Cardiaq Valve Technologies IncCompany Details

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Cardiaq Valve Technologies IncFunding history
Key people
United States
Detailed industries:biotech
Company description

CardiAQ Valve Technologies (CVT), a privately held company, was co-founded by heart surgeon Dr. Arshad Quadri and medical specialty device engineer J. Brent Ratz. The Company is developing innovative approaches to heart valve replacement and is totally focused on transcatheter mitral valve implantation (TMVI). There are about four million people in the developed nations who suffer from mitral regurgitation (MR), yet only about 80,000 repair or replacement surgeries take place each year. The significant treatment gap is largely due to ...the risk associated with open chest/open heart surgery. While several companies are attempting to develop transcatheter approaches to repair the mitral valve, these repair technologies will have limited applicability due to the heterogeneous nature of the disease and, so far, have had a difficult time demonstrating efficacy that is equivalent to surgical approaches. CVT aims to be the first company to offer a transcatheter system for mitral valve implantation to address MR. CVT's unique anchoringand positioningtechnology platform allows the Company to compete where others cannot. As a result, CVT believes that its TMVI system has the potential to provide a faster, safer, and less-invasive alternative to traditional mitral valve surgery, while providing broader applicability and greater effectiveness than the other catheter-based technologies under development. MoreLess


Funding history

DateDeal sizeInvestors 
December 4th, 2012$37,315,863Advent Life Sciences, Orbimed, Versant VenturesView Deal
November 5th, 2012$32,500,863OrbiMed Advisors, Versant VenturesView Deal
January 11th, 2010$6,510,000-View Deal
November 3rd, 2009$1,200-View Deal
May 20th, 2009$884,000-View Deal
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Key people
Nancy BriefsDirector
Vince BurgessDirector
Stan KomatsuConsultant Acting Vice President Valve Operations, Consultant Acting Vice PresidentValve Operations
J. MacRaeDirector
Rob MichielsCEO, Director, Executive Officer
Robrecht MichielsDirector
Arshad QuadriDirector, Executive_Officer, Founder, Chairman & Chief Medical Officer, Founder,Chairman & Chief Medical Officer
Brent RatzCo-Founder, President & COO, Co-Founder,President& COO
J. RatzDirector, Executive Officer
Kalathi ThyagarajanVice President RA-QA-QC
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