CVRx raises $84,000,000

CVRx, Inc., a private medical device company, has completed a fifth round of private equity financing totaling $84 million. The company has developed the Rheos® System, the only implantable device designed to control hypertension, or high blood pressure, a leading cause of heart and kidney disease, stroke and death. This device is intended to provide a new treatment option for the millions of people who cannot control their hypertension with medications.  The first-available two-year data from the European clinical trial evaluating the Rheos System were presented in June 2008 at an international hypertension conference in Berlin. Two-year results showed that systolic blood pressure, a leading indicator of patient risk, was reduced by an average of 35 mmHg (191 mmHg vs. 156 mmHg), and diastolic blood pressure declined by an average of 24 mmHg (116 mmHg vs. 92 mmHg among patients who completed two years of Rheos Therapy. Similar results were found at three months and one year.