CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - SEPTEMBER

26.24

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Catheter Precision to Acquire Assets in Development for Late-Stage Treatment for Acute Decompensated Heart Failure

GlobeNewswire

·

23 Apr

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The Cleveland Clinic Foundation, Abbott Laboratories and a New Era Associates  fund to Acquire Economic Interests in VTAK. Cardionomic was a venture capital and strategic investor-funded privately held company backed by the Cleveland Clinic Foundation, Abbott Laboratories and New Enterprise Associates  that had been developing for a number of years a new therapy based upon novel technology for the treatment of acute decompensated heart failure, or ADHF, for which over 1 million Americans are hospitalized annually. Patients admitted for ADHF have high in-hospital morbidity, frequent rehospitalization and subsequent death. The CPNS System consists of electrical stimulation via a temporary catheter inserted in the pulmonary artery targeting the root cause of heart failure by stimulating the autonomic cardiac nerves to restore autonomic balance. 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