Cardiawave raises $8.2 million for non-invasive aortic stenosis device
Parisian startup Cardiawave has raised more than $8 million to boost development of its ultrasound device to treat calcific aortic stenosis.
Nearly $3 million came from the European program Instrument PME, which finances disruptive European technologies developed by potentially high-growth companies. Family-controlled investment groups and the company’s traditional shareholders — Sofimac Innovation, Business Angels des Grandes Ecoles, Paris Business Angels, Angels Santé and Angels’ Bay Invest — put in another $5.3 million.
Cardiawave’s pulsed cavitational ultrasound therapy (PCUT) treatment consists of applying ultrasound through a very high-precision mechanical effect (cavitation) to micro-fracture the calcifications and thus make the flaps of the heart valve flexible again immediately during the procedure, according to the company. An integrated imaging device coupled with the ultrasound treatment procedure makes it possible to monitor the treatment’s progress and its effects in real time, the company said.
Read More at the Source: Cardiawave raises $8.2 million for non-invasive aortic stenosis device – MassDevice
By: Nancy Crotti
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