In the United States, with the increase in obesity, the incidence of hypertension has also increased significantly in recent years. The traditional treatment of hypertension has been dominated by drugs. The US medical device company CVRx is committed to treating hypertension with implantable devices. It causes a heart failure disorder.
On August 9, CVRx announced the completion of the $113 million Series G round of financing, including $93 million in equity financing and $20 million in debt financing. This round of financing was led by Johnson & Johnson Innovation–JJDC, including New Enterprise Associates, Ysios BioFund I FCR and Windham Venture Partners. The company plans to use this round of financing to complete clinical trials of heart failure baroreceptor reflex stimulation (BeAT-HF) and expand the company's global business.
Founded in 2001 and headquartered in Minnesota, CVRx is a privately held company that develops implantable technologies. The company developed the second generation of minimally invasive implant system BAROSTIM NEO, which was granted the US Food and Drug Administration's humanitarian device exemption. The device is implanted subcutaneously near the human clavicle to stimulate the human nerve reflex system to help control blood flow. In general, neuromodulation techniques are primarily used to treat pain symptoms, and CVRx is applied to antihypertensive and heart failure through innovative means.
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