---
title: "Artificial Heart Maker Picard Medical's Stock Surges 15% After Hours: Here's What's Going On With PMI"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288541787.md"
description: "Picard Medical (PMI) shares surged 15% after hours following successful in vivo studies of its Emperor Total Artificial Heart platform. The company reported stable hemodynamic support with no device-related failures in animal trials. Concurrently, the firm announced a leadership change, terminating CFO Bernard Skaggs and appointing Georgina Smith as Chief Accounting Officer."
datetime: "2026-06-03T07:50:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288541787.md)
  - [en](https://longbridge.com/en/news/288541787.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288541787.md)
---

# Artificial Heart Maker Picard Medical's Stock Surges 15% After Hours: Here's What's Going On With PMI

**Picard Medical, Inc.** (NYSE:PMI) shares jumped 15% to $0.31 after the bell on Tuesday after the Tucson-based medtech announced successful acute in vivo implant studies of its next-generation Emperor Total Artificial Heart (Emperor TAH) platform, conducted at the University of Arizona and Banner University Medical Center.

## Next-Gen Artificial Heart Clears Animal Study

According to the company, three procedures confirmed stable hemodynamic support with no device-related intraoperative failures. The electromechanical system features an independent dual-motor ventricular design enabling side-specific control of systemic and pulmonary circulation, building on the established architecture and clinical experience of the company’s FDA- and Health Canada-approved SynCardia Total Artificial Heart.

CEO Patrick Schnegelsberg called it “another important milestone” toward a fully implantable heart.

The Emperor TAH has not yet received FDA approval.

## Leadership Shakeup

On Monday, a **Securities and Exchange Commission** filing disclosed the termination of CFO **Bernard Skaggs**, with **Georgina Smith** appointed Chief Accounting Officer.

## Trading Metrics, Technical Analysis

Picard Medical has a market capitalization of $24.70 million, with a 52-week high of $13.68 and a 52-week low of $0.11.

The stock of the biotechnology company has a Relative Strength Index (RSI) of 44.09.

Over the past 12 months, PMI has dropped 94.12%.

The small-cap stock is currently trading close its annual low.

PMI's sharp decline and weak positioning suggest continued pressure on shares, highlighting elevated risk and the need for clear signs of a turnaround before investor sentiment improves.

**Price Action:** According to Benzinga Pro data, the stock closed the regular session at $0.27, down 60.67%.

**Benzinga's Edge Stock Rankings** indicate that PMI has a negative price trend across all time frames.

_Photo Courtesy: Proxima Studio on Shutterstock.com_

**Disclaimer:** This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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