News | Embolic Protection Devices | April 20, 2018

Emboline Inc. Completes Funding for TAVR Embolic Protection Trial

Money will fund clinical trial for Emboliner Embolic Protection Catheter

Emboline Inc. Completes Funding for TAVR Embolic Protection Trial

April 20, 2018 — Emerging medical device company Emboline Inc. announced it has completed a Series B funding round totaling over $10 million for its total embolic protection device for transcatheter aortic valve replacement (TAVR) procedures. The funding includes $3 million in new equity financing from multiple investors led by SV Tech Ventures and Shangbay Capital, and over $7 million in conversion of previously-issued convertible notes.

"We have been closely monitoring the development of the Emboliner since 2015 and are encouraged by the potential this unique technology has to improve the safety of TAVR and other interventional procedures," said Peng Cheng, managing partner at SV Tech Ventures. "This is an exciting time for Emboline as they begin their clinical studies, and we look forward to continuing our work with the Emboline team to bring this technology to patients across the globe."

As part of the financing, ShangBay Capital's William Dai will join Cheng on the Emboline board of directors.

The working capital will be used to fund the SafePass Clinical trial for the Emboliner Embolic Protection Catheter, the subsequent European CE Mark submission and initial commercial launch.

"The risks of stroke and other neurological damage from TAVR have been getting increased attention in the cardiology community. We recognize that managing these risks will be critical to expanding TAVR into lower-risk patient populations," said William Dai, founding partner at ShangBay Capital.

The Emboliner is a next-generation approach to reducing the risk of cerebral embolic events or stroke that patients may face following TAVR procedures. The device’s design presents significant improvements on first-generation solutions by offering the following:

  • More effective coverage of all cerebral branches with fewer anatomical limitations;
  • Full-body embolic protection, capturing both cerebral and non-cerebral debris;
  • No additional procedural access required;
  • Minimal interference with devices necessary to complete the procedure; and
  • Outstanding ease-of-use and device control

For more information: www.emboline.com

 


Related Content

News | Cath Lab

May 31, 2022 — Innovative Health, LLC, a specialty cardiology reprocessor, announced that the company has received ...

Home May 31, 2022
Home
News | Cath Lab

May 26, 2022 — The U.S. Food and Drug Administration (FDA) has recalled the Dragonfly OpStar Imaging Catheter, and has ...

Home May 26, 2022
Home
News | Cath Lab
April 25, 2022 – NewYork-Presbyterian Hudson Valley Hospital celebrated the launch of its interventional cardiology ...
Home April 25, 2022
Home
News | Cath Lab
April 18, 2022 – Royal Philips and Oulu University Hospital (Finland) have announced a strategic 10-year partnership ...
Home April 18, 2022
Home
News | Cath Lab
February 16, 2022 – Fremont Bank Foundation recently donated $750,000 to its community partner, St. Rose Hospital ...
Home February 16, 2022
Home
News | Cath Lab
February 14, 2022 — A collaborative effort between The Valley Heart and Vascular Institute’s cardiology team ...
Home February 14, 2022
Home
Sponsored Content | Videos | Cath Lab

Advancements in analytics and data visualizations are helping to streamline operations and improve productivity at cath ...

Home January 13, 2022
Home
News | Cath Lab

January 4, 2022 — The U.S. Food and Drug Administration (FDA) has authorized marketing of the first laser-based device ...

Home January 04, 2022
Home
News | Cath Lab

December 14, 2021 — RSIP Vision, a medical imaging company applying advanced artificial intelligence (AI) and computer ...

Home December 14, 2021
Home
Feature | Cath Lab

November 15, 2021 — RealView Imaging Ltd. recently received FDA 510(k) clearance for its Holoscope-i holographic system ...

Home November 15, 2021
Home
Subscribe Now