CoreValve was acquired by Medtronic in 2009 for $700 million, plus milestone payments. CoreValve developed a Percutaneous Aortic Valve to replace open heart surgery with a minimally invasive approach. The product was approved in Europe and many other countries, with more than 25,000 patients treated to date. CoreValve is considered as one of the most successful private medtech exits in the last 10 years. The company was founded by Prof Jacques Seguin, a cardiac surgeon and repeat entrepreneur in the cardiovascular space.
CoreValve page on Medtronic.com
The Sofinnova Capital Strategy acts as a founding and lead investor in early-stage biopharma and medtech start-ups focusing on groundbreaking therapeutic technologies.
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