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Lucid Diagnostics closes $15 million financing through Series C Preferred Stock private placement, bolstering its balance sheet. The funding supports near-term commercial acceleration following the start of Medicare reimbursement for EsoGuard.

PUBLIC · LUCDOct 22, 2026

Amount Raised

$15 Million

Round Type

Series C

New YorkBiotechnology

Description

Lucid Diagnostics Inc. has begun receiving payments from Medicare for its EsoGuard® Esophageal DNA Test. The company closed a $15.0 million private placement for shares of its newly designated Series C Convertible Preferred Stock to existing long-term shareholders. This financing aims to strengthen Lucid's balance sheet and extend its cash runway

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Company Information

Company

Lucid Diagnostics

Location

360 MADISON AVENUE

New York, New York, United States

About

Lucid Diagnostics Inc. (Nasdaq: LUCD) is a commercial-stage, cancer prevention medical diagnostics company, and subsidiary of PAVmed Inc. (Nasdaq: PAVM). Lucid is focused on the millions of patients with gastroesophageal disease (GERD), also known as chronic heartburn, who are at risk of developing esophageal precancer and cancer. Lucid’s EsoGuard® Esophageal DNA Test, performed on samples collected in a brief, noninvasive office procedure with its EsoCheck® Esophageal Cell Collection Device, is the first and only commercially available diagnostic test capable of serving as a widespread screening tool to prevent cancer and cancer deaths through early detection of esophageal precancer in at-risk GERD patients. EsoGuard is commercialized in the U.S. as a Laboratory Developed Test (LDT). EsoCheck is commercialized in the U.S. as a 510(k)-cleared esophageal cell collection device.

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Lucid Diagnostics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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