BioControl Medical
Active, Implantable Devices for Heart Failure
Company Overview
Snapshot
Founded in January 1999, BioControl Medical operates with 11–50 employees. The company has raised $70 million across one funding round from one investor. In May 2010, Medtronic invested in the company.
Business overview
BioControl Medical is a medical device company specializing in the development of active, implantable devices designed to treat disorders of the autonomic nervous system. Its core technology, the CardioFit system, aims to improve the quality of life and longevity for patients suffering from heart failure by increasing the effect of the parasympathetic nervous system to balance heart function. The company serves the cardiology and neurology markets, focusing on medical treatment and therapeutics within the Health Tech & Life Sciences sector.
Strategic signal
In May 2010, BioControl Medical received a significant investment from Medtronic, a major multinational medical device company. This investment signals strong validation of BioControl Medical's CardioFit system and its potential to address heart failure, indicating a strategic alignment with established industry players and a potential for future market penetration in the medical device sector.
Company Intelligence Q&A
- What is BioControl Medical's primary focus?
- BioControl Medical develops implantable medical devices to treat disorders of the autonomic nervous system, with a specific focus on improving the quality of life and longevity for patients suffering from heart failure.
- What is the CardioFit system?
- The CardioFit system is BioControl Medical's primary product, designed to increase the effect of the parasympathetic nervous system. It aims to balance the heart, alleviate heart failure symptoms, and reverse heart failure deterioration through a stimulator implanted under the skin and a stimulation lead connected to the vagus nerve.
- When was BioControl Medical founded?
- BioControl Medical was founded in January 1999.
- Which company invested in BioControl Medical?
- In May 2010, Medtronic invested in BioControl Medical.
- What is the current employee size of BioControl Medical?
- BioControl Medical has 11–50 employees.