SeaStar Medical appointed Michael Messinger as CFO to enhance financial and strategic operations for its SCD therapy.
Quiver AI Summary
SeaStar Medical Holding Corporation has announced the appointment of Michael Messinger as Chief Financial Officer, bringing over 25 years of healthcare industry experience to the company. CEO Eric Schlorff expressed confidence in Messinger's financial and strategic expertise as SeaStar Medical seeks to grow its commercial operations, particularly for its QUELIMMUNE (SCD-PED) therapy, which treats life-threatening acute kidney injury in critically ill pediatric patients. Messinger previously held key financial positions at various biotechnology firms, including ContraFect Corporation, and he is enthusiastic about expanding SeaStar's therapy for multiple indications. SeaStar Medical focuses on innovative treatments for organ failure and received FDA approval for its QUELIMMUNE therapy in 2024, with ongoing studies for adult patients as well.
Potential Positives
- Appointment of Michael Messinger as Chief Financial Officer brings extensive financial and operational expertise to SeaStar Medical, enhancing the company's leadership team.
- Mr. Messinger's prior experience includes successfully leading ContraFect Corporation through an IPO and securing significant financing, indicating strong potential for SeaStar Medical's growth.
- SeaStar Medical's QUELIMMUNE (SCD-PED) therapy holds the distinction of being the only FDA-approved treatment for life-threatening acute kidney injury in critically ill pediatric patients, highlighting the company's innovative position in a specialized market.
- The Selective Cytopheretic Device (SCD) therapy has received Breakthrough Device Designation for six indications, suggesting faster regulatory pathways and improved commercial prospects.
Potential Negatives
- The press release highlights numerous risks and uncertainties, including potential difficulties in obtaining regulatory approvals for their product candidates and the challenge of raising sufficient capital to fund operations, which may negatively affect investor confidence.
- It acknowledges a risk of never achieving or sustaining profitability, which could deter potential investors and stakeholders from engaging with the company.
- The mention of potential product liability or regulatory lawsuits indicates a vulnerability that may impact the company's reputation and operational stability.
FAQ
Who is the new Chief Financial Officer of SeaStar Medical?
Michael Messinger has joined SeaStar Medical as the Chief Financial Officer.
What experience does Michael Messinger bring to SeaStar Medical?
He has over 25 years of financial and operational experience in the healthcare industry.
What is the focus of SeaStar Medical's QUELIMMUNE therapy?
QUELIMMUNE targets life-threatening acute kidney injury (AKI) in critically ill pediatric patients.
When was QUELIMMUNE approved by the FDA?
QUELIMMUNE was approved by the FDA in 2024.
What is the significance of the Selective Cytopheretic Device technology?
This technology provides a breakthrough therapy designation for multiple indications, enhancing approval prospects.
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.
$ICU Insider Trading Activity
$ICU insiders have traded $ICU stock on the open market 7 times in the past 6 months. Of those trades, 7 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ICU stock by insiders over the last 6 months:
- HEEL KENNETH VAN has made 2 purchases buying 35,000 shares for an estimated $30,812 and 0 sales.
- JENNIFER A BAIRD has made 2 purchases buying 20,000 shares for an estimated $16,989 and 0 sales.
- JOHN NEUMAN purchased 40,000 shares for an estimated $14,396
- KEVIN CHUNG (Chief Medical Officer) has made 2 purchases buying 14,500 shares for an estimated $13,625 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ICU Hedge Fund Activity
We have seen 10 institutional investors add shares of $ICU stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARMISTICE CAPITAL, LLC removed 613,241 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $261,056
- VANGUARD GROUP INC added 319,879 shares (+556.3%) to their portfolio in Q3 2025, for an estimated $182,331
- GEODE CAPITAL MANAGEMENT, LLC added 190,094 shares (+276.2%) to their portfolio in Q3 2025, for an estimated $108,353
- MILLENNIUM MANAGEMENT LLC added 179,673 shares (+inf%) to their portfolio in Q3 2025, for an estimated $102,413
- UBS GROUP AG removed 81,100 shares (-88.6%) from their portfolio in Q3 2025, for an estimated $46,226
- VIRTU FINANCIAL LLC removed 37,832 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $21,564
- TORONTO DOMINION BANK added 25,000 shares (+inf%) to their portfolio in Q3 2025, for an estimated $14,249
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DENVER, Nov. 17, 2025 (GLOBE NEWSWIRE) -- SeaStar Medical Holding Corporation (Nasdaq: ICU), a commercial-stage healthcare company focused on transforming treatments for critically ill patients facing organ failure and potential loss of life, announced today that Michael Messinger, a seasoned healthcare executive with over 25 years of industry experience, has joined SeaStar Medical as Chief Financial Officer.
“Mike brings to SeaStar Medical a breadth of financial expertise, operational discipline, and strategic healthcare experience that will be invaluable as we grow our commercial operations and prepare for additional commercial opportunities for our SCD therapy,” stated Eric Schlorff, CEO of SeaStar Medical. “I am thrilled to welcome Mike to the team and look forward to working with him to advance both our strategic and financial goals.”
Mr. Messinger brings to SeaStar Medical more than two decades of experience and leadership in financing and accounting for drug discovery and development organizations. He currently serves as a member of the board of directors of Filament Health Corp. and a strategic consultant to various biotechnology companies. Mr. Messinger most recently served as Chief Financial Officer of ContraFect Corporation, where he led the company through its Nasdaq IPO in 2014, multiple financing rounds, including investments from Pfizer Inc., and a $90 million contract with BARDA (Biomedical Advanced Research and Development Authority). Prior to joining ContraFect, Mr. Messinger held senior financial roles at Lexicon Pharmaceuticals, Inc. and Coelacanth Corporation. He started his career as an auditor at Ernst & Young LLP. Mr. Messinger received his B.B.A. degree in accounting from the University of Michigan.
“The commercial results from the use of SeaStar Medical’s first-in-class QUELIMMUNE (SCD-PED) therapy in pediatric AKI patients to date, in addition to the clinical data obtained prior to approval, is truly remarkable,” stated Mr. Messinger. “I am very excited to work with the SeaStar Medical team to build on their early success, expand our SCD therapy to address multiple indications, and fulfill our mission to spare organ function and save lives in patients impacted by destructive hyperinflammation.”
About SeaStar Medical
SeaStar Medical is a commercial-stage healthcare company focused on transforming treatments for critically ill patients facing organ failure and potential loss of life. The QUELIMMUNE (SCD-PED) therapy is SeaStar Medical’s first commercial product based on its patented Selective Cytopheretic Device (SCD) technology. The QUELIMMUNE (SCD-PED) therapy was approved in 2024 by the U.S. Food and Drug Administration (FDA). It is the only FDA approved product for the ultra-rare condition of life-threatening acute kidney injury (AKI) due to sepsis or a septic condition in critically ill pediatric patients. SeaStar Medical’s Selective Cytopheretic Device (SCD) therapy has been awarded Breakthrough Device Designation for six therapeutic indications by the FDA, enabling the potential for a speedier pathway to approval and preferable reimbursement dynamics at commercial launch. The company is currently conducting a pivotal trial of its SCD therapy in adult patients with AKI requiring continuous renal replacement therapy (CRRT), a life-threatening condition with no effective treatment options that impacts over 200,000 adults in the U.S. annually.
For more information visit www.seastarmedical.com or visit us on LinkedIn or X .
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1955. These forward-looking statements include, without limitation, SeaStar Medical’s expectations with respect to anticipated patient enrollment and the expansion of the clinical trial sites; the total addressable market for adult SCD applications; the ability of SeaStar Medical to gain market share and generate sales with respect to the total addressable market for adult SCD applications; the ability of SCD to treat patients with AKI and other diseases and gain regulatory approval; the expected regulatory approval process and timeline for commercialization; and the ability of SeaStar Medical to meet the expected timeline. Words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside SeaStar Medical’s control and are difficult to predict. Factors that may cause actual future events to differ materially from the expected results include, but are not limited to: (i) the risk that SeaStar Medical may not be able to obtain regulatory approval of its SCD product candidates; (ii) the risk that SeaStar Medical may not be able to raise sufficient capital to fund its operations, including current or future clinical trials; (iii) the risk that SeaStar Medical and its current and future collaborators are unable to successfully develop and commercialize its products or services, or experience significant delays in doing so, including failure to achieve approval of its products by applicable federal and state regulators, (iv) the risk that SeaStar Medical may never achieve or sustain profitability; (v) the risk that SeaStar Medical may not be able to secure additional financing on acceptable terms; (vi) the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations, (vii) the risk of product liability or regulatory lawsuits or proceedings relating to SeaStar Medical’s products and services, (viii) the risk that SeaStar Medical is unable to secure or protect its intellectual property, and (ix) other risks and uncertainties indicated from time to time in SeaStar Medical’s Annual Report on Form 10-K, including those under the “Risk Factors” section therein and in SeaStar Medical’s other filings with the SEC. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and SeaStar Medical assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
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