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CardioMech

CardioMech raises $13M for transcatheter mitral chordal repair tech

January 3, 2024 By Sean Whooley

CardioMech announced that it closed a $13 million financing round, bringing its total funding to $42 million to date. The Norway-based company is developing transfemoral, transeptally delivered mitral valve chordal repair technology in Fridley, Minnesota. Its latest round of funding came from existing and new investors, including an undisclosed strategic investor. CardioMech said in a […]

Filed Under: Business/Financial News, Cardiac Implants, Cardiovascular, Funding Roundup, News Well, Replacement Heart Valves, Structural Heart Tagged With: CardioMech

CardioMech reports first in-person procedure with its transcatheter mitral valve repair tech

December 3, 2021 By Sean Whooley

CardioMech confirmed the completion of the first procedure with its transcatheter mitral valve repair (TMVR) technology. At the Sanger Heart & Vascular Institute in North Carolina, a multidisciplinary heart team evaluated a patient diagnosed with severe symptomatic degenerative mitral regurgitation (DMR). They offered the patient a choice:  open-heart surgery (the standard of care) or the […]

Filed Under: Cardiac Implants, Cardiovascular, Catheters, Clinical Trials, Featured, News Well, Replacement Heart Valves, Structural Heart Tagged With: CardioMech, TMVR

Medical Alley companies raise $1B in Q3

October 13, 2020 By Sean Whooley

The Medical Alley Association announced today that, through three quarters, its member companies raised more than a record-breaking $1 billion in capital for the first time. Last year, the association’s members raised more than $1 billion over the course of a full year, but this year, the 58 member companies took just three quarters to […]

Filed Under: Business/Financial News, Digital Health, Featured, Funding Roundup Tagged With: CardioMech, CVRx Inc., Medical Alley Association, Preventice

Transcatheter mitral valve tech dev CardioMech AS raises $5m

August 12, 2019 By Nancy Crotti

CardioMech AS said today that it has raised another $5 million in a heavily oversubscribed convertible note funding round, bringing its total raised during 2019 to $7.5 million. Experienced medtech investors participated in the round, whose proceeds will be used to further accelerate the development of its transcatheter mitral valve technology, according to the early-stage […]

Filed Under: Business/Financial News, Cardiovascular, Catheters, Funding Roundup, News Well Tagged With: CardioMech

Nevro taps ex-Thoratec CEO Grossman | Personnel Moves, March 20, 2019

March 20, 2019 By Brad Perriello

Nevro Corp. (NYSE:NVRO) said yesterday that it named former Thoratec CEO Keith Grossman to replace president & CEO Rami Elghandour after striking a deal with one of its investors, Broadfin Capital. Grossman re-joined Thoratec after taking over at Conceptus in December 2011 and leading it to a $1.1 billion sale to Bayer in June 2013 (he’d […]

Filed Under: Business/Financial News Tagged With: AdvaMed, California Life Sciences Assn, CardioMech, Check-Cap, electroCore, LivaNova, Nevro Corp., Personnel Moves, renovia, Synaptive Medical, Tactile Systems Technology

Transcatheter mitral valve tech dev CardioMech AS raises $3m

February 11, 2019 By Fink Densford

Early stage cardiovascular intervention tech developer CardioMech AS said today that it raised $2.5 million in a convertible note financing round. The Oslo-based company said that the round was significantly oversubscribed, and included investments from experienced angel investors. CardioMech is developing a transcatheter alternative to cardiac surgery for the placement of artificial chords for the […]

Filed Under: Business/Financial News, Cardiovascular Tagged With: CardioMech

CardioMech taps medtech vet Nehm for CEO | Personnel Moves, November 5, 2018

November 5, 2018 By Brad Perriello

 CardioMech taps medtech veteran Nehm for CEO Swedish mitral valve repair company CardioMech said today that it named medical device industry veteran Richard Nehm as president & CEO effective immediately. Nehm’s resume includes stints at Boston Scientific (NYSE:BSX), Abbott (NYSE:ABT) acquisition Tendyne and ATS Medical (acquired by Medtronic (NYSE:MDT)). CardioMech also named Spinal Stabilization Technologies president […]

Filed Under: Business/Financial News Tagged With: Cantel Medical Corp., CardioMech, Eos Imaging, intersectent, Medibio, micronsolutions, Personnel Moves, Restoration Robotics Inc., Stereotaxis, SurModics Inc., Vascular Insights

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