Innovative Device Pipeline Procyrion's Aortix device is in the research and development phase with recent successful first-in-human cases and ongoing pivotal trials, indicating a strong pipeline of advanced circulatory support solutions that can address unmet clinical needs.
Regulatory Achievements The company has secured Medicare reimbursement codes and inpatient hospital ICD-10-PCS procedure codes, facilitating future commercialization and reimbursement pathways that simplify hospital adoption and can accelerate sales opportunities.
Funding and Growth With $48 million in funding and recent Series E financing of over $10 million, Procyrion demonstrates strong investor confidence and financial backing, enabling expansion of sales efforts and market outreach for its innovative therapies.
Leadership Updates Recent appointments of key executives and board members, including a Chief Commercial Officer, indicate a focus on building a dedicated team for market entry and commercialization strategies, opening avenues for strategic partnerships and sales expansion.
Market Focus and Needs Targeting cardiogenic and renal impairment markets with a catheter-based pump addresses significant clinical gaps, providing potential sales opportunities within hospitals and specialized cardiac and renal units seeking minimally invasive, innovative support devices.