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CardioMech Snags $13M For Its Mitral Valve Repair Tech

Medical device startup CardioMech raised $13 million to advance the development and validation of its flagship device, which is designed to treat degenerative mitral valve regurgitation. The catheter-based device seeks to offer an uncomplicated, direct procedure for patients eligible for open-heart surgery as well as those considered eligible for the surgery. ....

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Patient Square Capital Launches Company to Support Medical Device Startups

Healthcare investment firm Patient Square Capital launched a new portfolio company: Elevage Medical Technologies. The company will support growth-stage medical device companies by providing capital, as well as operational and clinical expertise it received an initial investment of $300 million from Patient Square. ....

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