Last deal

$10.77M
Local Amount - EUR 10M

Amount

Series B

Stage

02.04.2024

Date

3

all rounds

$33.22M

Total amount

date founded

Financing round

General

About Company
CryoTherapeutics develops a proprietary cryotherapy system to treat coronary artery disease.

Industry

Sector :

Subsector :

founded date

01.01.2009

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

The company's novel catheter system utilizes cryo energy to prevent heart attacks and extend the benefits of cryo energy to the problem of diseased coronary arteries. CryoTherapeutics focuses on the development, demonstration of clinical benefit, and early-stage commercialization of its cryotherapy system. The safety and efficacy of cryoenergy in the cardiovascular system has been demonstrated, and CryoTherapeutics aims to ensure its system's safety and efficacy in treating coronary artery disease. The company's technology offers heart surgeons a new tool to prevent heart attacks and improve patient outcomes.
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People

Founders
1
Randy Werneth
Randy Werneth

Randy Werneth

Randy Werneth is a seasoned executive with 25 years of experience in both small entrepreneurial and Fortune 500 corporations in the medical device industry. Prior to Acutus Medical, Randy Werneth successfully started several other venture backed companies including Ablation Frontiers (acquired by Medtronic), LeanTherapeutics (VC funded), CryoTherapeutics (VC funded) and CardioStream (acquired technology through private deal). Randy Werneth previously held senior level positions at Medtronic, Micro Therapeutics and Edwards Lifesciences where he engineered and/or managed the design & development of numerous medical technologies and clinical procedures in the fields of stents, neuro-embolic materials, vulnerable plaque and electrophysiology. He also sits on the board of several venture funded medical device companies in the US and Europe. Randy Werneth holds a B.S. degree in Engineering from Arizona State University (ASU) and a Masters in Science from University of California at Los Angeles (UCLA). He has more than 45 issued U.S. Patents in various medical technology fields.

current job

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organization founded

3

Randy Werneth

Employee Profiles
6
John Yianni

John Yianni

CEO

Bertrand Grimmonpre

Bertrand Grimmonpre

CFO

Thomas G. Wiggans

Thomas G. Wiggans

President & CEO

Maurice Buchbinder

Maurice Buchbinder

CMO

Activity

Recent News
1