B

BiVACOR

Develops magnetically levitated total artificial heart

Overview

BiVACOR is a clinical-stage medical device company developing the BiVACOR Total Artificial Heart (TAH) to replace a failing heart. The device is a compact, titanium implant that uses a single magnetically levitated rotor to pump blood to the lungs and the rest of the body, eliminating valves and mechanical bearings to reduce blood damage. It serves as a bridge-to-transplant and aims to become a long-term (permanent) alternative to heart transplantation. BiVACOR operates in the cardiovascular medtech space, pursuing regulatory approval through preclinical and clinical trials, including an FDA Breakthrough Device Designation and an Early Feasibility Study. Its strategy includes expanding from Australia to the US, securing funding, and advancing toward commercialization to address the large unmet need in end-stage heart failure.

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About BiVACOR

Simplify's Rating
Why BiVACOR is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Robotics & AutomationHealthcare

Company Size

51-200

Company Stage

Grant

Total Funding

$46.7M

Headquarters

Huntington Beach, CA

Founded

2008

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What believers are saying

  • UCSF transplanted its first artificial-heart patient on March 9, 2026, proving clinical utility.
  • BiVACOR’s 2026 expanded EFS adds fourteen patients, speeding safety and performance data.
  • MRFF funding and 2025 Breakthrough Designation extend cash runway and accelerate commercialization discussions.

What critics are saying

  • Two Australian patients died from intracranial hemorrhage in 2025, exposing anticoagulation fragility.
  • BiVACOR remains bridge-to-transplant dependent; any transplant bottleneck traps patients on temporary support.
  • If expanded 2026 enrollment stalls, Syncardia and next-generation pumps win the durable-artificial-heart market.

What makes BiVACOR unique

  • BiVACOR’s titanium MAGLEV rotor eliminates valves and bearings, reducing wear and hemolysis risk.
  • The FDA accepted BiVACOR into TAP in August 2025, validating its regulatory path.
  • Daniel Timms’ 2008 invention now has first-in-human implants at Baylor, Texas Heart, and UCSF.

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Funding

Total Funding

$46.7M

Above

Industry Average

Funded Over

7 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Health Savings Account/Flexible Spending Account
  • Life Insurance
  • Employee Assistance Program
  • 401(k) Company Match
  • Paid Vacation

Growth & Insights and Company News

6 month growth

1%

1 year growth

3%

2 year growth

0%
Wainscot Media
May 30th, 2025
Artificial Heart Receives Breakthrough Device Designation from FDA

May 30, 2025 - BiVACOR, a clinical-stage medical device company developing the world's first titanium Total Artificial Heart (TAH), announced that its device has received Breakthrough Device Designation from the U.S. Food and Drug Administration (FDA).

TUN
Jul 25th, 2024
Texas Heart Institute Achieves First-Ever BiVACOR Artificial Heart Implantation

The Texas Heart Institute, in collaboration with BiVACOR(R), has made a historic stride in cardiac care with the successful first-in-human implantation of the BiVACOR Total Artificial Heart (TAH).

Business Wire
Feb 20th, 2024
Bivacor® Receives $13 Million To Support Clinical Trials For The Company’S Total Artificial Heart

GOLD COAST, Australia HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--BiVACOR®, a clinical-stage medical device company, today announced $13 million (USD) awarded from the Australian Government’s Medical Research Future Fund (MRFF) grant through the Artificial Heart Frontiers Program (AHFP) to support BiVACOR’s Total Artificial Heart program and future product enhancements. Led by Monash University, the AHFP is comprised of a consortium of research centers in Australia in collaboration with BiVACOR. The $13 million (USD) grant comes from a larger $50 million (AUD) grant from the MRFF to the AHFP to develop and commercialize devices to treat the most common forms of severe heart failure and bring new solutions to underserved patients. The award will support clinical work of the BiVACOR Total Artificial Heart (TAH) and begin development for the integration of wireless power sources for the device

InnovationMap
Jan 8th, 2024
Houston med device company names new CEO

Jim Dillon, a longtime executive in the medical device sector, has been hired to lead BiVACOR and join its board of directors.

The Business Journals
Jan 3rd, 2024
Artificial heart company Bivacor names Jim Dillon new CEO

At the same time, Bivacor also received $3 million in Small Business Innovation Research grant funding from the National Heart, Lung, and Blood Institute at the U.S. National Institute of Health.

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