Alleviant Medical

Info

Contact Avni Patel
Title COO
Email avni.patel@alleviantmedical.com
Phone 281-772-3330

Description

Congestive heart failure affects 6M people in the US, accounts for over $35B in annual spending, and over 1M hospitalizations each year. Existing therapies afford some clinical benefit, but in many cases are ineffective at relieving symptoms or reducing hospital admissions. Many patients remain severely short of breath with very limited quality of life, and despite best medical therapy, 50% of all heart failure patients die within 5 years of diagnosis.

Alleviant medical is focused on developing a novel minimally-invasive device to relieve patient symptoms, improve functional mobility and reduce the frequency of hospital admissions. Their proprietary, single-use transcatheter system enables cardiologists to decompress the heart’s left atrium which is the key driver of heart failure symptoms and hospitalizations. This treatment is expected to lift the burden of heart failure by improving patient symptoms and quality of life, reducing reliance on costly medications and decreasing hospitalization rates.

To date, Alleviant Medical has developed a fully-functional prototype and performed two large animal studies. The company is currently seeking $1.5M in seed financing to transition device development from functional prototype to finalized design; complete 8-10 large animal studies; and execute an FDA pre-submission meeting over the next 12 months.

Company News

Congestive heart failure device dev Alleviant Medical raises $1m

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DateMar 30, 2018
Alleviant Medical has raised $1.1 million in a new round of debt and options financing, according to an SEC filing posted this week. Money in the round came from 15 unnamed sources, according to the SEC filing, with the first sale recorded on December 19 last year.

Texas Medical Center Announces $25 Million TMC Venture Fund

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DateNov 8, 2017
The Texas Medical Center, the largest medical complex in the world, today announced the TMC Venture Fund, a $25 million initiative designed to support technologies and early-stage companies to flourish in Houston’s health care ecosystem and further the TMC’s mission to advance health, education and research.