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Open Stent Solution develops the Cornelis™ Valve, the world’s first valvular implant employing RIBBON VALVE technology for non-surgical heart valve replacement, targeting mitral and tricuspid valve regurgitation, to restore heart valve continence and to TREAT heart valve dysfunction. This innovative method offers a less invasive alternative, promising faster recovery and reduced risk compared to traditional surgery.

Completed 26 one day ago
212 investors
Investment achieved
559.484€
Target
500.000€
Invested
111.9%
111.9% INVESTED
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This campaign was live:
From: 29 April 2024
Until: 10 September 2024
Maturity

Prototype/preclinical

Premoney valuation

7.500.000

Estimated exit

2027

Sector

Medical devices

Equity offered

6.25%

Minimum investment

500

FR based flag
Equity L
Tax deduction L
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Overview: Open Stent Solution

Valuation 7.500.000
Estimated return x19
% Offered 6.25%
Estimated exit 2027

The Cornelis Valve™ is a game-changer, transcending conventional boundaries in transcatheter mitral valve replacement (TMVR). Its unparalleled ability to increase patient eligibility not only enhances patient care but also positions us to capture a significant 25% market share within just 5 years of commercialization.

Ribbon Valve Technology: The standout feature is the Ribbon Valve Technology, allowing easy loading into a low-profile delivery system. This technology significantly broadens eligibility criteria, making it suitable for a wider range of patients.

Lower Complication Rates: The low-profile delivery system reduces vascular access complications and bleeding during procedures, contributing to better patient experiences and faster recoveries

The primary advantage of the Cornelis Valve™ is its ability to expand patient eligibility for transcatheter mitral valve replacement (TMVR). By accommodating a broader range of patients who were previously considered ineligible for this procedure, the market potential significantly increases.

Open Stent Solution (OSS) stands at the forefront of minimally invasive heart valve replacement technology, with its groundbreaking Ribbon Valve technology aimed at treating heart valve diseases. Specializing in transcatheter valve replacement, OSS is dedicated to providing innovative, patient-adaptive solutions with the Cornelis valve device, aimed at a wide patient demographic.

Currently, OSS is advancing towards finalizing the Cornelis Valve™ design and moving into the verification, validation, and preclinical trial phases by the third quarter of 2024. The Cornelis™ Valve, designed as a direct replacement for failing heart valves, has demonstrated promising hemodynamic performance and integration within the anatomical heart structures in animal trials, aiming to halt disease progression, enhance quality of life, and extend patient longevity.

With mitral regurgitation—a condition affecting a significant portion of the elderly population—remaining largely untreated due to surgical limitations, OSS targets a potential $18 billion TMVR market by 2032. The company’s innovative approach overcomes the design and anatomical limitations of current technologies, offering a solution for a broader patient base.

OSS’s strategy involves finalizing its product design, engaging with regulatory bodies like the FDA, and initiating clinical trials to achieve global regulatory approvals. Through strategic partnerships with leading heart valve specialists and MedTech companies worldwide, OSS is well-positioned to expedite its market entry and adoption.

Focused on developing treatments for both mitral and tricuspid valve diseases, OSS is committed to expanding access to its technologies, leveraging its expertise to bring these much-needed solutions to patients. With significant seed funding, prestigious awards, and a growing team of experts, OSS is poised to make substantial contributions to the field of heart valve replacement, revolutionizing patient care with its unique, adaptable valve technology.

Why is Capital Cell investing in this company?

Open Stent is a game-changer for heart health, targeting a common heart condition that affects 7 million older adults in Europe, the United States, and China. Currently, many patients do not receive the best treatment because traditional heart surgery is too risky for them, and existing heart devices do not fit well for most people, putting their safety at risk.

Open Stent's innovative solution: a unique heart valve that can be adjusted for any patient, designed to be placed through a simple procedure from the groin, and without open-heart surgery. This new design can match any blood vessel size and heart movement of the patient, promising better outcomes. With successful early animal tests and plans for more studies starting in 2025, Open Stent is on track to meet a significant need in heart care.

Led by a team of expert cardiac surgeons, Open Stent arises to meet a clear medical need drawn directly from the experiences of doctors and patients.

Minimum investment: 500
Type of exit expected: M&A
Drag-along rights
Tag-along rights
Tax deductions
Our company is qualify for French investors with 30% taxe incentives
Main risks

Regulatory hurdles could delay or restrict Open Stent's market access, with the outcome of human clinical trials being a crucial turning point.

Moreover, although there is currently no known competitor with an approach as innovative as Open Stent's to address this significant unmet medical need, new competitors with similar features may emerge.