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Home » Artivion provides $25M loan to Endospan for stent graft system

Artivion provides $25M loan to Endospan for stent graft system

July 2, 2024 By Sean Whooley

Endospan Nexus aortic arch stent graft
The Nexus aortic arch stent graft system. [Image from Endospan]
Endospan announced today that entered into an agreement with Artivion for additional loans totaling up to $25 million.

Artivion develops, markets and sells a number of products in more than 100 countries around the world. Its offerings land within four groups: aortic stent grafts, surgical sealants, mechanical heart valves and implantable cardiac and vascular human tissue. Its loans aim to accelerate Endospan’s push toward FDA approval for its Nexus stent graft system.

Endospan currently has ongoing enrollment in a TRIOMPHE FDA investigational device exemption (IDE) study for Nexus. It aims to evaluate the safety and effectiveness of Nexus in treating thoracic aortic lesions involving the aortic arch. The company expects to enroll up to 110 patients at up to 31 sites.

According to a news release, early data suggests that Nexus could provide a straightforward, minimally invasive solution for aortic arch repair that allows for procedural consistency with reliable patient outcomes. The system could provide an alternative for those who need open-chest surgery.

“We’re excited to progress in our IDE study with the FDA and extending options for more patients with aortic arch disease through this agreement with Artivion,” Kevin Mayberry, CEO of Endospan, said. “We share a commitment with Artivion to delivering minimally-invasive solutions to help surgeons address the complex challenges of this growing market.”

Filed Under: Business/Financial News, Cardiac Implants, Cardiovascular, Clinical Trials, Endoscopic, Funding Roundup, Stent Grafts, Stents, Structural Heart Tagged With: Artivion, endospan

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About Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at [email protected].

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