Devices & Diagnostics

Fundraising: Percutaneous mitral valve repair company raises $14.8 million

Name: Cardiosolutions Inc. Location: West Bridgewater, Massachusetts Industry: Medical Devices Products: Developing PerCu-Pro System that is an implanted device to percutaneously repair the mitral valve to prevent blood leaking into the left ventricle (also known as mitral valve regurgitation); the Dexterity Steerable Introducer is a flexible tool that allows physicians to reach difficult-to-access regions of […]

Name: Cardiosolutions Inc.

Location: West Bridgewater, Massachusetts

Industry: Medical Devices

Products: Developing PerCu-Pro System that is an implanted device to percutaneously repair the mitral valve to prevent blood leaking into the left ventricle (also known as mitral valve regurgitation); the Dexterity Steerable Introducer is a flexible tool that allows physicians to reach difficult-to-access regions of the heart.

Money raised: $14.8 million (previous filings show that the company has raised at least $10.7 million in earlier rounds).

How it will be used: Company didn’t immediately return a call in response to that question.

Investors: BioVentures Investors.

Management team: Steven Tallarida, president and chairman; Jon Wilson, chief operating officer; Ross Garofalo, vice president and chief financial officer.

Market size: Several companies note that about 4 million Americans have leaky mitral heart valves.

Competitors: Edwards Lifesciences, QuantumCor, Mitralign, MiCardia among others

 [Photo Credit: Flickr user amagill]

 

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