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JenaValve Raises $62.5 Million To Fund Transfemoral TAVI Trial And More

Funds will help the German company continue developing its JenaValve transcatheter aortic valve, including a new clinical trial of the transfemoral version of the system.

The success of the transapical version of JenaValve Technology GMBH’s transcatheter aortic valve implant has attracted $62.5 million in venture capital to help the Munich-based company fund a study of a transfemoral model.

JenaValve announced the $62.5 million Series C financing, led by Belgian venture capital firm Gimv, July 23. The firm plans to start a trial for the transfemoral JenaValve TAVI system in 2013, with plans to launch the device to the European market in 2014

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