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Cardio Mech As announced it raised $4.53 Million in an initial filing from an offering of $4.53 Million

Cardio Mech As announced it raised $4.53 Million in an initial filing from an offering of $4.53 Million

02/21/23, 11:01 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/NO.svgtrondheim
Money raised
$4.53 million
Industry
medical equipment manufacturing
Round Type
seed

Company Info

Company
CardioMech AS
Location
trondheim, trøndelag, norway
Additional Info
Mitral Regurgitation is the third most common cardiovascular disease that occurs when there is backward flow of blood across the mitral valve. It is highly prevalent, debilitating for patients, and deadly if untreated. The market is expected to be larger than the TAVR market, currently a $6B market. The CardioMech device is an artificial chord that is designed to reduce or eliminate regurgitation and to restore the native anatomy. This catheter-based therapy is intended to be a simple and straightforward procedure and an alternative therapy option for both patients eligible for open-heart surgery and those considered surgically ineligible. Therefore, the CardioMech device can potentially reduce the need for open-heart surgery and may lessen the need for watchful waiting in younger and healthier patients.

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