CVRx Announces Appointment of Two New Board Members
03 Settembre 2024 - 2:30PM
CVRx, Inc. (NASDAQ: CVRX) ("CVRx"), a commercial-stage medical
device company, today announced the appointments of Kevin Ballinger
and Mitch Hill to its Board of Directors, effective immediately.
The Company also announced that long-serving board member Ali
Behbahani will be leaving the board. Following these changes, the
Company’s Board of Directors consists of seven members.
"We are thrilled to welcome Kevin and Mitch to our Board of
Directors," said Kevin Hykes, President and CEO of CVRx. "Their
extensive experience in the medical device industry, coupled with
their strong track records driving growth and innovation, will be
invaluable as we continue to expand the adoption of our Barostim
therapy. Kevin's deep understanding of interventional cardiology
and Mitch's financial acumen in high-growth healthcare companies
align perfectly with our strategic goals.”
Kevin Ballinger brings over 25 years of experience in the
medical device industry, most recently serving as the Chief
Executive Officer of Aldevron, LLC, where he successfully led the
company through a period of rapid growth and its subsequent
acquisition by Danaher Corporation. Prior to that, he spent over
two decades at Boston Scientific Corporation in various leadership
roles, including Executive Vice President and Global President of
Interventional Cardiology. Ballinger's expertise spans product
development, global commercialization, and strategic planning in
the cardiovascular space. He currently serves on the board of
directors of Silk Road Medical, Inc., and, prior to its acquisition
by Johnson & Johnson earlier this year, served on the board of
directors of Shockwave Medical, Inc.
Mitch Hill joins the board with over 30 years of financial and
operational experience in the healthcare and technology sectors. He
is retiring as the Chief Financial Officer of Inari Medical, Inc.,
effective October 1, having led the company through its initial
public offering and a period of significant growth. Prior to Inari,
Hill held executive positions at Cameron Health, Inc. and Visiogen
Inc., both of which were acquired during his tenure. Hill also held
leadership roles at Walt Disney Imagineering and Disney Development
Co.
The Company also announced that Ali Behbahani, General Partner
of New Enterprise Associates, who has served on the board since
2013, is leaving the board. “On behalf of CVRx and the Board of
Directors, I would like to thank Ali for his tireless support of
the company throughout much of our long history. His expertise and
dedication have been instrumental in the development and
commercialization of Barostim therapy, which has had a positive
impact on thousands of patients suffering from heart failure,” said
Kevin Hykes, President and Chief Executive Officer of CVRx.
About CVRx, Inc.
CVRx is focused on the development and commercialization of the
Barostim™ System, the first medical technology approved by FDA that
uses neuromodulation to improve the symptoms of heart failure.
Barostim is an implantable device that delivers electrical pulses
to baroreceptors located in the wall of the carotid artery.
Baroreceptors activate the body's baroreflex, which in turn
triggers an autonomic response to the heart. 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 also received the CE Mark
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 VallieICR
Westwicke443-213-0501ir@cvrx.com
Media Contact:
Laura O’NeillFinn
Partners402-499-8203laura.oneill@finnpartners.com
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