Puzzle Medical Devices Inc. wins the TCT 2022 Shark Tank Innovation Competition

Puzzle Medical Devices Inc. wins the TCT 2022 Shark Tank Innovation Competition

NEW YORK – September 27, 2022 – The Cardiovascular Research Foundation (CRF) is pleased to announce that Puzzle Medical Devices Inc. has won the TCT 2022 Shark Tank Innovation Competition for its novel circulatory assist device percutaneously implanted in the abdominal aorta. The competition took place during Transcatheter Cardiovascular Therapeutics (TCT), the world’s largest educational meeting specializing in interventional cardiovascular medicine, September 16-19 in Boston. The winner also received the Jon DeHaan Foundation Award for Innovation in Cardiology.

“We are thrilled to name Puzzle Medical as the winner of this year’s TCT Shark Tank Innovation Competition,” said Juan F. Granada, MD, President and CEO of CRF, TCT’s sponsor. “Their ModulHeart device has the potential to change the course of treatment for heart failure patients in a minimally invasive way.”

The ModulHeart device provides hemodynamic support through three endovascular pumps inserted in series and assembled in parallel in a self-expanding anchor implanted in the descending aorta. Results from the device’s first-in-human study were published on September 17, 2022 and showed 100% procedural success in four patients. In addition, cardiac output increased by 25%, urine output increased nine-fold, and left ventricular end-diastolic pressure decreased by 78%.

“It is an honor to be recognized by CRF and the Jon DeHaan Foundation,” said Jade Doucet-Martineau, co-founder and CEO of Puzzle Medical Devices, Inc. “Our team is grateful to have been chosen over the other innovative companies that entered this year’s TCT Shark Tank Innovation Competition.With the success of our first-in-man study, further investigations are underway using the ModulHeart device.

“Now in its ninth year, the TCT Shark Tank Innovation Competition was created to highlight the most innovative device concepts and technological developments that have the potential to disrupt the cardiovascular field and dramatically change the way patients are treated,” said Greg L. Kaluza, MD, PhD, senior director of research, CRF Skirball Center for Innovation. “This year, six companies have been chosen to present their technologies at the TCT 2022 Shark Tank. A distinguished panel of multidisciplinary experts judged entrants on the six criteria established for the competition when it was created: unmet clinical need, technology differentiation, intellectual property position/viability, biological proof of concept, regulatory pathway and potential for marketing. »

For the fifth year in a row, the TCT Shark Tank Innovation Competition has partnered with the Jon DeHaan Foundation to offer a $200,000 prize to the winner. The Jon DeHaan Foundation is dedicated to supporting those working to advance cardiac medicine and provides grants and awards to individuals and companies who focus on innovative developments in cardiovascular medicine, including research, prevention, diagnosis , treatment or rehabilitation.

“We are thrilled to support Puzzle Medical’s groundbreaking work as it has the potential to benefit countless heart failure patients and we wish them the best of luck as they pursue their research efforts,” said Robert Schwartz, MD, President of the Jon DeHaan Foundation. “The DeHaan Foundation remains committed to its core mission of supporting cardiovascular disease and medical innovation and our partnership with CRF and TCT is an ideal collaboration to pursue this goal.

“The CRF is truly grateful to the Jon DeHaan Foundation for its continued support of pioneers in the field dedicated to the development of new technologies for the diagnosis and treatment of cardiovascular disease,” added Dr. Granada.

About CRF and TCT

The Cardiovascular Research Foundation (CRF) is one of the world’s leading nonprofit organizations specializing in innovation, research and education in interventional cardiology. The CRF is dedicated to helping physicians improve survival and quality of life for people with heart and vascular disease. For more than 30 years, CRF has helped accelerate medical breakthroughs and educate physicians on the latest treatments for heart disease. CRF Centers of Excellence include CRF Skirball Center for Innovation, CRF Clinical Trials Center, CRF Center for Education, CRF Digital, TCTMD and Structural heart: the Journal du cœur team.

Transcatheter Cardiovascular Therapeutics (TCT) is CRF’s annual scientific symposium and premier educational meeting specializing in interventional cardiovascular medicine. Now in his 34’se year, TCT showcases major breakthroughs in medical research and brings together leading researchers and clinicians from around the world to present and discuss the latest evidence-based research in the field.

For more information, visit www.crf.org and www.tctconference.com.

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