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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.
Industries
Healthcare
Company Size
201-500
Company Stage
IPO
Headquarters
Minneapolis, Minnesota
Founded
2001
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$551.6M
Above
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Funded Over
9 Rounds
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CVRx shares rose 11.6% to close at $5.86, driven by investor optimism following strong first-quarter 2026 results. The medical device company posted a loss of 50 cents per share on revenues of $14.8 million, with both figures exceeding Zacks Consensus Estimates. For the upcoming quarter, CVRx is expected to report a loss of $0.52 per share on revenues of $15.64 million, representing year-over-year improvements of 8.8% and 15.1%, respectively. However, the consensus earnings estimate has remained unchanged over the past 30 days. The stock currently carries a Zacks Rank of Hold. CVRx is part of the medical instruments industry, alongside companies like Steris, which gained 2.4% in the last session.
CVRx to present at the William Blair 46th Annual Growth Stock Conference. GlobeNewswire | CVRx, Inc. Today at 1:30pm PDT MINNEAPOLIS, May 20, 2026 (GLOBE NEWSWIRE) - CVRx, Inc. (NASDAQ: CVRX) ("CVRx"), a commercial-stage medical device company focused on developing, manufacturing and commercializing innovative neuromodulation solutions for patients with cardiovascular diseases, announced today that the management team will present at the William Blair 46th Annual Growth Stock Conference in Chicago on Tuesday, June 2, 2026. The Company's presentation will begin at 10:40 a.m. (CT). A live webcast of the event can be found at ir.cvrx.com. An archived version of the presentation will be available following the live event and can be accessed at the same location for a limited time. About CVRx, Inc. CVRx is a commercial-stage medical device company focused on developing, manufacturing and commercializing innovative neuromodulation solutions for patients with cardiovascular diseases. Barostim(TM) is the first medical technology approved by FDA that uses neuromodulation to improve the symptoms of patients with heart failure. Barostim is an implantable device that delivers electrical pulses to baroreceptors located in the wall of the carotid artery. The therapy is designed to restore balance to the autonomic nervous system and thereby reduce the symptoms of heart failure. Barostim received the FDA Breakthrough Device designation and is FDA-approved for use in heart failure patients in the U.S. It has been certified as compliant with the EU Medical Device Regulation (MDR) and holds CE Mark approval for heart failure and resistant hypertension in the European Economic Area. To learn more about Barostim, visit www.cvrx.com. Investor Contact: Mark Klausner or Mike Vallie ICR Healthcare 443-213-0501 [email protected] Media Contact: Emily Meyers CVRx, Inc. 763-416-2853 [email protected] This is a paid placement. For further inquiries, please contact GlobeNewswire directly.
CVRx, a commercial-stage medical device company, reported preliminary first quarter 2026 revenue of $14.7 million to $14.8 million, representing approximately 20% growth compared to the same period in 2025. The company's gross margin is expected to reach 87%, up from 84% in Q1 2025. The Minneapolis-based firm, which develops neuromodulation solutions for cardiovascular diseases, had $72.3 million in cash and cash equivalents as of 31 March 2026. The company operated 257 active US implanting centres and 56 sales territories at quarter end. Early 2026 data shows improved Medicare Advantage prior authorisation approval rates, rising to 50% in the first two months from 44% in 2025, following the implementation of Category I CPT codes in January.
CVRx has amended its Loan and Security Agreement with Innovatus Life Sciences Fund I, expanding its secured term loan facility from $50 million to $100 million. The medical device company drew an additional $10 million upon closing, bringing total outstanding borrowings to $60 million. The amendment adjusts the interest rate to floating prime (with a 6.75% floor) plus a margin, extends the interest-only period to four years, and pushes the maturity date to 9 May 2031. Additional tranches will become available upon meeting revenue and market capitalisation milestones. The expanded facility is designed to enhance liquidity and support the company's growth initiatives.
CVRx (CVRX) announced the presentation of new real-world evidence at the Technology and Heart Failure Therapeutics conference in Boston.
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Industries
Healthcare
Company Size
201-500
Company Stage
IPO
Headquarters
Minneapolis, Minnesota
Founded
2001
Find jobs on Simplify and start your career today