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JenaValve Raises $62.5 Million In Venture Funding
Date:7/23/2013

also announced that it plans to pursue clinical initiatives in the US as well as pursue regulatory approval for its TAVI product in China.

Gimv Partner Patrick Van Beneden said, "Transcatheter valve implantation is a proven and dynamic market worldwide and JenaValve is delivering a series of compelling new TAVI products that provide benefits over older generations of the technology.  We are pleased with the opportunity to contribute as a partner in this endeavor."

Legend Capital Managing Director Ouyang Xiangyu stated, "Our fund has begun to put more emphasis on investments in global life science companies that have a clear China strategy.  JenaValve is an excellent fit with our strategy to invest in emerging companies in a fast growing segment, backed by solid clinical evidence with a desire to tap into an unmet need for a large subset of patients in China."

About TAVI

Transcatheter aortic valve implantation (TAVI) systems have already yielded nearly $1 billion in revenues worldwide and the market is expected to grow to over $3 billion in 20161. Clinicians are now focused increasingly on TAVI technical and procedural refinements and advancements found in second-generation products such as JenaValve's that address and resolve issues including ease of implantation, the need for post-procedure pacemaker implantation and post-implant paravalvular leakage.

About the JenaValve™ TAVI System

The JenaValve is a true second-generation catheter-based aortic valve implantation system engineered and manufactured to the highest quality standards. The JenaValve transapical TAVI system is currently being sold in Europe. The Company's transfemoral TAVI system is expected to enter into clinical study later in 2013 and is anticipated to be available for sale in 2014.


    SOURCE JenaValve Technology, Inc.
    Copyright©2012 PR Newswire.
    All rights reserved

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