CVRx, Inc.

General Information
We are a commercial-stage medical device company developing, manufacturing and commercializing innovative and minimally invasive neuromodulation solutions for patients with cardiovascular diseases. Our proprietary platform technology, BAROSTIM,  leverages the brain’s power to address the imbalance of the Autonomic Nervous System (“ANS”), which causes heart failure (“HF”) and other cardiovascular diseases. Our second-generation product, BAROSTIM NEO, is the first and only commercially available neuromodulation device indicated to improve symptoms for patients with HF with reduced Ejection Fraction (“HFrEF”), or systolic HF. BAROSTIM NEO sends electrical pulses to baroreceptors located in the wall of the carotid artery to signal the brain to modulate cardiovascular function.
We estimate that there are about 26 million people globally suffering from HF, including 6.2 million people in the U.S. and 8.6 million people in EU5. HF is characterized by the heart’s inability to effectively circulate blood throughout the body. This causes shortness of breath, extreme fatigue, exercise intolerance, swelling and fluid retention that affects the patient’s quality of life.
Note: Revenue and net loss figures are for the year ended Dec. 31, 2020.
(Note: CVRx upsized its IPO at pricing on June 29, 2021, by offering 7 million shares, up from 6.25 million in the prospectus, at $18 – above its $15-to-$17 range – to raise $126 million.)
Industry: Medical Devices
Employees: 63
Founded: 2000
Contact Information
Address 9201 West Broadway Avenue, Suite 650 Minneapolis, MN 55445
Phone Number 763-416-2840
Web Address
View Prospectus: CVRx, Inc.
Financial Information
Market Cap $296.64mil
Revenues $6.05 mil (last 12 months)
Net Income $-14.11 mil (last 12 months)
IPO Profile
Symbol CVRX
Exchange NASDAQ
Shares (millions): 7.0
Price range $18.00 - $18.00
Est. $ Volume $126.0 mil
Manager / Joint Managers J.P. Morgan/ Piper Sandler/ William Blair
CO-Managers Canaccord Genuity
Expected To Trade: 6/30/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change