CryoTherapeutics

CryoTherapeutics

Leuven, Belgium· Est.
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Private Company

Total funding raised: $20M

Overview

CryoTherapeutics is an early-stage European innovator targeting the root cause of most heart attacks: vulnerable atherosclerotic plaque. Their implant-free cryotherapy technology cools plaque to -10°C to -20°C, aiming to stabilize it by reducing inflammation and increasing fibrous cap thickness, thereby lowering rupture risk. The company has completed a first-in-human (POLARSTAR) pilot study showing initial safety and feasibility, positioning it in a large, underserved cardiovascular market. Based in Leuven, Belgium, and founded in 2015, it is a private, pre-revenue company advancing a unique medical device platform.

Cardiovascular

Technology Platform

Catheter-based cryotherapy system (CTS) consisting of a console and an intracoronary balloon catheter. Delivers controlled cryoenergy (-10°C to -20°C) to vulnerable coronary plaques to reduce inflammation and increase fibrous cap thickness, stabilizing the plaque and preventing rupture.

Funding History

1
Total raised:$20M
Series B$20M

Opportunities

The massive unmet need for treating vulnerable plaque, responsible for ~75% of fatal heart attacks, represents a multi-billion dollar market with no dedicated device therapy.
The growing clinical adoption of CCTA imaging enables earlier and more accurate identification of the target patient population, creating a clear pathway for intervention.

Risk Factors

The company must successfully complete larger, pivotal trials to prove clinical efficacy in preventing heart attacks, a high bar with significant cost and execution risk.
Post-approval, market adoption faces challenges, including convincing cardiologists to intervene on non-obstructive lesions and securing favorable reimbursement from payers.

Competitive Landscape

There are currently no FDA or CE-marked devices specifically indicated for vulnerable plaque stabilization, making CryoTherapeutics a potential first-mover. Competition exists indirectly from optimal medical therapy (drugs) and the off-label use of stents/drug-coated balloons, which are suboptimal for this indication. Other companies may be developing competing targeted local therapies.