Venus Medtech Receives $37M Investment from Goldman Sachs

venus_medtechVenus Medtech (Hangzhou) Inc., a Hangzhou, China-based transcatheter cardiac valve developer,  received a $37m investment from Goldman Sachs.

The amount of the deal was not disclosed.

The investment will support the company’s R&D as well as commercialization of cardiac valve products.

Led by General Manager Zi Zhenjun, Venus Medtech has developed the Venus A-Valve, with independent intellectual property rights, a transcatheter aortic valve solution meeting China Food and Drug Administration clinical requirement.
In addition to Venus A-Valve, the company is advancing the transcatheter pulmonary artery valve, Venus P-Valve, which has also entered clinical stage. Venus P-Valve is designed for interventional therapy for patients with severe pulmonary regurgitation following surgery to repair Tetralogy of Fallot. Enrollment of patients for a clinical trial is nearly completed.

Venus Medtech plans to start patient enrollment for a pending EU approval-oriented clinical research program in the first half of 2016.

The company is also backed by Qiming Venture Partners, Sequoia Capital China, and Dinova Venture Capital.



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