CVRx

CVRx

Neuromodulation device for heart failure treatment

Overview

CVRx develops BAROSTIM NEO, a neuromodulation therapy for heart failure. The device delivers electrical stimuli to baroreceptors in the cardiovascular system to modulate nerve activity and support blood pressure regulation, aiming to improve heart function in patients who struggle with fatigue, shortness of breath, and fluid retention. The system works through an implanted or wearable neuromodulation device that interacts with the body's nerve signals to influence cardiovascular control. CVRx differentiates itself by offering a focused solution for heart failure that combines the device with provider-focused support programs to facilitate patient access and reimbursement, working with hospitals and clinics to implement therapy. The company's goal is to improve patient outcomes for heart failure and expand the adoption of BAROSTIM THERAPY by helping healthcare providers treat more patients effectively.

About CVRx

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

Industries

Healthcare

Company Size

201-500

Company Stage

IPO

Headquarters

Minneapolis, Minnesota

Founded

2001

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Simplify's Take

What believers are saying

  • Medicare Advantage approval rates reached 50% in early 2026 after Category I CPT code implementation.
  • Q1 2026 revenue grew 20% to $14.8M with gross margin improving to 87%.
  • Real-world data shows 84% reduction in cardiovascular hospital visits post-implantation.

What critics are saying

  • CMS may fail to finalize outpatient reimbursement in 6–12 months, blocking hospital adoption.
  • Medicare Advantage plans could reverse 2026 approval gains within 9–15 months, cutting implant volumes.
  • Abbott or Medtronic may launch rival baroreflex devices in 12–18 months, eroding pricing power.

What makes CVRx unique

  • BAROSTIM NEO is the first FDA-approved neuromodulation device for heart failure symptoms.
  • CVRx uses patented baroreceptor stimulation in the carotid artery to restore autonomic balance.
  • Only therapy with FDA Breakthrough Device designation for baroreflex activation in HFrEF patients.

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Funding

Total Funding

$551.6M

Above

Industry Average

Funded Over

9 Rounds

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

Benefits

Health Insurance

Dental Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Stock Options

Company Equity

Paid Holidays

Parental Leave

Flexible Work Hours

Remote Work Options

Training Programs

Professional Development Budget

Stock Price

Growth & Insights

Headcount

6 month growth

-2%

1 year growth

-1%

2 year growth

0%

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