MedAlliance Raises $37 Million to Launch Sirolimus Drug-Coated Balloon

Mont-sur-Rolle, Switzerland, May 22nd, 2018 – M.A. MedAlliance SA, a company developing and commercializing the first sirolimus micro-reservoir drug-coated balloon (SELUTION™ DCB) to treat patients suffering from peripheral artery disease (PAD), coronary artery disease (CAD), arteriovenous fistulas (AVF) and grafts (AVG) for end-stage renal disease, has raised $37 million.  $37 million consists of $22M equity and $15M in non-dilutive licensing agreements for Japan and China. This Investment Round was led by a $20M investment by Shenzhen Salubris Pharmaceuticals. 

Kevin Ye, Chief Executive Officer of Salubris, highlighted the MedAlliance investment and distribution agreement: “Sirolimus’ combination of anti-restenotic and anti-inflammatory properties have been proven clearly superior to first generation paclitaxel drug coatings on stents, but technical challenges have precluded the transposition of this evolution in stents to the drug-coated balloons used in reperfusion procedures. Salubris is pleased to support MedAlliance progress through this strategic investment, and we look forward working together to commercialize the company’s technology for the benefit of many millions of patients with coronary and peripheral artery disease in China”.

The proceeds from the equity financing will be used to fund European commercialization, US regulatory approval and support global clinical programs.

In January 2018 MedAlliance announced a strategic agreement with Kaneka Corporation, a leading provider of PTCA balloons in Japan. The agreement involves technical collaboration, product licensing, manufacturing and distribution for the MedAlliance DCB, limited to the treatment of coronary arteries in Japan.

"We are very pleased to have both Salubris and Kaneka as partners.  These companies share our belief in providing clear patient benefit demonstrated by strong supporting clinical data”, said Jeffrey B. Jump, Chairman and CEO of MedAlliance.  "The validation from these highly successful, international medical organizations represent a significant endorsement of both our technology and our team."

The MedAlliance technology includes unique micro-reservoirs made from biodegradable polymer intermixed with the anti-restenotic drug sirolimus. These micro-reservoirs provide controlled and sustained release of sirolimus. Extended release of sirolimus from stents has shown to be highly efficacious in both coronary and peripheral vasculatures. MedAlliance’s proprietary CAT (Cellular Adhesive Technology) enables the micro-reservoirs to be coated onto balloons and adhered to the vessel lumen when delivered via an angioplasty balloon.

 Encouraging primary endpoint data from the First-in-Man (FIM) study of the SELUTION DCB was presented at the Leipzig Interventional Course (LINC) in February 2018. Late Loss of the target lesion, as measured by Quantitative Vascular Angiography (QVA) at six months post-index procedure, was 0.19mm. The rate of Target Lesion Revascularization (TLR) was 2.2% - one of the lowest ever reported in a drug-coated balloon FIM study at six months. There were no incidences of either death or the need for minor and/or major amputations. Subgroup data presented at CRT and Charing Cross meetings indicated similar performance in patients with long lesions and with moderately severe and severe calcifications.

“We are very encouraged by the FIM data and investor enthusiasm for this novel sirolimus DCB technology”, concluded Jeffrey B. Jump.

Media Contact:

Richard Kenyon

rkenyon@ma-medalliance.com

+44 7831 569940

 About MedAlliance

MedAlliance is a Swiss privately-owned medical technology company, with R&D facilities in Irvine, California and Singapore.  A team of experienced professionals focus on patient benefit, with a recognized track record of success in the conception, development and commercialization of drug-eluting stents, balloons, polymers and drugs. The company is developing medical products for the treatment of coronary and peripheral artery disease.

About Salubris

Shenzhen Salubris Pharmaceuticals Co., Ltd. engages in the research, development, manufacture, and sale of medicines for cardiovascular diseases, anti-infective diseases, cancer and diabetes in China. The company was founded in 1998 and is based in Shenzhen, China. It has a market capitalization of over $4 Billion. Shenzhen Salubris Pharmaceuticals Co., Ltd. is a subsidiary of Shenzhen Xinlitai Pharmaceutical Co., Ltd.

About Kaneka Corporation

Kaneka Corporation of Osaka, Japan is a $5 billion producer of chemical, pharmaceutical and medical products with 8,400 employees worldwide.

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