Peijia Medical's Licensing Partner, JenaValve Technology, Inc., is Expected to be Acquired by Edwards Lifesciences

Peijia to maintain exclusive rights in Greater China to commercialize JenaValve's Trilogy Transcatheter Heart Valve (THV) System SUZHOU, China , July 25, 2024 /PRNewswire/ -- Peijia Medical Limited (Peijia, (9996.HK)), a leading Chinese domestic player in the high-growth transcatheter valve therapeutics and neurovascular interventions markets, today commented on the expected acquisition of JenaValve Technology, Inc. ("JenaValve"), an exclusive technology licensing partner of Peijia, by Edwards Lifesciences ("Edwards").

On July 24, 2024 , Edwards announced that it had entered into an agreement to acquire JenaValve, a pioneer in the transcatheter treatment of aortic regurgitation (AR), a deadly disease that impacts a significant and growing population and is currently untreated today. JenaValve presented positive results of its U.S.

pivotal trial for the treatment of symptomatic, severe AR in high-risk patients late last year. Edwards will accelerate development of this novel technology with the goal to enable earlier patient access. Edwards anticipates U.

S. Food and Drug Administration (FDA) approval of the JenaValve Trilogy Heart Valve System in late 2025, which will represent the first approved therapy for patients suffering from AR. In late 2021, Peijia and JenaValve entered into a collaboration and license agreement wherein Peijia obtained the exclusive rights to develop, manufacture and commercialize the Trilogy THV System for AR and Aortic Stenosis (AS) in Greater China .