Bioresorbable stent company, Arterial Remodeling Technologies ('ART'), raises EUR 5.5 ($7.8) million in new venture financing round from investors M

PARIS (Business Wire EON) November 12, 2007 -- Proceeds will be used to pursue CE Mark clearance for the Company's first product, a bioresorbable stent that dismantles in vivo over an optimized time horizon.

"Given the explosive growth and fast adoption rates exhibited by the coated stent market, now in disarray, the bioresorbable coronary stent market presents a compelling opportunity to participate in a potentially disruptive, market-changing technology," said Christophe Douat, a Partner with Matignon Technologies and ART board member. "ART's bioresorbable stents, in particular, represent a whole new concept for stenting and could revolutionize coronary angioplasty in the future," added Beatrice Llirbat, Partner at SGAM Alternative Investments Private Equity. "ART is a compelling opportunity, and the new round will help ART accelerate and reach its first-in-man milestone in 2008," said Eric Viaud, from Bista Consulting Sarl advising SEFTI, and also an ART board member.

"Our stents are designed to be both hemocompatible and biocompatible, therein causing little or no thrombus or inflammation while disappearing over time," added Patrick Sabaria, a founder, investor, and CEO of ART as well as former Vice President, Europe, for J&J Interventional Systems, where he introduced the world's first approved-for-marketing coronary stent.

About Arterial Remodeling Technologies ("ART")

Arterial Remodeling Technologies ("ART") is developing bioresorbable peripheral and coronary polymer stents that promote the natural remodeling of an injured artery after angioplasty. The Company's technology is based on intellectual property originating from three esteemed institutions: the Cleveland Clinic; the French national research institute, C.N.R.S. (Centre National de Recherche Scientifique), Montpellier, France; and, Necker University, Paris. To date, ART has raised EUR 10 ($14.2) million in venture capital from investors Matignon Technologies and SGAM Alternative Investments.