CardioFlow's VitaFlow Liberty™ Granted EU CE-MDR Mark, Advancing Global Expansion Roadmap

Rhea-AI Summary

MicroPort CardioFlow Medtech (Stock Code: 02160.HK) has announced that its VitaFlow Liberty™ Transcatheter Aortic Valve and Retrievable Delivery System has received EU CE-MDR certification. This milestone highlights the device as a cutting-edge solution for aortic valve stenosis and regurgitation, conditions affecting over 47 million people globally. VitaFlow Liberty™ boasts minimal trauma, quick recovery, and enhanced quality of life, aiming to replace open-heart surgery.

The certification is expected to accelerate global clinical adoption, with the device already covering 700 core hospitals in 10 countries, treating over 10,000 patients. Clinical data presented at PCR London Valves 2023 showed promising long-term outcomes. Pre-market clinical trials in Europe also received positive feedback. This achievement is part of CardioFlow's broader strategy to diversify revenue and strengthen competitive positioning.

Positive

• EU CE-MDR certification for VitaFlow Liberty™.
• Device treats over 10,000 patients globally.
• Presence in 700 core hospitals across 10 countries.
• Positive clinical data from PCR London Valves 2023.
• Pre-market clinical trials in Europe received high appraisal.
• Expected acceleration in global clinical adoption.
• Part of a broader strategy to diversify revenue.
• Strengthened competitive positioning.

Negative

• No financial data provided to gauge immediate impact.
• Yet to confirm post-market clinical results.

SHANGHAI, June 17, 2024 /PRNewswire/ -- MicroPort^® CardioFlow Medtech Corporation (CardioFlow) (Stock Code: 02160.HK) recently announced that its self-developed second-generation transcatheter aortic valve implantation (TAVI) device, the VitaFlow Liberty^TM Transcatheter Aortic Valve and Retrievable Delivery System (VitaFlow Liberty^TM), has received EU CE-MDR certification. This certification highlights VitaFlow Liberty^TM as a pioneering TAVI solution, that sets a new benchmark in transcatheter heart valve treatments.

With over 47 million patients globally^[1] suffering from aortic valve stenosis and regurgitation, the prevalence rates of these conditions are on the rise due to an aging population. The TAVI solution provided by CardioFlow, which avoids open-heart surgery and offers various benefits like minimal trauma, quick recovery, and enhanced quality of life, is increasingly becoming a preferred choice for patients with aortic heart valve disease.

CardioFlow, one of the world's leading innovative medical device companies, has entered the field of structural heart disease when the field was still at an early adoption phase. Originating and headquartered in Shanghai, China, CardioFlow was listed on the Hong Kong Stock Exchange on February 2021. The company has a diverse product pipeline resulting from independent and collaborative research, covering structural heart devices such as transcatheter aortic, mitral, and tricuspid valves, left atrial appendage occludes, and accessories. Leveraging its technological expertise and capacity for innovation, the company has successfully obtained approvals and launched several TAVI products globally, among which VitaFlow Liberty^TM stands out as the world's only electric retrievable transcatheter aortic valve system. The VitaFlow^TM series TAVI solution along with its accessory - the Alwide^TM series Balloon Catheter, has successfully covered nearly 700 core hospitals in 10 countries and regions, treating more than 10,000 patients with aortic valve disease worldwide.

The clinical data from VitaFlow^TM series valves were revealed at PCR London Valves 2023, a leading global conference on structural heart diseases. These results highlight VitaFlow^TM's exceptional long-term clinical performance aligning with international top-tier standards. The long-term results of VitaFlow^TM in high surgical risk patients with severe aortic stenosis showed promising outcomes in all-cause mortality, cardiac mortality, and permanent pacemaker implantation rates for patients over seven years, compared to other similar studies. During the conference, Dr. Darren Mylotte from Galway University Hospitals, Ireland, commented on the excellent data, and introduced the advantages of VitaFlow Liberty^TM in its one of a kind motorized delivery system. The system can assist the valve to position easily due to its flexibility and 360° range of motion when treating complex anatomical patients with severe angled aortic arch deformities. The valve can also be fully retrieved and repositioned when released to 75%, and provides up to 3 retrievable opportunities for each procedure, thereby further optimizing the implantation effect. Additionally, it can effectively ensure the stability of valve release, reduce valve displacement, and make the procedure more controllable.

Before launching into the EU market, VitaFlow Liberty^TM conducted pre-market clinical implantations at Galway University Hospital in Ireland, Rigshospitalet (Copenhagen University Hospital) in Denmark, and St Thomas' Hospital as well as Brighton & Sussex University Hospitals NHS Trust in the United Kingdom, and received very high appraisal from many well-known clinical professionals. Dr. Ole De Backer, a professor of interventional cardiology, who led the TAVI procedures at Rigshospitalet stated, "The overall release process of VitaFlow Liberty^TM is notably stable, ensuring precise positioning. This stability is especially crucial in patients with a small left ventricles, where VitaFlow Liberty^TM consistently achieves stable and precise deployment, fully demonstrating its distinct advantages. We look forward to its positive impact on a broader patient population following CE certification." It has been reported that the European post-market clinical project will also be planned to start this year.

As part of CardioFlow's global expansion roadmap, the company has also achieved significant milestones with CE application on three of its products, including the Alwide^TM Plus Balloon Catheter, an essential accessory for aortic valve procedures, as well as the AnchorMan^TM Left Atrial Appendage Closure System and the AnchorMan^TM Left Atrial Appendage Access System, both developed by its subsidiary, CardioAdvent.

Jeff Lindstrom, President of CardioFlow, stated, "The certification of VitaFlow Liberty^TM by the CE regulatory body under MDR, is a testament to CardioFlow's world-class R&D, quality, and clinical capabilities. This recognition will expedite the global clinical adoption of the VitaFlow^TM series along with other innovative products, advancing CardioFlow's globalization strategy. This achievement also positions us to make a more substantial contributions to developments in the field of heart valve interventions, ultimately benefiting patients across the globe."

Guoming Chen, Chairman of CardioFlow, commented, "Securing the EU CE-MDR marking for VitaFlow Liberty^TM is not just a passport for the product's entry into the European market, it also represents a significant milestone in CardioFlow's history and global roadmap. This achievement will assist in diversifying the company's sources of sales revenue and bolstering our overall competitiveness with a steadfast commitment to world-class product innovation."

1. Frost & Sullivan's statistics, 2021

 

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SOURCE MicroPort CardioFlow Medtech Corporation

FAQ

What recent certification did CardioFlow's VitaFlow Liberty™ receive?

CardioFlow's VitaFlow Liberty™ received the EU CE-MDR certification.

How many patients globally suffer from aortic valve stenosis and regurgitation?

Over 47 million patients globally suffer from aortic valve stenosis and regurgitation.

What are the benefits of CardioFlow's TAVI solution?

CardioFlow's TAVI solution offers minimal trauma, quick recovery, and enhanced quality of life.

How many hospitals are using VitaFlow Liberty™?

VitaFlow Liberty™ is used in nearly 700 core hospitals in 10 countries.

What were the clinical trial results presented at PCR London Valves 2023 for VitaFlow Liberty™?

The results showed promising long-term outcomes, including low all-cause mortality and cardiac mortality rates.

What is the global adoption strategy for VitaFlow Liberty™?

The EU CE-MDR certification is expected to expedite global clinical adoption of VitaFlow Liberty™.