REVA Medical

REVA Medical

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Private Company

Total funding raised: $135M

Overview

REVA Medical is a pioneer in bioresorbable polymer technology, having developed 19 polymer families over two decades. Its proprietary Tyrocore polymer platform underpins its commercial and pipeline products, including the CE-marked Fantom Encore coronary scaffold and the MOTIV BTK scaffold, which has FDA Breakthrough Designation. The company's strategy targets the large cardiovascular device market by offering temporary scaffolds that resorb, aiming to improve long-term patient outcomes compared to permanent metal implants. REVA operates as a commercial-stage entity in select European markets while advancing clinical programs for US market entry.

CardiovascularPeripheral Vascular DiseaseOncology

Technology Platform

Proprietary tyrosine-derived polycarbonate polymer platform (Tyrocore) for creating radiopaque, bioresorbable medical implants.

Funding History

4
Total raised:$135M
IPO$60M
Series C$40M
Series B$25M
Series A$10M

Opportunities

The MOTIV scaffold addresses a large unmet need in below-the-knee PAD, a high-growth market with limited treatment options, and its FDA Breakthrough status accelerates its US pathway.
The Tyrocore platform's radiopacity is a key differentiator that can be leveraged across multiple vascular and embolization applications, enabling pipeline expansion.

Risk Factors

The bioresorbable scaffold category carries historical baggage from earlier product failures, requiring REVA to overcome significant clinical and market skepticism.
As a private company, it faces execution risk in scaling commercialization and is dependent on raising capital to fund expensive US regulatory trials and commercial launches.

Competitive Landscape

In coronaries, REVA competes against dominant permanent metal drug-eluting stents (e.g., from Abbott, Medtronic, Boston Scientific) and other bioresorbable scaffolds. In BTK PAD, competitors include drug-coated balloons, atherectomy devices, and other scaffolds. TyroSphere would compete against established permanent and non-radiopaque embolic beads.