Last deal

$45M

Amount

Venture - Series Unknown

Stage

02.05.2017

Date

3

all rounds

$69.04M

Total amount

date founded

Financing round

General

About Company
EPIX Therapeutics manufactures products for electrophysiology using microwave radiometry technology.

Industry

Sector :

Subsector :

Also Known As

Advanced Cardiac Therapeutics

founded date

01.01.2007

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

EPIX Therapeutics is a medical device company that designs and manufactures a catheter-based system for the treatment of patients with atrial fibrillation (AFIB). The company's mission is to improve the treatment of AFIB through the introduction of products based on its proprietary catheter and generator system. The DiamondTempTM System is the only system in the world to leverage three unique capabilities: temperature sensing and feedback, low irrigation flow rates, and high resolution electrogram attenuation. Founded in 2007, the company has pioneered the development of catheter ablation solutions for the treatment of atrial fibrillation and other arrhythmias. In 2014, the company brought in industry veteran Duke Rohlen as Chairman and CEO. The DiamondTempTM radiofrequency ablation system was developed to treat patients with AFIB. The system received CE Marking for the device in late 2017, and FDA approval of an investigational device evaluation application (IDE) to commence a 480-subject, multicenter, global, pivotal trial (Diamond-AF) to treat patients with paroxysmal AFIB. The company expects to complete the enrollment of this IDE study by the end of 2018.
Contacts

Contact Email

Phone number

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Justin Klein

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Justin joined NEA in 2006 and is a Partner on the healthcare team. He focuses on medical device, healthcare technology, and biopharmaceutical company investments. He serves as a director of Advanced Cardiac Therapeutics, Cartiva, FIRE1, Intact Vascular, PhaseBio Pharmaceuticals, Relievant Medsystems, Senseonics, VertiFlex, and VytronUS. Justin’s past board memberships and investments include CV Ingenuity (acquired by Covidien), Nevro (NYSE: NVRO), Topera (acquired by Abbott), TriVascular (NASDAQ: TRIV), and Ulthera (acquired by Merz). He is also a member of the advisory boards for the National Venture Capital Association’s Medical Industry Group and its Medical Innovation and Competitiveness Coalition (MedIC), as well as a member of AdvaMed's Business Development Committee. Prior to NEA, Justin worked for the Duke University Health System—reporting directly to the hospital CEO on health system strategy, finance and clinical service unit operations—as Duke built one of the nation's first and largest healthcare integrated delivery systems. Justin concurrently earned his MD from the Duke University School of Medicine and his JD from Harvard Law School. He has also served as a member of the Board of Trustees of Duke University, where he earned his AB in Economics and his BS in Biological Anthropology and Anatomy.

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Duke Rohlen
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Douglas S. Rohlen, also known as Duke, serves as Chief Executive Officer of Ajax Health LLC. Duke Rohlen serves as an Executive Chairman of EPIX Therapeutics, Inc., and has been its Chief Executive Officer. He is a Co-Founder of Ajax Vascular and serves as its Chief Executive Officer. He is a General Partner of D3DC, LLC. He has over two decades of experience in cardiovascular medical devices. He served as the Chief Executive Officer and President at Spirox, Inc. He was a Co-Founder of CV Ingenuity Corp., and served as its President and Chief Executive Officer. He was a Managing Partner of TauTona Group. He served as President of Fox Technologies. He served as Head of Investor Relations at Foxhollow Technologies Inc. He served as President of Strategic Operations at Foxhollow Technologies Inc. Duke Rohlen served as Vice President of Corporate Development and Investor Relations and as Director of Business Development since joining Foxhollow Technologies Inc., he served as President and Chief Executive Officer of Olive Hill Development, a land development company. He served as a Project Consultant at Massachusetts General Hospital. He served as Director of Business Development at LuMend Corporation, a privately-held company that develops chronic total occlusion products in the treatment of peripheral vascular disease which was acquired by Cordis Corporation. In 1999, he served as Entrepreneur in Residence at Alta Partners, a venture capital firm. He served as a Director of Entellus Medical, Inc., Duke Rohlen holds a B.A. in History from Stanford University and an MBA from Harvard Business School.

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Employee Profiles
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Bill Olson

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