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flag FDA denies approval for VenoValve due to insufficient evidence; company pivots to next-gen device.

flag enVVeno Medical received an unfavorable FDA decision upholding its earlier not-approvable letter for the VenoValve, a surgical venous valve for severe chronic venous insufficiency, citing insufficient evidence of safety and effectiveness. flag The company said the feedback will inform development of its next-generation enVVe, a less invasive transcatheter valve ready for human trials. flag enVVeno reported $31.5 million in cash as of Q3 2025, with projected operations extending into 2027. flag The condition affects millions of Americans and incurs billions in annual healthcare costs.

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