On April 15, 2020, MicroPort Scientific Corporation, announced that MicroPort CardioFlow Medtech Corporation, which is a subsidiary of MicroPort, had completed raising a new round of funds on the basis of a pre-money valuation of US$1.1 billion.

MicroPort CardioFlow focuses on the research, development, manufacturing and marketing of comprehensive medical device solutions to the treatment of valvular heart diseases. Its independently developed VitaFlow Transcatheter Aortic Valve and Delivery System received the registration certificate from National Medical Products Administration of China in July 2019.

VitaFlow Valve System is the first approved Transcatheter Aortic Valve Implantation product using bovine pericardium as valve tissue in China, as well as the first TAVI product that features a double-layer PET skirt and a motorized delivery system in China. Accompanied by Alwide Balloon Dilation Catheter and Alpass Catheter Sheath Set, which were independently developed by MicroPort CardioFlow and approved by NMPA, VitaFlow Valve System provides a comprehensive full-set therapeutic solution for clinicians.

The clinical data of VitaFlow Valve System have proved that the product can effectively improve the safety and efficacy of the TAVI procedure, which has been widely endorsed by industry experts and clinicians in practice.

Dr. Qiyi Luo, Chief Technology Officer of MicroPort and Chairman of MicroPort CardioFlow, said, "With about 10 years of committed development of its aortic valve business, MicroPort CardioFlow has become an influential player in the field of heart valve in China and been favored by the capital market. This round of fundraising will bring in more resources for the development of the company in research and development, manufacturing, market expansion, and the enhancement of its market competitiveness. We have every confidence that we will maintain rapid development in the niche market of medical devices for valvular heart diseases, so as to provide more patients with high-quality and accessible integrated therapeutic solutions to valvular diseases."