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CVRx Raises $75M In IPO To Commercialize And Develop Heart Failure Therapy

 
• By Reed Miller

The funds will support expanded commercialization of the company’s baroreflex activation stimulation technology to treat heart failure in patients with a low left-ventricular ejection fraction.

NASDAQ building in Time Square at night - Image ID: 2AF6DBG
• Source: Alamy

CVRx plans to raise up to $75m in an initial public offering and plans to be listed on Nasdaq under the ticker CVRX.

The Minneapolis company markets Barostim Neo, the second-generation of its implantable baroreflex activation stimulator. It remains the only commercially available neuromodulation device indicated to improve symptoms for patients suffering heart failure with reduced left-ventricular ejection fraction (HFrEF)

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