MASHINIi

BioCardia, Inc..

BCDA.US | Research and experimental development on natural sciences and engineering

BioCardia, Inc. is a biotechnology company focused on developing novel cell-based therapies for cardiovascular diseases. The company's lead product candidates include CardiAMP Cell Therapy System for the treatment of heart failure and ischemic heart disease. BioCardia utilizes a proprietary biothera...Show More

Ethical Profile

Mixed.

BioCardia, Inc. focuses on developing cell-based therapies for cardiovascular and pulmonary diseases, with its lead product CardiAMP in Phase III trials for ischemic heart failure. Despite this commitment to unmet medical needs, the company reported a quarterly revenue of just $0.06 million and a net loss of $7.95 million, raising concerns about long-term sustainability and therapy accessibility. Regarding worker practices, BioCardia's CEO compensation of US$746,000 in 2023 was lower than the median for similar biotech firms. However, critics point to the CEO's salary comprising 69% of total compensation, significantly higher than the industry average of 23%. Public data on key worker metrics like living wage, safety, and pay equity is notably scarce. The company also received a $506,413 PPP loan in 2020.

Value Scores

Better Health for All50
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals-60
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

50

BioCardia, Inc. is a biotechnology company entirely focused on developing novel cell-based therapies for cardiovascular diseases, including treatments for heart failure and ischemic heart disease.

1
This indicates that 100% of its principal goods and services are aimed at health improvement. The company's activities primarily revolve around research, development, and clinical testing of advanced medical therapies, meaning it generates no revenue from products with negative health outcomes.
2
As a company solely dedicated to developing these therapies, its entire R&D budget is allocated to health improvement, which constitutes over 25% of its capital allocation.

Fair Money & Economic Opportunity

0

No evidence available to assess BioCardia, Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

BioCardia, Inc. has reported zero employment-related penalties since 2010.

1
Additionally, no regulatory actions, violations, fines, or compliance issues related to labor have been mentioned in the provided articles.
2

Fair Trade & Ethical Sourcing

0

No evidence available to assess BioCardia, Inc. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

0

The provided corporate governance information does not contain any quantitative data, financial data, regulatory actions, certifications, or comparisons to industry benchmarks.

1
There are no mentions of fines, violations, or compliance issues, making it impossible to assess the company's performance against the specified metrics.
2

Kind to Animals

-60

BioCardia, Inc. is initiating animal studies for preclinical pharmacology toxicology testing for its BCDA-03 therapy, and preclinical testing was completed for BCDA-04, indicating reliance on animal models.

1
The company used 14 female Yorkshire swine in a study where myocardial infarction was induced by occluding the coronary artery for 60 minutes, with euthanasia at week 4.
2
Animal care was conducted in accordance with the Laboratory Animal Welfare Act, Stanford University Administrative Panel on Laboratory Animal Care, and the “Guide for the Care and Use of Laboratory Animals.”
3
While the company adheres to these guidelines for conducting animal tests, no explicit policy on the strength, scope, or enforcement of animal testing, particularly regarding reduction or prohibition, is stated. There is no evidence that the company employs non-animal testing methods for product safety and efficacy.

No War, No Weapons

0

The provided article discusses general export controls on high-parameter flow cytometers, cell sorters, and liquid chromatography mass spectrometers, noting their potential for both civilian and military applications, particularly in AI systems for military purposes.

1
However, the article does not provide any specific information or data points related to BCDA.US's involvement with these technologies, its revenue from defense contracts, its R&D investments, sales to sanctioned regimes, peacebuilding initiatives, or any other activities relevant to the 'No War, No Weapons' ethical value. Therefore, no KPIs can be scored based on the evidence provided.

Planet-Friendly Business

0

No evidence available to assess BioCardia, Inc. on Planet-Friendly Business.

Respect for Cultures & Communities

0

The provided articles focus on BioCardia's clinical trials, product development, and regulatory aspects, such as FDA Breakthrough designation and data freezes for the CardiAMP Heart Failure Trial.

1
No information is available regarding the company's formal partnerships with community groups, local reinvestment, cultural impact assessments, local employment, grievance mechanisms, or any other metrics related to Respect for Cultures & Communities.

Safe & Smart Tech

0

No relevant evidence was found in the provided articles to assess BioCardia, Inc. (BCDA.US) against the 'Safe & Smart Tech' ethical value. The articles either contained financial data without security-related metrics or were privacy policies pertaining to a different entity (Biocartis), not BioCardia, Inc.

1

Zero Waste & Sustainable Products

0

No evidence available to assess BioCardia, Inc. on Zero Waste & Sustainable Products.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.