Advanced heart-failure patients may need circulatory support, but conventional pumps can require large access vessels and complex procedures.
R&D Focus
Percutaneous modular heart pumps and mechanical circulatory support.
Innovative Solution
ModulHeart uses several small pumps placed through minimally invasive access to reduce cardiac workload and support organ perfusion.
Solution Effectiveness
In a four-patient first-in-human study, the device was deployed, activated and removed successfully with no procedural or device-related complications; cardiac and kidney-function measures improved.
Investment Funding
Last Funding Stage
Series B
Last Funding Amount
$50M
Startup Stage
Growth Stage
Lead Investors
Accelo (Denver), AG Collective Capital, Ajax Health, BDC Capital, Cordis
People
Founders
Jade Doucet-Martineau
Francois Trudeau
Gabriel Georges
Stuart Kozlick
CEO
Jade Doucet-Martineau
About
Puzzle Medical Device is a developer of a low-risk heart pump intended to cater to the needs of patients suffering from advanced heart failure
Products
Product
ModulHeart percutaneous mechanical circulatory support system.
Star Product
ModulHeart, because it is the company’s lead device and has completed first-in-human evaluation.
Demo Product or Complete Product?
Clinical-development stage; first-in-human study completed and further clinical work is planned.
Future Plan
Market Expansion
Funding supports a larger clinical program and future regulatory submissions in North America and Europe.
Investment Funding
Announced a C$43 million financing round to support clinical development; an earlier seed round funded the first-in-human study.
Awards and Recognitions
Certifications
US FDA Breakthrough Device designation.
M&A and Collabs
Collab
Clinical investigators in Canada and Europe: first-in-human and follow-on clinical studies.
Collab
Academic cardiovascular researchers: organ-perfusion and device-performance studies.
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