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Polares Medical SA
↗Lausanne, Switzerland / Palo Alto, USA
Polares Medical is a clinical-stage medical technology company focused on the development of innovative, minimally invasive transcatheter mitral valve therapies. The company's flagship product, the MRace Posterior Leaflet Replacement (PLR) system, is designed to treat patients suffering from mitral regurgitation (MR) by replacing the posterior leaflet with a prosthetic leaflet to improve coaptation with the native anterior leaflet.
Originally a spin-off from Symetis SA (which was acquired by Boston Scientific in 2017), Polares Medical operates with a dual presence in Lausanne, Switzerland, and Palo Alto, California. The company is backed by a strong syndicate of venture capital investors and is actively advancing its clinical studies across the United States, Europe, and Australia.
CLASSIFICATION
Company Type:MedTech
Therapeutic Areas:
Industry:Medical Devices
Sub-Industry:Structural Heart / Cardiovascular
SIZE & FINANCIALS
Employees:1-50
Founded:2010
Ownership:private
Status:operating
FUNDING
Stage:Series C
Total Raised:$115M
Investors:DC Global Ventures, Lumination Capital, Longitude Capital, Decheng Capital, Endeavour Vision, Earlybird Venture Capital, Wellington Partners, IDO Investments
PIPELINE
Stage:Clinical
Lead Drug Stage:Clinical (Early Feasibility/Pilot Studies)
Modalities:Transcatheter Mitral Valve Hemi-Replacement
Active Trials:1
Trial Phases:Phase 1: 1
FDA Approvals:0
EMA Approvals:0
COMPETITION
Position:Emerging
Competitors:Abbott, Boston Scientific, Edwards Lifesciences, Medtronic, Affluent Medical, Nyra Medical, CoreMedic, Pi-Cardia +2 more
LEADERSHIP
Key Executives:
Jacques R. Essinger - CEO
Alex Khairkhahan - COO / Founder
Scientific Founders:Michael Lesh
LINKS
Website:polaresmedical.com
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