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CardioMEMS, Inc. Tops Georgia's 2010 Venture Financing List
Date:4/4/2011

edure, patients perform wireless measurements of their pulmonary artery pressure from home. The pressure data is immediately transmitted to a secure database and is available for review by the implanting physician on the CardioMEMS proprietary website. 

In addition to the $37.9 million venture capital financing deal that propelled the company to the top of the PricewaterhouseCoopers Georgia Top 25 Venture Capital Deals listing, CardioMEMS also received a $60 million investment in late 2010 from St. Jude Medical (NYSE: STJ) in exchange for a 19% equity ownership interest and an exclusive option to acquire the remaining 81% of CardioMEMS for an additional $375 million during a period that extends through the completion of certain commercialization milestones.

For more information on CardioMEMS or the CHAMPION clinical trial, please visit www.cardiomems.com.

About CardioMEMS, Inc.

CardioMEMS is a medical device company that has developed and is commercializing proprietary wireless sensing and communication technology for the human body. The company's technology platform is designed to improve the management of severe chronic cardiovascular diseases such as aneurysms, heart failure, and hypertension. CardioMEMS miniature wireless sensors can be implanted using minimally invasive techniques and transmit cardiac output, blood pressure and heart rate data, which are critical to the management of patients. The sensors are designed to be permanently implanted into the heart and blood vessels due to their small size, durability and lack of wires and batteries. Using radiofrequency (RF) energy, the sensors transmit real-time data to external electronic readers, which then communicate this information to the patient's physician. CardioMEMS developed this technology based on the belief that frequent, on-demand
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SOURCE CardioMEMS, Inc.
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