orchestra BioMed is a biomedical innovation company accelerating high-impact technologies to patients through strategic collaborations with market-leading global medical device companies. The Company’s two flagship product candidates - Atrioventricular Interval Modulation (AVIM) Therapy and Virtue® Sirolimus AngioInfusion TM Balloon (Virtue SAB) - are currently undergoing pivotal clinical trials for their lead indications, each representing multi-billion-dollar annual global market opportunities. AVIM Therapy is a bioelectronic treatment for hypertension, the leading risk factor for death worldwide, and is designed to be delivered as a firmware upgrade to a pacemaker and achieve immediate, substantial and sustained reductions in blood pressure in patients with hypertensive heart disease. The Company has a strategic collaboration with Medtronic (NYSE: MDT), one of the largest medical device companies in the world, for the development and commercialization of AVIM Therapy for the treatment of uncontrolled hypertension in pacemaker-indicated patients. AVIM Therapy has FDA Breakthrough Device Designation for these patients, as well as an estimated 7.7 million total patients in the U.S. with uncontrolled hypertension despite medical therapy and increased cardiovascular risk. Virtue SAB is a highly differentiated, first-of-its-kind drug delivery angioplasty balloon system designed to deliver a proprietary extended-release formulation of sirolimus, SirolimusEFR™, for the treatment of atherosclerotic artery disease, the leading cause of mortality worldwide. Virtue SAB has been granted Breakthrough Device Designation by the FDA for the treatment of coronary ISR, coronary small vessel disease and below-the-knee peripheral artery disease. For further information about Orchestra BioMed, please visit www.orchestrabiomed.com , and follow us on LinkedIn .
References to Websites and Social Media Platforms
References to information included on, or accessible through, websites and social media platforms do not constitute incorporation by reference of the information contained at or available through such websites or social media platforms, and you should not consider such information to be part of this press release.
Forward-Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements relating to the enrollment, timing, implementation and design of the Virtue Trial, the ability of data from the Virtue Trial to support regulatory approval in the U.S., the potential efficacy and safety of the Company’s commercial product candidates, the ability of the Company’s partnerships to accelerate clinical development, and the Company’s late-stage development programs, strategic partnerships and plans to expand its product pipeline. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; failure to realize the anticipated benefits of the business combination; risks related to regulatory approval of the Company’s product candidates; the timing of, and the Company’s ability to achieve, expected regulatory and business milestones; the impact of competitive products and product candidates; and the risk factors discussed under the heading “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, and the risk factor discussed under the heading “Item 1A. Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, which was filed with the SEC on May 12, 2025, as updated by any risk factors disclosed under the heading “Item 1A. Risk Factors” in the Company’s subsequently filed quarterly reports on Form 10-Q.
The Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, the Company cautions against placing undue reliance on these forward-looking statements, which only speak as of the date of this press release. The Company does not plan and undertakes no obligation to update any of the forward-looking statements made herein, except as required by law.
  
   Investor Contact:
  
  
  Silas Newcomb
  
  Orchestra BioMed
  
  
   [email protected]
  
 
  
   Media Contact:
  
  
  Kelsey Kirk-Ellis
  
  Orchestra BioMed
  
  
   
    [email protected]