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BioVentrix: Reshaping Heart Failure

BioVentrix Inc. is developing a unique, minimally invasive approach to reshaping the heart’s scarred and enlarged left ventricle aimed at patients who develop ischemic heart failure following a heart attack. The company has made considerable headway with its technology, which offers an interesting balance between a catheter-based and surgical-based procedure; however, CEO Kenneth Miller, well aware of the pitfalls that have plagued earlier companies in this field, is taking a cautious approach to the US market.

There are a variety of device-based solutions under development for the treatment of heart failure (HF), and researchers and manufacturers are uncovering innovative ways to help slow, and potentially reverse, the course of this debilitating and deadly chronic disease. Companies active in this field face many formidable challenges; however, they also could reap huge rewards if they are able to offer a cost-effective therapy that improves outcomes for the large and fast-growing HF population, currently estimated at 23 million people worldwide. (Also see Also see "Heart Failure Start-Ups Balance High-Risk, High-Reward Opportunity" - Medtech Insight, 17 July, 2013..)

HF affects an estimated five million people in the US alone, and by 2030, that number could grow by nearly...

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