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Founded Year

2007

Stage

Convertible Note - IV | Alive

Total Raised

$94.45M

Last Raised

$4.61M | 3 mos ago

About NeoChord

NeoChord is a medical technology company engaged in the advancement of beating heart mitral valve repair in patients suffering from mitral valve regurgitation. The company's flagship product, the NeoChord Artificial Chordae Delivery System, is a beating heart procedure, echo-guided treatment for patients with mitral valve regurgitation, and is proven to resolve and restore normal mitral valve function. It was formerly known as mValve. The company was founded in 2007 and is based in St. Louis Park, Minnesota.

Headquarters Location

5402 Parkdale Drive Suite 160

St. Louis Park, Minnesota, 55416,

United States

952-698-7800

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NeoChord Patents

NeoChord has filed 34 patents.

The 3 most popular patent topics include:

  • Cardiac surgery
  • Cardiology
  • Cardiac anatomy
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/13/2020

3/28/2023

Cardiac anatomy, Cardiac surgery, Cardiology, Valvular heart disease, Implants (medicine)

Grant

Application Date

3/13/2020

Grant Date

3/28/2023

Title

Related Topics

Cardiac anatomy, Cardiac surgery, Cardiology, Valvular heart disease, Implants (medicine)

Status

Grant

Latest NeoChord News

NeoChord announces positive study results from transcatheter mitral chordal repair device

Oct 24, 2022

NeoChord recently announced positive results from a clinical study of its transcatheter NeXuS system for mitral chordal repair. The company’s global early feasibility study treated patients with the transcatheter NeXuS system and results at one-year follow-up demonstrated notable clinical benefit and patient physiological improvement, according to the company. NeoChord’s study results showed a pre-procedure mitral regurgitation (MR) grade of severe (4+) was reduced to trace and remained unchanged through all follow-up intervals. The results also showed significant improvement in the left ventricular ejection fraction and left atrial dimensions. “We are pleased to begin reporting on patient outcomes at the 1-year follow-up period. These impressive results build upon our existing body of robust clinical evidence and represent a significant milestone not only for NeoChord, but also for the treatment of mitral regurgitation. Most importantly, the study results validate the efficacy and safety of using the NeXuS System to perform multiple-chord to single anchor procedures and further establishes NeoChord’s leadership position in off-pump, beating heart mitral chordal repair,” President and CEO David Chung said in a news release . Mitral regurgitation is one of the most common heart valve diseases that affect millions of people around the world. If the condition is left untreated, it could lead to chronic heart failure. Mitral regurgitation is characterized by blood leaking backward within the heart that is caused by ruptured native chords and the mitral valve’s inability to close properly. NeoChord’s NeXuS transcatheter mitral chordal repair device restores function in patients with primary mitral regurgitation. It maintains the natural physiologic functionality of the mitral valve and is deployed through the vein using a transfemoral delivery catheter that is navigated transeptally to the diseased native mitral valve. “These are compelling results for the future of minimally invasive transcatheter chordal repair, a procedure poised to drive positive outcomes and patient benefits by maintaining the physiologic construction of the mitral valve,” said Dr. Azeem Latin, section head and director of interventional cardiology and structural heart interventions at Montefiore Medical Center. “This procedure is a promising addition to the mitral toolbox and affords the heart team with an option to provide patients with an interventional approach to a surgically-proven technique.”

NeoChord Frequently Asked Questions (FAQ)

  • When was NeoChord founded?

    NeoChord was founded in 2007.

  • Where is NeoChord's headquarters?

    NeoChord's headquarters is located at 5402 Parkdale Drive, St. Louis Park.

  • What is NeoChord's latest funding round?

    NeoChord's latest funding round is Convertible Note - IV.

  • How much did NeoChord raise?

    NeoChord raised a total of $94.45M.

  • Who are the investors of NeoChord?

    Investors of NeoChord include Treo Venture, Baird Capital Partners, Deerfield Management, U.S. Venture Partners, CHV Capital and 10 more.

  • Who are NeoChord's competitors?

    Competitors of NeoChord include Vertos Medical, Avertix, Cardiac Dimensions, Ancora Heart, EBR Systems, SynCardia Systems, Corassist Cardiovascular, Cardiva Medical, Benvenue Medical, Solace Therapeutics and 75 more.

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Compare NeoChord to Competitors

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Cardiac Dimensions

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Mitralign Logo
Mitralign

Mitralign develops a catheter-based technology for percutaneous treatment of functional mitral regurgitation. It emulates surgical annuloplasty delivering a series of surgical implants directly into the mitral annulus by means of a catheter. The company was founded in 2004 and is based in Tewksbury, Massachusetts.

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