MiRus

MiRus

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Private Company

Total funding raised: $30M

Overview

MiRus is a privately-held medical device innovator founded in 2007, built around its patented MoRe® alloy, which offers superior strength, biocompatibility, and reduced metal ion release compared to traditional materials like titanium. The company has successfully transitioned multiple products to the commercial stage, with a growing pipeline in spine, orthopedics, and transcatheter heart valves, as evidenced by recent FDA clearances and a New Technology Add-on Payment (NTAP). Operating as an integrated platform company, MiRus combines novel biomaterials, implant design, procedural solutions, and remote monitoring to improve patient outcomes across the continuum of care.

CardiovascularOrthopedicsSpine

Technology Platform

Proprietary MoRe® (Molybdenum-Rhenium) superalloy enabling smaller, stronger, more biocompatible implants with lower metal ion release, integrated with novel implant designs, procedural solutions, and remote physiologic monitoring systems.

Funding History

2
Total raised:$30M
Series B$20M
Series A$10M

Opportunities

The structural heart market, particularly TAVR, represents a multi-billion dollar growth opportunity if the Siegel TAVR proves successful.
Additionally, the integrated care platform combining durable implants with remote monitoring aligns with the shift towards value-based and outpatient care, creating potential for recurring revenue and improved patient outcomes.

Risk Factors

Key risks include the high clinical and regulatory hurdle of successfully completing the pivotal STAR Trial for its TAVR valve and gaining FDA approval.
Commercialization against entrenched competitors in both orthopedics and structural heart is also a major challenge, as is driving adoption of a novel biomaterial among surgeons.

Competitive Landscape

In orthopedics and spine, MiRus competes with large, established players like Medtronic, Stryker, and Johnson & Johnson. In the high-growth TAVR market, it would face intense competition from industry leaders Edwards Lifesciences and Medtronic, who dominate with extensive clinical data and sales networks.