Emboline™ Raises Over $10 Million in Series C Funding to Fund Further Development of the Emboliner™ Embolic Protection Catheter to Minimize Stroke Risk From TAVR

 

SANTA CRUZ, Calif., Jan. 5, 2021 /PRNewswire/ -- Emboline, Inc., a privately held medical technology company focused on reducing stroke during transcatheter heart procedures, today announced it completed raising over $10 million in Series C funding, from new and existing investors. Funds raised will be used to obtain initial commercial approval of the Emboliner and to launch its upcoming US IDE clinical study, which are both anticipated in 2021.

Minimally-invasive transcatheter aortic valve replacement (TAVR) has undergone exponential growth as lower-risk patients have become eligible for the procedure. However, periprocedural stroke and cognitive decline remain morbidities attributed to debris (emboli) released into the bloodstream during TAVR1. The Emboliner™ is a unique cylindrical nitinol mesh filter with a proximal port to accommodate a TAVR delivery catheter. The device is delivered transfemorally and conforms circumferentially in the aortic arch to accommodate a broad range of patient anatomies. The Emboliner™ provides protection for all three major cerebral aortic arch vessels as well the descending aorta, which provides blood supply to the kidneys, abdomen and lower body. Unlike partial embolic protection or deflection devices, the Emboliner is designed to capture and remove all debris generated during transcatheter heart procedures.

Emboline recently completed the 3-center, 31-patient SafePass 2 study of the Emboliner™ in New Zealand in which the device met all primary endpoints for safety and technical performance when used during TAVR.  The SafePass clinical program provided the first quantitative data on the overall magnitude of procedural debris generated by TAVR, suggesting that all TAVR procedures likely generate clinically-relevant debris. Results were made available at the 2020 TCT-Connect Virtual Conference in October2,3.

"In the SafePass 2 study, we found that the Emboliner works well and is easy to use. The device captured on average 280 particles of a clinically meaningful size (≥150 micron), and 2/3 of the procedures generated at least one particle ≥1 mm," said Dr. Sanjeevan Pasupati, Cardiologist with Waikato Hospital in Hamilton, New Zealand, and Co-Principal Investigator for the study. "We also found that embolic debris was generated by both balloon-expandable and self-expanding valve types used in the study. In the absence of embolic protection, the chances of a particular TAVR patient having a stroke is simply based on the probability of one of those particles going to a critical location in the brain."

"While 2020 has certainly been a challenging year for everyone, we are quite pleased with the progress that our team has made, and we especially appreciate the faith our investors continue to place in us," said Scott Russell, Emboline President and CEO. "We have been pleased with our discussions to date with FDA, and have formally submitted our application for approval to begin our US IDE study in 2021. In addition, we have taken the initial steps toward commercialization outside the US with multiple regulatory filings underway. Moving into the new year, we look forward to both starting our US IDE study and initial commercial launch, both of which we expect to continue to demonstrate the Emboliner's best-in-class performance."

About Emboline
Emboline, Inc., is a privately held medical technology company that has developed the Emboliner™ Total Embolic Protection Catheter, the first embolic protection device designed to provide total embolic protection by capturing and removing all debris from transcatheter procedures that would otherwise travel to the brain, kidneys and other critical organs, and reducing the incidence of stroke, cerebral ischemia, cognitive decline and other adverse outcomes associated with procedure-related emboli. Emboline's technologies are derived from intellectual property invented by Amir Belson, MD, founder of NeoGuide Systems, Vascular Pathways, ZipLine Medical, Qool Therapeutics, Radiaction and others. More information is available at www.emboline.com.

The Emboliner™ is not yet commercially available and is intended for investigational use only.  Performance specifications and claims are subject to revision pending completion of regulatory approvals. Emboline, Emboliner and SafePass are trademarks of Emboline, Inc.

Media Contact for Emboline: media@emboline.com

1. https://www.sciencedirect.com/science/article/pii/S0735109720373885
2. https://tinyurl.com/y5gb9thy
3. https://tinyurl.com/y5xazbeu

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SOURCE Emboline, Inc.

 

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