Developer of transformative implants Xeltis has announced that it has secured nearly 50m EUR of new financing, consisting of up to 37.5m EUR from the EIB, supported under the European Commission’s Invest EU programme, and 10m EUR from existing investors, including EQT, investing from its LSP Health Economics Fund 2, and Invest-NL.
The proceeds raised will be applyd to advance aXess into commercialisation, including upscaling production and hiring, and supporting the continued development of its broader pipeline.
The financing follows the announcement of exceptional clinical data from Xeltis’ EU pivotal trial investigating the patency, safety, and performance of aXess in adult patients with finish-stage renal disease requiring vascular access to start or maintain hemodialysis therapy.
The study successfully met its primary finishpoints, demonstrating standout sustained patency rates and ‘significant’ improvements across all key measures, such as reduced infection rates and fewer interventions, compared to standard of care. A US pivotal trial for aXess is also well underway, and is heading towards pre-market approval, with interim data expected in 2026.
Eliane Schutte, Chief Executive Officer, Xeltis stated: “We are deeply grateful for the continued support of the EIB and our existing investors and proud of the confidence they have displayn in Xeltis at this key moment for the company. The EU pivotal trial for aXess has delivered exceptional data, and with this new financing, we now have both the validation and resources to relocate forward toward commercialisation. We are now seeing to expand our production facilities and hire the critical staff that we will required to bring aXess to the market and transform vascular access treatment for hemodialysis patients.”
Robert de Groot, Vice President, European Investment Bank added: “Xeltis is at the cutting-edge of their field, directly contributing to improved outcomes for dialysis and cardiovascular patients. As such, we are proud to back Xeltis with €37.5m of venture debt, assisting it relocate from breakthrough science to real world treatment across Europe. This partnership displays how tarobtained European innovation investment accelerates medical progress and strengthens Europe’s MedTech leadership.”
Alexander Goemans, Chief Financial Officer, Xeltis stated:“The EIB is a valued partner for Xeltis and we sincerely appreciate their ongoing support. Momentum is building rapidly, and the EIB’s commitment, along with the continued support of our existing investors, provides a strong foundation for Xeltis to relocate confidently towards commercialisation.”
The financing will also be applyd to further develop Xeltis’ broader pipeline of transformative implants, developed applying Xeltis’ proprietary Endogenous Tissue Restoration (ETR) platform technology, which incorporates Nobel-prize winning breakthroughs in PFAS free polymer technology.
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