# Evalve

> Evalve developed MitraClip, a catheter-delivered device that joins the mitral valve leaflets to reduce regurgitation. Founded in 1999 by The Foundry and cardiologist Fred St. Goar, it was acquired by Abbott in 2009 for $320 million upfront and up to $90 million more tied to regulatory milestones. The product found its strongest role among selected patients for whom surgery posed substantial risk.

- **Founded:** 1999
- **Headquarters:** Menlo Park, United States
- **Founders:** Fred St. Goar (Co-founder and cardiologist), The Foundry (Co-founder and medical device incubator)
- **Products:** MitraClip system
- **Notable:** MitraClip received CE mark in Europe in 2008., Abbott acquired Evalve in 2009 for $320 million upfront plus a potential $90 million milestone payment., The FDA approved MitraClip for selected prohibitive-risk patients with degenerative mitral regurgitation in 2013.

## Products & services

- **MitraClip system** — Catheter-delivered clip and guide system for edge-to-edge repair of the mitral valve. Developed by Evalve; later versions are marketed by Abbott.

## Achievements

- MitraClip received CE mark in Europe in 2008.
- Abbott acquired Evalve in 2009 for $320 million upfront plus a potential $90 million milestone payment.
- The FDA approved MitraClip for selected prohibitive-risk patients with degenerative mitral regurgitation in 2013.
- Abbott reports more than 200,000 patients treated worldwide with MitraClip.

## Latest updates

- **2026-09** — Abbott’s current US clinician page lists the MitraClip G5 TEER system and says more than 200,000 patients have been treated worldwide.
- **2019-03** — The FDA expanded MitraClip’s indication to selected patients with symptomatic secondary mitral regurgitation despite guideline-directed medical therapy.

## Links

- Website: https://www.cardiovascular.abbott/us/en/hcp/products/structural-heart/transcatheter-valve-solutions/mitraclip.html
- LinkedIn: https://www.linkedin.com/company/evalve-inc.

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Profile page: https://yespress.io/evalve
Published by YesPress — https://yespress.io
Last updated: 2026-09-30